Convention On The Transfer Of Contributions On The Single Settlement Fund And About Sharing These Posts

Original Language Title: Übereinkommen über die Übertragung von Beiträgen auf den Einheitlichen Abwicklungsfonds und über die gemeinsame Nutzung dieser Beiträge

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Convention on the transfer of contributions to the Single Resolution Fund and on the sharing of such contributions

[Conventions in German language version see annexes]

[Conventions in English language version see annexes]

The instrument of ratification signed by the Federal President and countersigned by the Federal Chancellor was deposited with the Secretary-General of the Council of the European Union on 17 November 2015; according to the note by the Secretary-General, the latter shall accede to the Convention in accordance with Article 11 (2) of the Convention for Austria with 1. Jänner 2016 in force.

According to the Communications of the Secretary-General of the Council of the European Union, the following other states have ratified, approved or accepted the Convention:

Belgium, Germany, Estonia, Finland, France, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Portugal, Slovenia, Slovakia, Spain, Cyprus.

On the occasion of the signing of the Convention, the following States shall: 1 , which is reproduced here in part:

" It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland, that the Convention on the transfer of contributions to the Single Bank Resolution Fund and the sharing of such contributions in its entirety, in particular recitals 6 and 13, as well as the provisions of Articles 5 and 7, as well as the recitals and provisions of the SRM regulation must be interpreted as not to accept any joint liability of the Contracting Parties, not to require any modification of the ESM Treaty and, in particular, to provide public financial assistance or measures relating to the budgetary sovereignty or financial obligations of the parties to the ESM effect. "

This declaration was confirmed on the occasion of the notification by Finland of the ratification of the Convention.