Art. 504a · Holdings of eligible liabilities instruments

Version in force 27 June 2019, Inserted +563 −0§

Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)

Applies from: not readable (an inserted provision states its own application date only in prose) why

Explanation, written by a model and checked against the cited text

This new provision requires EBA to report to the Commission by 28 June 2022 on the amounts and distribution of holdings of eligible liabilities instruments among institutions identified as G-SIIs or O-SIIs, and on potential impediments to resolution and the risk of contagion related to those holdings.

It further provides that, based on that report, the Commission shall by 28 June 2023 report to the European Parliament and to the Council on the appropriate treatment of such holdings, accompanied by a legislative proposal where appropriate.

Cited: Art. 504a, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 504a
Holdings of eligible liabilities instruments
By 28 June 2022, EBA shall report to the Commission on the amounts and distribution of holdings of eligible liabilities instruments among institutions identified as G-SIIs or O-SIIs and on potential impediments to resolution and the risk of contagion in relation to those holdings.
Based on the report by EBA the Commission shall, by 28 June 2023, report to the European Parliament and to the Council on the appropriate treatment of such holdings, accompanied by a legislative proposal, where appropriate.