This document outlines the obligations and procedures for CRR credit institutions regarding extraordinary contributions and payments in the event of a compensation event. It specifies the conditions under which these contributions are required, how they are calculated, and the limits on their collection. It also details the process for deferring payments if they jeopardize a credit institution's financial stability, and the determination of funds required for compensation events.
doj/DataSet10/EFTA01372628.pdf
{"key_people":["BaFin"],"document_type":"legal","key_locations":["Germany"],"document_subtype":"statutory regulation","key_organizations":["CRR credit institutions","statutory compensation scheme"],"reference_numbers":["section 26 (2)","section 11 (2)","section 14 (2)"]}