{
  "url": "https://openlegislation.uk/eu-decision-2020-1183",
  "json_url": "https://openlegislation.uk/eu-decision-2020-1183.json",
  "id": "eudn/2020/1183",
  "title": "Commission Decision (EU) 2020/1183 of 25 February 2020 on State aid SA.34445 (2012/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (Only the English text is authentic) (Text with EEA relevance)",
  "short_title": "Decision (EU) 2020/1183 on State aid SA.34445 (2012/C) implemented by Denmark for the transfer of…",
  "long_title": "Commission Decision (EU) 2020/1183 of 25 February 2020 on State aid SA.34445 (2012/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (Only the English text is authentic) (Text with EEA relevance)",
  "citation": "EU Decision 2020/1183",
  "type": "eudn",
  "year": "2020",
  "number": "1183",
  "version": "current",
  "date": "2020-02-25",
  "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-2020-1183/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-2020-1183/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-2020-1183/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-2020-1183/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": "TERM SHEET (CASE SA.34445) Denmark – Restructuring plan of FIH",
      "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-2020-1183/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-2020-1183/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-2020-1183/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-2020-1183/annex/division-3/division-3.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/3"
    },
    {
      "path": "annex/division/3/division/3.3",
      "kind": "division",
      "number": "3.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-3/division-3.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/3"
    },
    {
      "path": "annex/division/4",
      "kind": "division",
      "number": "4",
      "heading": "STRUCTURAL MEASURES",
      "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": "Acquisition Finance",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/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": "Closure of the Property Finance business",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/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": "Divestiture of the Private Equity business",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/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": "Mortgage Bank",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-4/division-4.4",
      "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: FIH shall not acquire any stake in any undertaking. This applies both to undertakings which have the legal form of a company and packages of assets which form a business.",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/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-2020-1183/annex/division-5/division-5.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.3",
      "kind": "division",
      "number": "5.3",
      "heading": "Deposits: FIH will not offer more favourable prices for deposit products (notably but not exclusively for retail deposits in FIH Direct Bank) than the two best priced competitors in a given market.",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-5/division-5.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.4",
      "kind": "division",
      "number": "5.4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-5/division-5.4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.5",
      "kind": "division",
      "number": "5.5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-5/division-5.5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.6",
      "kind": "division",
      "number": "5.6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-5/division-5.6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.7",
      "kind": "division",
      "number": "5.7",
      "heading": "Restrictions on FIH Holding related to ownership: FIH Holding shall not pledge its shareholding in FIH. Related party transactions shall be on arm’s length. No decision affecting the credit-worthiness or liquidity of FIH Holding compromising its capability of paying a negative variable purchase price if required shall be taken.",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-5/division-5.7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/5/division/5.8",
      "kind": "division",
      "number": "5.8",
      "heading": "Buy Back of Hybrid Capital Instruments or other Capital Instruments:",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-5/division-5.8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/5"
    },
    {
      "path": "annex/division/6",
      "kind": "division",
      "number": "6",
      "heading": "CAPITAL RELIEF",
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/7",
      "kind": "division",
      "number": "7",
      "heading": "REPORTING",
      "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-2020-1183/annex/division-7/division-7.1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/7"
    },
    {
      "path": "annex/division/7/division/7.2",
      "kind": "division",
      "number": "7.2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-7/division-7.2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/7"
    },
    {
      "path": "annex/division/7/division/7.3",
      "kind": "division",
      "number": "7.3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-decision-2020-1183/annex/division-7/division-7.3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/7"
    }
  ],
  "outstanding_effects": [],
  "made_under": [],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/eu-decision-2020-1183/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/eu-decision-2020-1183/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/eu-decision-2020-1183/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2020/1183",
    "retrieved_at": "2026-11-01T15:12:11.534367+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."
}