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BRRD — DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (Text with EEA relevance)

directive · European Union · 32014L0059

760 provisions · cited by 18 instruments we hold · 405 national measures recorded · 172 provisions hand work to national law

Defined terms · All instruments · aid for restructuring · company in difficulties · credit institution · economic stabilisation · financial aid · financial intervention · financial solvency · investment company

1 Subject matter and scope
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2 Definitions
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3 Designation of authorities responsible for resolution
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4 Simplified obligations for certain institutions
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5 Recovery plans
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6 Assessment of recovery plans
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7 Group recovery plans
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8 Assessment of group recovery plans
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9 Recovery Plan Indicators
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10 Resolution plans
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11 Information for the purpose of resolution plans and cooperation from the institution
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12 Group resolution plans
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13 Requirement and procedure for group resolution plans
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14 Transmission of resolution plans to the competent authorities
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15 Assessment of resolvability for institutions
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16 Assessment of resolvability for groups
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17 Powers to address or remove impediments to resolvability
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18 Powers to address or remove impediments to resolvability: group treatment
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19 Group financial support agreement
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20 Review of proposed agreement by competent authorities and mediation
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21 Approval of proposed agreement by shareholders
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22 Transmission of the group financial support agreements to resolution authorities
23 Conditions for group financial support
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24 Decision to provide financial support
25 Right of opposition of competent authorities
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26 Disclosure
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27 Early intervention measures
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28 Removal of senior management and management body
29 Temporary administrator
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30 Coordination of early intervention measures and appointment of temporary administrator in relation to groups
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31 Resolution objectives
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32 Conditions for resolution
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33 Conditions for resolution with regard to financial institutions and holding companies
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34 General principles governing resolution
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35 Special management
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36 Valuation for the purposes of resolution
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37 General principles of resolution tools
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38 The sale of business tool
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39 Sale of business tool: procedural requirements
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40 Bridge institution tool
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41 Operation of a bridge institution
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42 Asset separation tool
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43 The bail-in tool
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44 Scope of bail-in tool
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45 Application of the minimum requirement
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46 Assessment of amount of bail-in
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47 Treatment of shareholders in bail-in or write down or conversion of capital instruments
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48 Sequence of write down and conversion
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49 Derivatives
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50 Rate of conversion of debt to equity
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51 Recovery and reorganisation measures to accompany bail-in
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52 Business reorganisation plan
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53 Effect of bail-in
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54 Removal of procedural impediments to bail-in
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55 Contractual recognition of bail-in
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56 Government financial stabilisation tools
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57 Public equity support tool
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58 Temporary public ownership tool
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59 Requirement to write down or convert capital instruments
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60 Provisions governing the write down or conversion of capital instruments
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61 Authorities responsible for determination
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62 Consolidated application: procedure for determination
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63 General powers
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64 Ancillary powers
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65 Power to require the provision of services and facilities
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66 Power to enforce crisis management measures or crisis prevention measures by other Member States
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67 Power in respect of assets, rights, liabilities, shares and other instruments of ownership located in third countries
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68 Exclusion of certain contractual terms in early intervention and resolution
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69 Power to suspend certain obligations
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70 Power to restrict the enforcement of security interests
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71 Power to temporarily suspend termination rights
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72 Exercise of the resolution powers
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73 Treatment of shareholders and creditors in the case of partial transfers and application of the bail-in tool
74 Valuation of difference in treatment
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75 Safeguard for shareholders and creditors
76 Safeguard for counterparties in partial transfers
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77 Protection for financial collateral, set off and netting agreements
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78 Protection for security arrangements
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79 Protection for structured finance arrangements and covered bonds
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80 Partial transfers: protection of trading, clearing and settlement systems
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81 Notification requirements
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82 Decision of the resolution authority
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83 Procedural obligations of resolution authorities
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84 Confidentiality
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85 Ex-ante judicial approval and rights to challenge decisions
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86 Restrictions on other proceedings
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87 General principles regarding decision-making involving more than one Member State
88 Resolution colleges
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89 European resolution colleges
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90 Information exchange
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91 Group resolution involving a subsidiary of the group
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92 Group resolution
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93 Agreements with third countries
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94 Recognition and enforcement of third-country resolution proceedings
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95 Right to refuse recognition or enforcement of third-country resolution proceedings
96 Resolution of Union branches
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97 Cooperation with third-country authorities
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98 Exchange of confidential information
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99 European system of financing arrangements
100 Requirement to establish resolution financing arrangements
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101 Use of the resolution financing arrangements
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102 Target level
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103 Ex-ante contributions
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104 Extraordinary ex-post contributions
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105 Alternative funding means
106 Borrowing between financing arrangements
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107 Mutualisation of national financing arrangements in the case of a group resolution
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108 Ranking of deposits in insolvency hierarchy
109 Use of deposit guarantee schemes in the context of resolution
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110 Administrative penalties and other administrative measures
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111 Specific provisions
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112 Publication of administrative penalties
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113 Maintenance of central database by EBA
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114 Effective application of penalties and exercise of powers to impose penalties by competent authorities and resolution authorities
115 Exercise of the delegation
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116 Amendment to Directive 82/891/EEC
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117 Amendments to Directive 2001/24/EC
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118 Amendment to Directive 2002/47/EC
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119 Amendment to Directive 2004/25/EC
120 Amendment to Directive 2005/56/EC
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121 Amendments to Directive 2007/36/EC
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122 Amendment to Directive 2011/35/EU
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123 Amendment to Directive 2012/30/EU
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124 Amendment to Directive 2013/36/EU
125 Amendment to Regulation (EU) No 1093/2010
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126 Amendment to Regulation (EU) No 648/2012
127 EBA Resolution Committee
128 Cooperation with EBA
129 Review
130 Transposition
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131 Entry into force
132 Addressees