Translation of "Autres passifs " (French → English) :

(c) the need to ensure that, if the resolution plan anticipates that certain classes of eligible liabilities might be excluded from bail-in under Article 24 (5), or that certain classes of eligible liabilities might be transferred to a recipient in full under a partial transfer, that the institution and parent undertaking referred to in Article 2 has sufficient other eligible liabilities to ensure that losses could be absorbed and the Common Equity Tier 1 ratio of the institution and parent undertaking referred to in Article 2 could be restored to a level necessary to enable it to continue to comply with the conditions for authorisation and to carry on the activities for which it is authorised ...[+++] under Regulation (EU) No 575/2013.

a contribution to loss absorption and recapitalisation equal to an amount not less than 8% of the total liabilities including own funds of the institution under resolution, measured at the time of resolution action in accordance with the valuation provided for in Article 17(1) to (14) , has been made by shareholders and the holders of other instruments of ownership, the holders of relevant capital instruments and other eligible liabilities through write down, conversion or otherwise; and

Where an eligible liability or class of eligible liabilities is excluded, or partially excluded, under this paragraph , the level of write down or conversion applied to other eligible liabilities may be increased to take account of such exclusions, provided that the level of write down and conversion applied to other eligible liabilities respects the principle laid down in point (f) of Article 13(1).

6. Where an eligible liability or class of eligible liabilities is excluded or partially excluded, pursuant to paragraph 5, and the losses that would have been borne by these liabilities have not been passed on fully to other creditors, a contribution from the Fund may be made to the institution under resolution to:

6. Where an eligible liability or class of eligible liabilities is excluded or partially excluded, pursuant to paragraph 5, and the losses that would have been borne by those liabilities have not been passed on fully to other creditors, a contribution from the Fund may be made to the institution under resolution for the purposes referred to in, and in accordance with, Article 38 of Directive [BRRD] .

Where an eligible liability or class of eligible liabilities is excluded, or partially excluded, the level of write down or conversion applied to other eligible liabilities may be increased to take account of such exclusions, provided that the level of write down and conversion applied to other eligible liabilities respects the principle that no creditor shall incur greater losses than would have been incurred if the entity referred to in Article 2 had been wound up under normal insolvency proceedings .