{
  "url": "https://openlegislation.uk/eu-regulation-2019-348/article-7",
  "json_url": "https://openlegislation.uk/eu-regulation-2019-348/article-7.json",
  "legislation": "eur/2019/348",
  "legislation_title": "Commission Delegated Regulation (EU) 2019/348 of 25 October 2018 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria for assessing the impact of an institution's failure on financial markets, on other institutions and on funding conditions (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2019-348",
  "path": "article/7",
  "kind": "article",
  "number": "7",
  "heading": "Assessment of credit institutions subject to an orderly winding-up process",
  "text": "Competent and resolution authorities may regard credit institutions that are subject to an orderly winding-up process as institutions the failure of which is not likely to have a significant negative effect on financial markets, other institutions or funding conditions, without the application of paragraphs 2 and 7 of Article 1 and Article 5(3), where the qualitative considerations of Article 2(1) are not satisfied at any of the following levels:\n(a) the level of the Union parent undertaking;\n(b) the level of each parent undertaking in a Member State or, where there is no parent undertaking in a Member State, the level of each stand-alone subsidiary of the group in a Member State.",
  "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/eur/2019/348/article/7",
    "retrieved_at": "2026-11-01T14:43:32.656513+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."
}