Effective from Dec 10 2020 - Dec 09 2020 To view other versions open the versions tab on the right
1.
The competent authority may take one or more of the following procedures on any SIFI and its holding company or a subsidiary financial institution upon the existence of all conditions referred to in Article 10 of this Law:
a)
Sale of the SIFI.
b)
Establishment of a transitional entity.
c)
Separation of SIFI assets.
d)
Amendment of rights of the SIFI.
2.
The competent authority may take resolution measures on the holding company or a subsidiary financial institution which does not qualify for resolution in cases where this is necessary to complete the resolution of the SIFI.
