{
  "url": "https://openlegislation.uk/eu-decision-2009-971/annex/division-1/division-4.5",
  "json_url": "https://openlegislation.uk/eu-decision-2009-971/annex/division-1/division-4.5.json",
  "legislation": "eudn/2009/971",
  "legislation_title": "Commission Decision of 12 May 2009 on State aid which Germany proposes to grant towards the restructuring of WestLB AG (C 43/08 (ex N 390/08)) (notified under document C(2009)3900) (Only the German text is authentic) (Text with EEA relevance) (2009/971/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2009-971",
  "path": "annex/division/1/division/4.5",
  "kind": "division",
  "number": "4.5",
  "heading": null,
  "text": "In the capital markets, wholesale banking and structured financing business area, the following restrictions are to apply to capital market business pending the sale:\n(a) The volume of capital market business is not to exceed EUR [70–100] billion in the 2009 balance sheet, by 31 December 2009, EUR [60–90] billion in 2010, by 31 December 2010, and EUR [50–80] billion in 2011, by 31 December 2011.\n(b) The risk-weighted assets attributable to capital market business may not exceed EUR [10–25] billion on 31 December 2009, EUR [5–25] billion on 31 December 2010, and EUR [5–25] billion on 31 December 2011.\n(c) WestLB is to cease trading for its own account. This includes relative value and arbitrage transactions. Trading activities for clients’ accounts and generally accepted trading activities to manage the balance sheet total continue to be admissible.\n(d) Operative capital market trading is restricted to the locations in Düsseldorf, New York, Hong Kong and London.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2009/971/annex/division/1/division/4.5",
    "retrieved_at": "2026-11-01T15:16:17.507762+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}