Updated 07/09/2024
In force

Version from: 13/05/2024
Amendments
There is currently no Level 2 legal act based on or specifying Article 60.
Search within this legal act

Article 60 - Part II of the budget on the Fund

Article 60

Part II of the budget on the Fund

1.  

The revenues of Part II of the budget shall consist, in particular, of the following:

(a) 

contributions paid by institutions established in the participating Member States in accordance with Article 67(4) and Articles 69, 70 and 71;

(b) 

loans received from other resolution financing arrangements in non-participating Member States in accordance with Article 72(1);

(c) 

loans received from financial institutions or other third parties in accordance with Articles 73 and 74;

(d) 

returns on the investments of the amounts held in the Fund in accordance with Article 75;

(e) 

any part of the expenses incurred for the purposes indicated in Article 76 which are recovered in the resolution proceedings.

2.  

The expenditure of Part II of the budget shall consist of the following:

(a) 

expenses for the purposes indicated in Article 76;

(b) 

investments in accordance with Article 75;

(c) 

interest paid on loans received from other resolution financing arrangements in non-participating Member States in accordance with Article 72(1);

(d) 

interest paid on loans received from financial institutions or other third parties in accordance with Articles 73 and 74.