Draft resolution for the nominal cap and the provisions on the procedure for the verification of compliance with the condition of the permanence of the legal framework for bank resolution

DRAFT BOARD OF GOVERNORS RESOLUTION FOR THE NOMINAL CAP AND THE PROVISIONS ON THE PROCEDURE FOR THE VERIFICATION OF COMPLIANCE WITH THE CONDITION OF THE PERMANENCE OF THE LEGAL FRAMEWORK FOR BANK RESOLUTION

This document sets out the decisions of the Board of Governors, to be adopted by mutual agreement, relating to the nominal cap and to the rules for verifying the permanence of the legal framework for bank resolution.

The legal basis for this decision is Article 18a(1) of the ESM Treaty, as amended by the draft Amending Agreement.

06/12/2019 BoG resolution on the nominal cap and PLF