European Central Bank 4 November 2016, 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)

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European Union · · · Cited by 6 · 04-11-2016

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

15.11.2016

Official Journal of the European Union

L 306/37

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)

THE

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