Skip to main content

Article 31

No: M/38

Effective from Dec 10 2020 - Jun 15 2021
To view other versions open the versions tab on the right

The competent authority may, in order to finance resolution procedures and cover associated costs, establish funds the contribution to which is made by SIFIs. Such funds, including its purposes, amounts and manner of submission of preliminary and subsequent contributions, manner of collection, manner of disbursement, and reporting thereon shall be according to rules approved by the Council of Economic and Development Affairs upon the recommendation of the competent authority.