{
  "url": "https://openlegislation.uk/eu-decision-2010-606",
  "json_url": "https://openlegislation.uk/eu-decision-2010-606.json",
  "id": "eudn/2010/606",
  "title": "Commission Decision of 26 February 2010 on State aid C 9/09 (ex NN 49/08, NN 50/08 and NN 45/08) implemented by the Kingdom of Belgium, the French Republic and the Grand Duchy of Luxembourg for Dexia SA (notified under document C(2010) 1180) (Only the French text is authentic) (Text with EEA relevance) (2010/606/EU)",
  "short_title": "Commission Decision of 26 February 2010 on State aid C 9/09 (ex NN 49/08, NN 50/08 and NN 45/08) implemented by the Kingdom of Belgium, the French Republic and the Grand Duchy of Luxembourg for Dexia SA (notified under document C(2010) 1180) (Only the French text is authentic) (2010/606/EU)",
  "long_title": "Commission Decision of 26 February 2010 on State aid C 9/09 (ex NN 49/08, NN 50/08 and NN 45/08) implemented by the Kingdom of Belgium, the French Republic and the Grand Duchy of Luxembourg for Dexia SA (notified under document C(2010) 1180) (Only the French text is authentic) (Text with EEA relevance) (2010/606/EU)",
  "citation": "EU Decision 2010/606",
  "type": "eudn",
  "year": "2010",
  "number": "606",
  "version": "current",
  "date": "2010-02-26",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-decision-2010-606/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-decision-2010-606/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/I",
      "kind": "annex",
      "number": "I",
      "heading": "COMMITMENTS OF THE MEMBER STATES CONCERNED NOTIFIED TO THE COMMISSION ON 9 FEBRUARY 2010",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/I/division/1",
      "kind": "division",
      "number": null,
      "heading": "Behavioural commitments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/1/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/2",
      "kind": "division",
      "number": "2",
      "heading": "Until 31 December 2011, Dexia SA and the subsidiaries over which it exercises exclusive or joint control (‘Dexia’) shall not make any acquisition of more than 5 % of the share capital of other credit institutions or investment firms (within the meaning of Directive 2004/39/EC of 21 April 2004 on markets in financial instruments) or insurance companies, unless authorised to do so by the Commission.",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/4",
      "kind": "division",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/5",
      "kind": "division",
      "number": "5",
      "heading": "Dexia shall reduce the proportion of short-term funding in its balance sheet and shall lengthen the average maturity of its long-term funding. Compliance with this commitment shall be assessed overall by means of three quantitative indicators. In this context:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/6",
      "kind": "division",
      "number": "6",
      "heading": "Until 31 October 2014, Dexia:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/7",
      "kind": "division",
      "number": "7",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/8",
      "kind": "division",
      "number": "8",
      "heading": "Dexia shall limit the amount of:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/9",
      "kind": "division",
      "number": "9",
      "heading": "Moreover, without prejudice to the operations which Dexia may be legally required to carry out, or the operations which it may be required to carry out by virtue of contracts concluded before 1 February 2010, relating to hybrid Tier 1 or Tier 2 instruments, Dexia shall refrain until 31 December 2011 from:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/10",
      "kind": "division",
      "number": "10",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/1/division/11",
      "kind": "division",
      "number": "11",
      "heading": "In accordance with the restructuring plan submitted on 17 December 2009, Dexia:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-1/division-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/1"
    },
    {
      "path": "annex/I/division/2",
      "kind": "division",
      "number": null,
      "heading": "Funding guarantee",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/2/division/12",
      "kind": "division",
      "number": "12",
      "heading": "Dexia’s recourse to the funding guarantee, as extended by the addendum of 14 October 2009 (‘the Guarantee’) shall be limited under the following conditions:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-2/division-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/2"
    },
    {
      "path": "annex/I/division/3",
      "kind": "division",
      "number": null,
      "heading": "Divestments and run-offs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/3/division/13",
      "kind": "division",
      "number": "13",
      "heading": "Dexia shall undertake the divestments of the assets according to the list and schedule set out below:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-3/division-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/3"
    },
    {
      "path": "annex/I/division/3/division/14",
      "kind": "division",
      "number": "14",
      "heading": "The divestments of assets described under point 13 above, and the amortisation of Dexia’s assets and liabilities shall lead to the following results:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-3/division-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/3"
    },
    {
      "path": "annex/I/division/4",
      "kind": "division",
      "number": null,
      "heading": "Agent responsible for the sale",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/4/division/15",
      "kind": "division",
      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-4/division-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/4"
    },
    {
      "path": "annex/I/division/5",
      "kind": "division",
      "number": null,
      "heading": "Implementation",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/5/division/16",
      "kind": "division",
      "number": "16",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-5/division-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/5"
    },
    {
      "path": "annex/I/division/5/division/17",
      "kind": "division",
      "number": "17",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-5/division-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/5"
    },
    {
      "path": "annex/I/division/5/division/18",
      "kind": "division",
      "number": "18",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-5/division-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/5"
    },
    {
      "path": "annex/I/division/5/division/19",
      "kind": "division",
      "number": "19",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-5/division-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/5"
    },
    {
      "path": "annex/I/division/6",
      "kind": "division",
      "number": null,
      "heading": "Revision of the commitments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/6/division/20",
      "kind": "division",
      "number": "20",
      "heading": "On the basis of a duly substantiated request by France, Belgium and Luxembourg, the Commission may:",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-6/division-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/6"
    },
    {
      "path": "annex/I/division/6/division/21",
      "kind": "division",
      "number": "21",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-6/division-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/6"
    },
    {
      "path": "annex/I/division/7",
      "kind": "division",
      "number": null,
      "heading": "Competition and transparency regarding the bank loans of the local authorities",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I"
    },
    {
      "path": "annex/I/division/7/division/22",
      "kind": "division",
      "number": "22",
      "heading": "With a view to boosting competition and transparency still further regarding local authorities’ bank loans, France undertakes to ensure that the local authorities develop their competitive procurement practices when procuring money or capital.",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-7/division-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/7"
    },
    {
      "path": "annex/I/division/7/division/23",
      "kind": "division",
      "number": "23",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-I/division-7/division-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/I/division/7"
    },
    {
      "path": "annex/II",
      "kind": "annex",
      "number": "II",
      "heading": null,
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/II/division/1",
      "kind": "division",
      "number": "1",
      "heading": "Trend in the size of the balance sheet for the Core Division and Non-Core activities, including intra-division financing",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-II/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/2",
      "kind": "division",
      "number": "2",
      "heading": "Total size of the group’s consolidated balance sheet",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-II/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/3",
      "kind": "division",
      "number": "3",
      "heading": "Definition of RAROC under point 3(a) of the commitments",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-II/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/4",
      "kind": "division",
      "number": "4",
      "heading": "Definition of the group’s short-term funding covered in point 5(a) of the commitments",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-II/division-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    },
    {
      "path": "annex/II/division/5",
      "kind": "division",
      "number": "5",
      "heading": "Definition of the group’s liabilities covered in point 5(b) of the commitments",
      "url": "https://openlegislation.uk/eu-decision-2010-606/annex-II/division-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/II"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2010/606",
    "retrieved_at": "2026-10-31T18:04:56.990663+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."
}