Article 1, Point (24), Point (b) · Directive (EU) 2019/879

Contents

(1) Article 2(1) is amended as follows:
(2) Article 10 is amended as follows:
(3) Article 12 is amended as follows:
(4) Article 13 is amended as follows:
(5) Article 16 is amended as follows:
(6) the following Article is inserted: ‘Article 16aPower to pr…
(7) Article 17 is amended as follows:
(8) in Article 18, paragraphs 1 to 7 are replaced by the follo…
(9) in Article 32(1), point (b) is replaced by the following:…
(10) the following Articles are inserted: ‘Article 32aCondition…
(11) in Article 33, paragraphs 2, 3 and 4 are replaced by the f…
(12) the following Article is inserted: ‘Article 33aPower to su…
(13) Article 36 is amended as follows:
(14) Article 37 is amended as follows:
(15) Article 44 is amended as follows:
(16) the following Article is inserted: ‘Article 44aSelling of…
(17) Article 45 is replaced by the following Articles: ‘Article…2 changes
(18) in Article 46, the words ‘eligible liabilities’ are replac…
(19) in point (b)(ii) of Article 47(1), the words ‘eligible lia…
(20) Article 48 is amended as follows:
(21) Article 55 is replaced by the following: ‘Article 55Contra…
(22) the title of Chapter V of Title IV is replaced by the foll…
(23) Article 59 is amended as follows:
(24) Article 60 is amended as follows:
(25) in Article 61(3), the following subparagraph is added: ‘Wh…
(26) Article 62 is amended as follows:
(27) in points (e), (f) and (j) of Article 63(1), the words ‘el…
(28) in Article 66(4), the words ‘eligible liabilities’ are rep…
(29) Article 68 is amended as follows:
(30) Article 69 is amended as follows:
(31) in Article 70, paragraph 2 is replaced by the following: ‘…
(32) in Article 71, paragraph 3 is replaced by the following: ‘…
(33) the following Article is inserted: ‘Article 71aContractual…
(34) Article 88 is amended as follows:
(35) Article 89 is replaced by the following: ‘Article 89Europe…
(36) in point (6) of Section B and in point (17) of Section C o…

(b)in paragraph 1, the following point (d) is added:‘(d)the principal amount of eligible liabilities referred to in Article 59(1a) is written down or converted into Common Equity Tier 1 instruments or both, to the extent required to achieve the resolution objectives set out in Article 31 or to the extent of the capacity of the relevant eligible liabilities, whichever is lower.’;