Updated 07/09/2024
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Article 64 - Recoupment of payments

Article 64

Recoupment of payments

The resolution authority shall recover, to the largest extent possible, any reasonable expenses incurred in connection with a payment as referred to in Article 62 in any of the following ways:

(a)

from the CCP under resolution, as a preferred creditor;

(b)

from any consideration paid by the purchaser where the sale of business tool has been applied;

(c)

from any proceeds generated as a result of the termination of the bridge CCP, as a preferred creditor.