What changed between the draft committee report of 3 Oct 2023 and the draft committee report of 10 Mar 2026

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 24 a (new), Article 28 – paragraph 1 – subparagraph 1 – introductory part: (24a) in Article 28(1), the introductory part of the first subparagraph is replaced by the following: / "The Board shall closely monitor the execution of the resolution scheme by the national resolution authorities and the implementation of instructions referred to in this Regulation. For that purpose, the national resolution authorities shall:"

Removed:(806/2014)

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 25 – point b, Article 30 – paragraph 2c: 2c. The designated authorities referred to in Article 2(1), point (18), of Directive 2014/49/EU shall cooperate closely with the Board. Both parties shall provide each other with all information necessary to the performance of their respective tasks.

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 25 – point b a (new), Article 30 – paragraph 4: (ba) paragraph 4 is replaced by the following: / "4. For the purposes of this Regulation, Chair of the Board shall participate as an observer in the Supervisory Board of the ECB established in accordance with Article 19 of Regulation (EU) No 1024/2013. Where deemed to be appropriate the Board may appoint another representative to replace the Chair for that purpose."

Removed:(806/2014)

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 31 a (new), Article 50 – paragraph 1 – point q a (new): (31a) in Article 50(1), the following point is added: / ‘(qa) approve guidelines, general instructions, policies or guidance notes establishing resolution policies, practices or resolution methodologies to be applied within the Single Resolution Mechanism;’

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 34 – point b, Article 56 – paragraph 5 – subparagraph 1: The term of office of the Chair, of the Vice-Chair and of the members referred to in Article 43(1), point (b), shall be five years. The term may be extended once, by a maximum of two years.

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 34 – point b, Article 56 – paragraph 5 – subparagraph 2: A person who has served as the Chair, the Vice-Chair or a member referred to in Article 43(1), point (b), shall not be eligible for appointment to any of the other two positions;

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 34 – point d, Article 56 – paragraph 6a – subparagraph 1: In the 9 months preceding the end of the first term of office of the Chair, of the Vice-Chair and of the members referred to in Article 43(1), point (b), the Commission shall evaluate the results achieved and shall decide whether to put forward a proposal for extending the term based on the results of that evaluation.

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 34 – point d, Article 56 – paragraph 6a – subparagraph 2: The Council, acting on a proposal from the Commission and following approval by the European Parliament, shall adopt an implementing decision to extend the term of office of the Chair, of the Vice-Chair and of the members referred to in Article 43(1), point (b). The Council shall act by qualified majority.

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 35 a (new), Article 62 – paragraph 3: (35a) in Article 62, paragraph 3 is replaced by the following: / "3. The responsibility for adopting internal control standards and putting in place internal control systems and procedures suitable for performing the tasks of the internal auditor shall lie with the Board in its plenary session."

Removed:(806/2014)

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 37 – point a, Article 70 – paragraph 3: 3. The available financial means to be taken into account in order to reach the target level specified in Article 69 may include irrevocable payment commitments which are fully backed by collateral of low-risk assets unencumbered by any third-party rights, at the free disposal of and earmarked for the exclusive use by the Board for the purposes specified in Article 76(1). The share of those irrevocable payment commitments shall not exceed 30 % of the total amount of contributions raised in accordance with this Article. Within that limit, the Board shall determine annually the share of irrevocable payment commitments in the total amount of contributions to be raised in accordance with this Article.

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 40 – point a a (new), Article 76 – paragraph 3 a (new): (aa) the following paragraph is inserted: / “3a. The Fund may provide support to national deposit guarantee schemes, in accordance with Article 79a, in order to ensure that those schemes have access to financial resources that satisfy the needs of an intervention in the context of a resolution action.”

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 41 – point a, Article 79 – paragraph 2: 2. The Board, in close cooperation with the deposit guarantee scheme, shall determine the amount of the contribution of the deposit guarantee scheme in accordance with paragraph 1, and where necessary the designated authority within the meaning of Article 2(1), point (18), of Directive 2014/49/EU, on the estimated cost of repaying depositors pursuant to Article 11e of Directive 2014/49/EU and in compliance with the conditions referred to in Article 20 of this Regulation.

Removed:Regulation (EU) No 806/2014

Removed:Article 1 – paragraph 1 – point 41 a (new), Article 79 a (new): (41a) the following article is inserted: / 'Article 79a / Safeguarding the financial capacity of deposit guarantee schemes / 1. Where the intervention of a deposit guarantee scheme is necessary in the context of a resolution but its available financial means are insufficient to achieve the purposes of its intervention, the deposit guarantee scheme may request support from the Board. / 2. The request shall include all relevant information, including: / (i) the shortfall of the deposit guarantee scheme for the purposes of the specific intervention in the resolution; / (ii) the conditions offered to the deposit guarantee scheme in other alternative funding arrangements; / (iii) the expected length of the requested support. / 3. Upon receiving the request referred to in paragraph 1, the Board may decide to establish temporary liquidity support to the requesting deposit guarantee scheme, through the provision of a guarantee by the Single Resolution Fund. / 4. The Board in its executive session, after consulting with the Board in its plenary session, shall provide the guarantee to the deposit guarantee scheme and the terms applicable to its provision. / 5. The guarantee shall be used by the deposit guarantee scheme as collateral for alternative funding arrangements as referred to in Article 10(9) of Directive 2014/49/EU, thus ensuring access to markets in more favourable conditions.'

Removed:Article 2 – paragraph 2: It shall apply from … [OP please insert the date = 12 months from the date of entry into force of this amending Regulation].