Considering the need to protect financial stability and to act swiftly, resolution authorities should not be subject to the procedures for procurement with respect to public contracts for valuation services for the purposes of resolution and of assessing whether shareholders and creditors would have received better treatment if the institution under resolution had entered into normal insolvency proceedings. The services provided should therefore be excluded from the scope of Directive 2014/24/EU of the European Parliament and of the Council. As regards legal services that the resolution authorities might need, certain legal services are already excluded from the scope of that Directive and others are included in the list of services set out in Annex XIV to that Directive for which higher thresholds and lighter harmonised rules apply.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
