EBU Single Rulebook Q&A 30 September 2015 2015_2351 Reimbursement of shareholders and creditors

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European Union · · · 28-10-2016

In our understanding, Articles 36(12) and 46(3) confer upon the resolution authority a mere power - not an obligation - to reimburse shareholders and creditors. If this is the case, is such power an unfettered discretion or should it be exercised under particular conditions? If the latter is correct, which conditions apply?

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