Member States might have, under national law, powers to suspend payment or delivery obligations that can include eligible deposits. Where the suspension of payment or delivery obligations is not directly related to the financial circumstances of the credit institution, deposits might not be unavailable for the purposes of Directive 2014/49/EU. As a consequence, depositors might not be able to access their deposits for an extended period. To maintain depositor trust and confidence in the banking sector and to maintain financial stability, Member States should ensure that depositors have access to an appropriate daily amount from their deposits, to cover, in particular, the cost of living should their deposits be made inaccessible due to a suspension of payments for reasons other than leading to depositor payout. Such a procedure should remain exceptional and Member States should ensure that depositors have access to appropriate daily amounts.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
