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

Read the untranslated law here: http://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2016_III_6/BGBLA_2016_III_6.html

Convention on the transfer of contributions on the single settlement fund and about sharing these posts

 

[Equipment see Convention in German language version]

[Equipment see agreement in English language version]

 

The instrument of ratification signed by the Federal President and countersigned by the Federal Chancellor was deposited on 17 November 2015 with the Secretary General of the Council of the European Union; According to the communication of the Secretary-General this Convention in accordance with article 11 paragraph 2 for Austria with 1 January 2016 into force.

After messages of the Secretary-General of the Council of the European Union, following more States have ratified the present Convention, approved or adopted:

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 have submitted an Erklärung1 which is rendered here in part:

"It is 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 in its entirety, in particular the recitals 6 and 13, as well as the provisions in articles 5 and 7 as well as the recitals and provisions of the SRM regulation interpreted to be interpreted are the Convention on the transfer of contributions on the uniform bank resolution Fund and about sharing these posts the understanding ", that they any joint liability of the parties, to any amendment to the ESM contract and in particular not to public financial support or measures obliging, which affect the sovereignty of the budgetary or financial obligations of the Contracting Parties."

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

Faymann