in force 2026-06-11 MODIFIED+94 −56§
Amended by Regulation (EU) 2026/808 32026R0808
applies from: unchanged
In paragraph 1, the Board's power changes from directly prohibiting an entity from making the listed distributions to instructing the national resolution authority to impose that prohibition.
The cross-references to Article 141a(1) and Article 12a(2) of the underlying acts are also reformatted with the point letters moved after the article number, without altering which points or articles are referenced.
Cited: Art. 10a, v1 · Art. 10a, v2
text before / after
02014R0806-20251110 → 02014R0806-20260611
Article 10a
Power to prohibit certain distributions
1. Where an entity is in a situation where it meets the combined buffer requirement when considered in addition to each of the requirements referred to in Article 141a(1), points (a), (b) and (c) of Article 141a(1) (c), of Directive 2013/36/EU, but it fails to meet the combined buffer requirement when considered in addition to the requirements referred to in Articles 12d and 12e of this Regulation, Regulation when calculated in accordance with Article 12a(2), point (a) of Article 12a(2) (a), of this Regulation, the Board shall have the power, in accordance with paragraphs 2 and 3 of this Article, to instruct the national resolution authority to prohibit an entity from distributing more than the Maximum Distributable Amount related to the minimum requirement for own funds and eligible liabilities (M-MDA), calculated in accordance with paragraph 4 of this Article, through any of the following actions:
(a) make … 1,083 unchanged words … factor shall be 0,6;
The lower and upper bounds of each quartile of the combined buffer requirement shall be calculated as follows:
Lower bound of quartileCombined buffer requirement4Qn1
Upper bound of quartileCombined buffer requirement4Qn
where Qn = the ordinal number of the quartile concerned.