Version in force , Modified +877 −25§
Amended by Regulation (EU) 2026/808 32026R0808 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
In paragraph 7, second subparagraph, the Commission's endorsement or objection decision now also expressly covers objections based on proposed use of State aid or Fund aid considered incompatible with the internal market, alongside the existing discretionary-aspects ground.
Two new paragraphs, 11 and 12, have been added, allowing the Board to instruct national resolution authorities to exercise powers under national law transposing Article 33a of Directive 2014/59/EU when the failing-or-likely-to-fail and no-alternative-measures conditions in paragraph 1 are met, and to exercise powers referred to in Article 84b(2) of that Directive, in both cases with implementation by the national resolution authorities in accordance with Article 29.
These paragraphs 11 and 12 and the amended wording of paragraph 7 do not appear in the earlier version of the text.
Cited: Art. 18, v2 (external, EUR-Lex) · Art. 18, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 10 November 2025 02014R0806-20251110 → this version, in force 11 June 2026 02014R0806-20260611
Article 18
Resolution procedure
1. The Board shall adopt a resolution scheme pursuant to paragraph 6 in relation to entities and groups referred to in Article 7(2), and to the entities and groups referred to in Article 7(4)(b) and (5) where the … 1,086 unchanged words … a Commission decision taken in accordance with Article 19.
7. Immediately after the adoption of the resolution scheme, the Board shall transmit it to the Commission.
Within 24 hours from the transmission of the resolution scheme by the Board, the Commission shall either endorse the resolution scheme, scheme or object to it it, either with regard to the discretionary aspects of the resolution scheme in the cases not covered in the third subparagraph of this paragraph. paragraph or with regard to the proposed use of State aid or Fund aid that is not considered compatible with the internal market.
Within 12 hours from the transmission of the resolution scheme by the Board, the Commission may propose to the Council:
(a) to object to the resolution scheme on the ground that the resolution scheme adopted by the Board does not fulfil … 415 unchanged words … have the power to obtain from any person, in accordance with Chapter 5 of this Title, any information necessary for it to prepare and decide upon a resolution action, including updates and supplements of information provided in the resolution plans.11. Where the conditions referred to in paragraph 1, first subparagraph, points (a) and (b), of this Article are met, the Board may instruct the national resolution authorities to exercise the powers under national law transposing Article 33a of Directive 2014/59/EU in accordance with the conditions laid down in national law. The national resolution authorities shall implement the instructions of the Board in accordance with Article 29 of this Regulation.
12. The Board may instruct the national resolution authorities to exercise the powers referred to in Article 84b(2) of Directive 2014/59/EU. The national resolution authorities shall implement the instructions of the Board in accordance with Article 29 of this Regulation.