{
  "url": "https://openlegislation.uk/eu-decision-2017-1959",
  "json_url": "https://openlegislation.uk/eu-decision-2017-1959.json",
  "id": "eudn/2017/1959",
  "title": "Commission Decision (EU) 2017/1959 of 18 July 2017 on the State aid SA.34720 — 2015/C (ex 2013/N) implemented by Denmark Aid for the restructuring of Vestjysk Bank (notified under document C(2017) 4990) (Only the English text is authentic) (Text with EEA relevance)",
  "short_title": "Decision (EU) 2017/1959 on the State aid SA.34720 — 2015/C (ex 2013/N) implemented by Denmark Aid for the…",
  "long_title": "Commission Decision (EU) 2017/1959 of 18 July 2017 on the State aid SA.34720 — 2015/C (ex 2013/N) implemented by Denmark Aid for the restructuring of Vestjysk Bank (notified under document C(2017) 4990) (Only the English text is authentic) (Text with EEA relevance)",
  "citation": "EU Decision 2017/1959",
  "type": "eudn",
  "year": "2017",
  "number": "1959",
  "version": "current",
  "date": "2017-07-18",
  "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-2017-1959/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-2017-1959/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-2017-1959/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": "TERM SHEET (CASE SA.34720) DENMARK — RESTRUCTURING PLAN OF VESTJYSK BANK",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/division/1",
      "kind": "division",
      "number": "1",
      "heading": "BACKGROUND",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/2",
      "kind": "division",
      "number": "2",
      "heading": "DEFINITIONS",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/3",
      "kind": "division",
      "number": "3",
      "heading": "GENERAL",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/3/division/3.1",
      "kind": "division",
      "number": "3.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-3/division-3.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/3"
    },
    {
      "path": "annex/division/3/division/3.2",
      "kind": "division",
      "number": "3.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-3/division-3.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/3"
    },
    {
      "path": "annex/division/4",
      "kind": "division",
      "number": "4",
      "heading": "RESTRUCTURING OF VESTJYSK: CAPITALISATION AND REBALANCING OF THE LOAN BOOK",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/4/division/4.1",
      "kind": "division",
      "number": "4.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/4/division/4.2",
      "kind": "division",
      "number": "4.2",
      "heading": "Vestjysk shall throughout the Restructuring Period comply with the following liquidity requirements:",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/4/division/4.3",
      "kind": "division",
      "number": "4.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/4/division/4.4",
      "kind": "division",
      "number": "4.4",
      "heading": "Vestjysk shall rebalance its lending in the Restructuring Period as follows:",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/4/division/4.5",
      "kind": "division",
      "number": "4.5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/4/division/4.6",
      "kind": "division",
      "number": "4.6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/4/division/4.7",
      "kind": "division",
      "number": "4.7",
      "heading": "Large exposures:",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-4/division-4.7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/4"
    },
    {
      "path": "annex/division/5",
      "kind": "division",
      "number": "5",
      "heading": "BEHAVIOURAL MEASURES AND CORPORATE GOVERNANCE",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/5/division/5.1",
      "kind": "division",
      "number": "5.1",
      "heading": "Ban on acquisitions: Vestjysk shall not acquire any stake in any undertaking, be it an asset or share transfer. That ban on acquisitions covers both undertakings which have the legal form of a company and any package of assets which forms a business.",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-5/division-5.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.2",
      "kind": "division",
      "number": "5.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-5/division-5.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/6",
      "kind": "division",
      "number": "6",
      "heading": "RESTRUCTURING VESTJYSK BANK'S RISK MANAGEMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/6/division/6.1",
      "kind": "division",
      "number": "6.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-6/division-6.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/6"
    },
    {
      "path": "annex/division/6/division/6.2",
      "kind": "division",
      "number": "6.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-6/division-6.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/6"
    },
    {
      "path": "annex/division/7",
      "kind": "division",
      "number": "7",
      "heading": "REPAYMENT OF THE STATE",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/7/division/7.1",
      "kind": "division",
      "number": "7.1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-7/division-7.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/7"
    },
    {
      "path": "annex/division/8",
      "kind": "division",
      "number": "8",
      "heading": "COMMITMENTS ON CREDIT AND PRICING POLICIES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/8/division/8.1",
      "kind": "division",
      "number": "8.1",
      "heading": "Vestjysk will:",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-8/division-8.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/8"
    },
    {
      "path": "annex/division/9",
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      "number": "9",
      "heading": "ADJUSTMENT MECHANISM",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
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      "path": "annex/division/9/division/9.1",
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    },
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      "path": "annex/division/10",
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      "number": "10",
      "heading": "REPORTING",
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      "status": null,
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      "path": "annex/division/10/division/10.1",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-10/division-10.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/10"
    },
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      "path": "annex/division/10/division/10.2",
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      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-10/division-10.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/10"
    },
    {
      "path": "annex/division/11",
      "kind": "division",
      "number": "11",
      "heading": "MONITORING TRUSTEE",
      "url": null,
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      "status": null,
      "parent": "annex"
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    {
      "path": "annex/division/11/division/11.1",
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      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-11.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11"
    },
    {
      "path": "annex/division/11/division/11.2",
      "kind": "division",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-11.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11"
    },
    {
      "path": "annex/division/11/division/11.3",
      "kind": "division",
      "number": "11.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-11.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11"
    },
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      "path": "annex/division/11/division/4",
      "kind": "division",
      "number": null,
      "heading": "Appointment Of The Monitoring Trustee",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11"
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    {
      "path": "annex/division/11/division/4/division/11.4",
      "kind": "division",
      "number": "11.4",
      "heading": "No later than four weeks after the Effective Date, Denmark shall submit to the Commission for approval a list of two or more persons whom Denmark proposes to appoint as the Monitoring Trustee, with an indication of Denmark's preferred choice. The proposal shall contain sufficient information for the Commission to verify that the proposed Trustee fulfils the requirements set out above and shall include:",
      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-4/division-11.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11/division/4"
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      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-4/division-11.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11/division/4"
    },
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      "path": "annex/division/11/division/4/division/11.6",
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      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-4/division-11.6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11/division/4"
    },
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      "path": "annex/division/11/division/4/division/11.7",
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      "extent": "E+W+S+N.I.",
      "status": null,
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      "heading": "Duties and obligations of the Monitoring Trustee",
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      "status": null,
      "parent": "annex/division/11"
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      "path": "annex/division/11/division/5/division/11.8",
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      "url": "https://openlegislation.uk/eu-decision-2017-1959/annex/division-11/division-5/division-11.8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11/division/5"
    },
    {
      "path": "annex/division/11/division/5/division/11.9",
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      "heading": "The Monitoring Trustee shall:",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11/division/5"
    },
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      "path": "annex/division/11/division/6",
      "kind": "division",
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      "heading": "Duties and obligations of Denmark and the Bank",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11"
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      "path": "annex/division/11/division/6/division/11.10",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/11/division/6"
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      "heading": "Replacement, discharge and reappointment of the Trustee",
      "url": null,
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      "status": null,
      "parent": "annex/division/11"
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      "path": "annex/division/11/division/7/division/11.11",
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2017/1959",
    "retrieved_at": "2026-10-31T18:17:16.956601+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."
}