Legal acts of the European Union

References to EU law, as well as international treaties concerning the issue of resolution.

EU law

• Regulations
  A ‘regulation’ is a generally binding legislative act that is directly applicable in its entirety across the EU.

Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010.

Regulation (EU) No 877/2019 of European Parliament and of the Council of 20 May amending Regulation (EU) No 806/2014 as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms

Regulation (EU) No 2033/2019 of European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulation (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) 806/2014

• Delegated and implementing acts
  These acts are not adopted by the European Parliament and the Council through the ordinary or special legislative procedure, but rather they are proposed and adopted by the Commission by means of regulations. Constituting a sub-category are regulatory and implementing technical regulations, which are proposed by the European Banking Authority (EBA) and adopted by the European Commission by means of regulations.

Overview of delegated acts concerning BRRD and SRMR 19.11.2018 .pdf [.pdf, 346.5 kB]

• Directives A ‘directive’ is legislative act that sets out a goal that all EU countries must achieve. However, it is up to the individual countries to decide how.

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.(BRRD)

Amendments to BRRD

Directive (EU) 2017/2399 of the European Parliament and of the Council of 12 December 2017 amending Directive 2014/59/EU as regards the ranking of unsecured debt instruments in insolvency hierarchy

Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC

Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amanding Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU

Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and 2014/59/EU

• Decisions A ‘decision’ is a legal act binding on those to whom it is addressed (e.g. an EU country or an individual company).

• Recommendations
  A ‘recommendation‘ is not legally binding. A recommendation allows the EU institutions to make their views known and to suggest a line of action without imposing any legal obligation on those to whom it is addressed. Opinions
  An ‘opinion‘ is not legally binding. It allows the EU institutions to make a statement in a non-binding fashion, in other words without imposing any legal obligation on those to whom it is addressed. It can be issued by the main institutions (Commission, Council, Parliament), and also by the Committee of the Regions and the European Economic and Social Committee, which give opinions on draft laws from their specific regional or economic and social viewpoint.

• Opinions
  An ‘opinion‘ is not legally binding. It allows the EU institutions to make a statement in a non-binding fashion, in other words without imposing any legal obligation on those to whom it is addressed. It can be issued by the main institutions (Commission, Council, Parliament), and also by the Committee of the Regions and the European Economic and Social Committee, which give opinions on draft laws from their specific regional or economic and social viewpoint.

Related international treaties

These are legal acts, specified in the Slovak Constitution, which Slovakia has ratified and promulgated in a manner laid down by law and which, if so stipulated by statute, constitute part of Slovak law.

Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund

Agreement on the transfer and mutualisation of contributions to the Single.pdf [.pdf, 252.7 kB]