(f)

paragraph 9 is replaced by the following: ‘9. Member States shall ensure that DGSs have in place adequate alternative funding arrangements to enable them to obtain short-term funding to meet claims against those DGSs. Alternative funding arrangements financed through public funds shall only be used for the repayment under Article 8(1) and for the measures referred to in Article 11(2) as a last resort and shall be provided in the form of loans or guarantees. Alternative funding arrangements from public sources shall only be provided under the condition that the DGS makes the legal commitment to repay alternative funding arrangements financed or guaranteed through public funds and the agreed interest and fees within six years. In extraordinary circumstances, where, in light of disbursements and recoveries during the repayment period, the competent authority assesses that the repayment could overburden the financing capacities of the remaining member institutions, the repayment period may be extended once by up to three years.’ ;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.