(14)

the following article is inserted: ‘Article 12a Use of the available financial means of IPSs recognised as DGSs under Article 113(7), point (b), of Regulation (EU) No 575/2013 1. Members States may allow an IPS as referred to in Article 1(2), point (c), to lend or otherwise make available its available financial means as referred to in Article 10(1) to any other funds of that IPS as referred to in Article 113(7), point (b), of Regulation (EU) No 575/2013, provided that the following conditions are met: 2. Member States shall ensure that if an IPS as referred to in Article 1(2), point (c), has lent or otherwise made available financial means in accordance with paragraph 1 of this Article and the need to repay depositors of its member institutions or to intervene in resolution arises, those means are repaid upon request within a period not exceeding the period referred to in Article 8(1).’ ; those financial means lent or otherwise made available are needed to ensure the liquidity and solvency to avoid bankruptcy of an affiliated institution; there is no immediate need for the DGS to use the available financial means referred to in Article 10(1) to repay depositors of its member institutions or to intervene in resolution of its member institutions; the total amount does not exceed 75 % of the DGS target level; the financial means lent or otherwise made available must be repaid within six 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.