emendrix

Art. 518a

Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex

3 changes recorded across 3 events, newest first.

in force 2023-06-28 INSERTED±0

Amended by Regulation (EU) 2019/876 32019R0876

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in force 2020-12-28 INSERTED

Amended by Regulation (EU) 2019/876 32019R0876

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in force 2019-06-27 INSERTED

Amended by Regulation (EU) 2019/876 32019R0876

applies from: unknown (an inserted provision states its own application date only in prose)

A new Article 518a has been added, requiring the Commission to review and assess by 28 June 2022 whether eligible liabilities should be able to be bailed-in without triggering cross-default clauses in other contracts, and whether a no-cross-default provision referring to eligible liabilities should be included in the terms governing other liabilities.

The new article also states that, where appropriate, this review and assessment shall be accompanied by a legislative proposal.

Cited: Art. 518a, v2

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