Guideline (EU) 2016/1994 of the European Central Bank of 4 November 2016 on the a... (32016O0038)
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Guideline (EU) 2016/1994 of the European Central Bank of 4 November 2016 on the approach for the recognition of institutional protection schemes for prudential purposes by national competent authorities pursuant to Regulation (EU) No 575/2013 of the European Parliament and of the Council (ECB/2016/38)
- GUIDELINE (EU) 2016/1994 OF THE EUROPEAN CENTRAL BANK
- of 4 November 2016
- on the approach for the recognition of institutional protection schemes for prudential purposes by national competent authorities pursuant to Regulation (EU) No 575/2013 of the European Parliament and of the Council (ECB/2016/38)
- CHAPTER I
- GENERAL PROVISIONS
- Article 1
- Scope
- Article 2
- Definitions
- CHAPTER II
- SPECIFICATIONS FOR THE ASSESSMENT PURSUANT TO ARTICLE 113(7) OF REGULATION (EU) No 575/2013
- Article 3
- Article 113(7)(a) in conjunction with Article 113(6)(a) and (d) of Regulation (EU) No 575/2013: assessment of prudential status and legal domicile
- Article 4
- Article 113(7)(a) taken in conjunction with Article 113(6)(e) of Regulation (EU) No 575/2013: prompt transfer of own funds or repayment of liabilities from the counterparty to the members
- Article 5
- Article 113(7)(b) of Regulation (EU) No 575/2013: an IPS's ability to grant the support necessary under its commitment
- Article 6
- Article 113(7)(c) of Regulation (EU) No 575/2013: IPS systems for the monitoring and classification of risk
- Article 7
- Article 113(7)(d) of Regulation (EU) No 575/2013: IPS own risk review
- Article 8
- Article 113(7)(e) of the Regulation (EU) No 575/2013: IPS consolidated or aggregated report
- Article 9
- Article 113(7)(f) of Regulation (EU) No 575/2013: advance notice of member termination
- Article 10
- Article 113(7)(g) of Regulation (EU) No 575/2013: elimination of multiple use of elements eligible for the calculation of own funds
- Article 11
- Article 113(7)(h) of Regulation (EU) No 575/2013: broad membership
- CHAPTER III
- FINAL PROVISIONS
- Article 12
- Taking effect and implementation
- Article 13
- Addressees
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