Art. 12d
Single Resolution Mechanism Regulation · 32014R0806 · every event for this act · on EUR-Lex
4 changes recorded across 4 events, newest first.
in force 2026-06-11 MODIFIED±0§
Amended by Regulation (EU) 2026/808 32026R0808
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after
No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.
in force 2024-11-14 MODIFIED§
Amended by Directive (EU) 2024/1174 32024L1174
applies from: unchanged
A new paragraph 2a is added, stating that the Board shall not determine the requirement referred to in Article 12a(1) for liquidation entities.
The new paragraph 2a also allows the Board to assess whether determining that requirement for a liquidation entity on an individual basis, in an amount exceeding the loss-absorption amount under paragraph 2(a), is justified, listing own funds, eligible liabilities meeting Article 72a criteria (with named exceptions), and liabilities referred to in Article 12c(2) as the means of meeting such a requirement.
It further states that Article 77(2) and Article 78a of Regulation (EU) No 575/2013 do not apply to liquidation entities for which the Board has not set the requirement, that holdings of own funds and eligible liabilities instruments issued by such subsidiary liquidation entities are not deducted under Article 72e(5) of that Regulation, and that an institution or entity that is a subsidiary of a resolution entity or of a would-be resolution entity third-country entity must deduct such holdings in same-group liquidation entities once the aggregate reaches or exceeds 7% of the relevant own funds and liabilities total, calculated annually as of 31 December as a 12-month average; no such provisions exist in the earlier text.
Cited: Art. 12d, v2 · Art. 12d, v1
text before / after, on the event page →
in force 2024-05-13 MODIFIED§
Amended by Directive (EU) 2024/1174 32024L1174
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2020-12-28 INSERTED§
Amended by Regulation (EU) 2019/877 32019R0877
applies from: unknown (an inserted provision states its own application date only in prose)
Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it and the amending act's instructions do not mention it. All are shown; none is overruled.
Article 12d is entirely new text, setting out criteria and formulas the Board uses to determine the minimum requirement for own funds and eligible liabilities for resolution entities and other entities within a resolution group.
It covers loss-absorption and recapitalisation amounts, thresholds for entities with assets above and below EUR 100 billion, treatment of excluded liabilities, and the requirement that any Board decision imposing the requirement state its reasons.
Cited: Art. 12d, v2
text before / after, on the event page →