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DRAFT GUIDELINE ON THE BACKSTOP FACILITY TO THE SRB FOR THE SRF

This document sets out a new guideline which elaborates the agreements on the design of a new ESM financial instrument, namely the common backstop instrument, which the ESM will provide to the Single Resolution Board (the “SRB”) for the Single Resolution Fund to support the application of the resolution tools and exercise of the SRB’s resolution powers under the Single Resolution Mechanism of the European Union.

The legal basis for the adoption of this new guideline is Article 18a(4) of the ESM Treaty, as amended by the draft Amending Agreement.