{
  "url": "https://openlegislation.uk/eu-decision-2012-118/annex/division-10/division-10.1",
  "json_url": "https://openlegislation.uk/eu-decision-2012-118/annex/division-10/division-10.1.json",
  "legislation": "eudn/2012/118",
  "legislation_title": "Commission Decision of 18 July 2011 on State aid C 15/09 (ex N 196/09), which Germany implemented and is planning to implement for Hypo Real Estate (notified under document C(2011) 5157) (Only the German text is authentic) (Text with EEA relevance) (2012/118/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2012-118",
  "path": "annex/division/10/division/10.1",
  "kind": "division",
  "number": "10.1",
  "heading": "Sound, prudent business policy, taking into account the borrowing requirement of the EU economy",
  "text": "During the implementation of the restructuring plan, but until 31 December 2015 at the latest, Germany will ensure that the PBB sub-group:\n(i) pursues a prudent, sound business policy which is focused towards the principle of sustainability;\n(ii) examines the appropriateness of its internal incentive systems in the context of the legal and regulatory requirements and works towards ensuring that they do not provide any temptation to take unacceptable risks and are transparent and focused on long-term, sustainable goals; and\n(iii) takes account of the borrowing requirement of the German and EU economies through economically sustainable conditions which are customary on the market.",
  "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/2012/118/annex/division/10/division/10.1",
    "retrieved_at": "2026-11-01T15:15:31.821595+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."
}