In certain circumstances, after the Fund has provided a contribution up to the maximum of 5 % of the entity’s total liabilities including own funds, the Board is able to use additional sources of funding to further support its resolution action. It should be specified more clearly in which circumstances the Fund could provide further support where all bail-inable liabilities that are not eligible deposits, with a priority ranking lower than that of non-covered deposits of natural persons and micro, small and medium-sized enterprises and that are not discretionarily excluded from bail-in have been written down or converted in full.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
