Paragraph 3: Provisions relating to the protection of rights in the context of a resolution procedure

I. – The collège de résolution shall ensure that no holder of equity securities referred to in Chapter II of Title I of Book II or of other ownership securities or creditor of a person referred to in I of Article L. 613-34, and the fonds de garantie des dépôts et de résolution under Article L. 613-55-5, does not incur or suffer, as a result of a measure to transfer…

I. – When it orders the transfer of part of the assets, rights and obligations of a person subject to resolution proceedings to another entity or when it implements a measure provided for in II of Article L. 613-56-3, the resolution board shall ensure, subject to the provisions of Articles L. 613-50-4, L. 613-56-2, L. 613-56-4 and L. 613-56-5, the protection of collateral agreements, netting agreements, covered bonds and structured…

The implementation of a measure for the partial transfer of the assets, rights and obligations of a person subject to resolution proceedings or of a measure pursuant to II of Article L. 613-56-3 shall not affect the proper functioning and the rules governing the systems referred to in Article L. 330-1.