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🔗 Back to Summary. 🇫🇷 French Version: 2012R0236_FR.19. Open the PDF. Direct link to EUR-LEX.
Article 18 – Notification and disclosure in exceptional circumstances ⬅️ | ➡️ Article 20 – Restrictions on short selling and similar transactions in exceptional circumstances
Article 19 - Notification by lenders in exceptional circumstances
1.
Subject to Article 22, a competent authority may take the measure referred to in paragraph 2 of this Article where:
(a)
there are adverse events or developments which constitute a serious threat to financial stability or to market confidence in the Member State concerned or in one or more other Member States; and
(b)
the measure is necessary to address the threat and will not have a detrimental effect on the efficiency of financial markets which is disproportionate to its benefits.
2.
A competent authority may require natural or legal persons engaged in the lending of a specific financial instrument or class of financial instruments to notify any significant change in the fees requested for such lending.