{
  "url": "https://openlegislation.uk/eu-directive-2014-59",
  "json_url": "https://openlegislation.uk/eu-directive-2014-59.json",
  "id": "eudr/2014/59",
  "title": "Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (Text with EEA relevance)",
  "short_title": "Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council",
  "long_title": "Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (Text with EEA relevance)",
  "citation": "EU Directive 2014/59",
  "type": "eudr",
  "year": "2014",
  "number": "59",
  "version": "current",
  "date": "2014-05-15",
  "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-directive-2014-59/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/I",
      "kind": "title",
      "number": "I",
      "heading": "SCOPE, DEFINITIONS AND AUTHORITIES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
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      "number": "1",
      "heading": "Subject matter and scope",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Designation of authorities responsible for resolution",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "title/II",
      "kind": "title",
      "number": "II",
      "heading": "PREPARATION",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/II/chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "Recovery and resolution planning",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "title/II/chapter/I/section/1",
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      "status": null,
      "parent": "title/II/chapter/I"
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      "heading": "Simplified obligations for certain institutions",
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      "parent": "title/II/chapter/I/section/1"
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      "heading": "Recovery planning",
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      "status": null,
      "parent": "title/II/chapter/I"
    },
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      "path": "article/5",
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      "heading": "Recovery plans",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-5",
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    },
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      "path": "article/6",
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      "status": null,
      "parent": "title/II/chapter/I/section/2"
    },
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      "path": "article/7",
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      "number": "7",
      "heading": "Group recovery plans",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-7",
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      "status": null,
      "parent": "title/II/chapter/I/section/2"
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      "path": "article/8",
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      "status": null,
      "parent": "title/II/chapter/I/section/2"
    },
    {
      "path": "article/9",
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      "heading": "Recovery Plan Indicators",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-9",
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      "status": null,
      "parent": "title/II/chapter/I/section/2"
    },
    {
      "path": "title/II/chapter/I/section/3",
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      "status": null,
      "parent": "title/II/chapter/I"
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    {
      "path": "article/10",
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      "heading": "Resolution plans",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/I/section/3"
    },
    {
      "path": "article/11",
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      "number": "11",
      "heading": "Information for the purpose of resolution plans and cooperation from the institution",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-11",
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      "status": null,
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    },
    {
      "path": "article/12",
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      "number": "12",
      "heading": "Group resolution plans",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/I/section/3"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Requirement and procedure for group resolution plans",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/I/section/3"
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Transmission of resolution plans to the competent authorities",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/I/section/3"
    },
    {
      "path": "title/II/chapter/II",
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      "heading": "Resolvability",
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      "status": null,
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    {
      "path": "article/15",
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      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/16",
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      "heading": "Assessment of resolvability for groups",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-16",
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      "status": null,
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    },
    {
      "path": "article/16a",
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      "heading": "Power to prohibit certain distributions",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-16a",
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/17",
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      "heading": "Powers to address or remove impediments to resolvability",
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    },
    {
      "path": "article/18",
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      "heading": "Powers to address or remove impediments to resolvability: group treatment",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/II"
    },
    {
      "path": "title/II/chapter/III",
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      "number": "III",
      "heading": "Intra group financial support",
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      "status": null,
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    {
      "path": "article/19",
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      "heading": "Group financial support agreement",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/III"
    },
    {
      "path": "article/20",
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      "heading": "Review of proposed agreement by competent authorities and mediation",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/III"
    },
    {
      "path": "article/21",
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      "heading": "Approval of proposed agreement by shareholders",
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      "status": null,
      "parent": "title/II/chapter/III"
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      "path": "article/22",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II/chapter/III"
    },
    {
      "path": "article/23",
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      "heading": "Conditions for group financial support",
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      "status": null,
      "parent": "title/II/chapter/III"
    },
    {
      "path": "article/24",
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      "heading": "Decision to provide financial support",
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      "status": null,
      "parent": "title/II/chapter/III"
    },
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      "path": "article/25",
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      "heading": "Right of opposition of competent authorities",
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      "status": null,
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      "heading": "Disclosure",
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    },
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      "heading": "EARLY INTERVENTION",
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      "status": null,
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    },
    {
      "path": "article/28",
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      "heading": "Removal of senior management and management body",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-28",
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/29",
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      "heading": "Temporary administrator",
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    },
    {
      "path": "article/30",
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      "heading": "Coordination of early intervention measures and appointment of temporary administrator in relation to groups",
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    {
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      "heading": "RESOLUTION",
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    },
    {
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      "heading": "Objectives, conditions and general principles",
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    },
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      "heading": "Resolution objectives",
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      "status": null,
      "parent": "title/IV/chapter/I"
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    {
      "path": "article/32",
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    {
      "path": "article/32a",
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      "heading": "Conditions for resolution with regard to a central body and credit institutions permanently affiliated to a central body",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-32a",
      "extent": "E+W+S+N.I.",
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    },
    {
      "path": "article/32b",
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      "heading": "Insolvency proceedings in respect of institutions and entities that are not subject to resolution action",
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      "extent": "E+W+S+N.I.",
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    {
      "path": "article/33",
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      "heading": "Conditions for resolution with regard to financial institutions and holding companies",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/I"
    },
    {
      "path": "article/33a",
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      "heading": "Power to suspend certain obligations",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-33a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/I"
    },
    {
      "path": "article/34",
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      "number": "34",
      "heading": "General principles governing resolution",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-34",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/I"
    },
    {
      "path": "title/IV/chapter/II",
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      "heading": "Special management",
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      "path": "article/35",
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      "heading": "Special management",
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      "path": "title/IV/chapter/III",
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      "heading": "Valuation",
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      "path": "article/36",
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      "heading": "Valuation for the purposes of resolution",
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      "heading": "Resolution tools",
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      "status": null,
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      "heading": "General principles of resolution tools",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV/section/1"
    },
    {
      "path": "title/IV/chapter/IV/section/2",
      "kind": "section",
      "number": "2",
      "heading": "The sale of business tool",
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      "status": null,
      "parent": "title/IV/chapter/IV"
    },
    {
      "path": "article/38",
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      "heading": "The sale of business tool",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV/section/2"
    },
    {
      "path": "article/39",
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      "number": "39",
      "heading": "Sale of business tool: procedural requirements",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-39",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV/section/2"
    },
    {
      "path": "title/IV/chapter/IV/section/3",
      "kind": "section",
      "number": "3",
      "heading": "The bridge institution tool",
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      "status": null,
      "parent": "title/IV/chapter/IV"
    },
    {
      "path": "article/40",
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      "number": "40",
      "heading": "Bridge institution tool",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-40",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV/section/3"
    },
    {
      "path": "article/41",
      "kind": "article",
      "number": "41",
      "heading": "Operation of a bridge institution",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-41",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV/section/3"
    },
    {
      "path": "title/IV/chapter/IV/section/4",
      "kind": "section",
      "number": "4",
      "heading": "The asset separation tool",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV"
    },
    {
      "path": "article/42",
      "kind": "article",
      "number": "42",
      "heading": "Asset separation tool",
      "url": "https://openlegislation.uk/eu-directive-2014-59/article-42",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV/chapter/IV/section/4"
    },
    {
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      "extent": "E+W+S+N.I.",
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      "heading": "Rate of conversion of debt to equity",
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      "status": null,
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      "heading": "Decision of the resolution authority",
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