Agreement on the transfer and mutualisation of contributions to the Single Resolution fund

Parties with reservations, declarations and objections

Party	Reservations / Declarations	Objections
Bulgaria	Yes	No
Czech Republic	Yes	No
Denmark	Yes	No
Estonia	Yes	No
Finland	Yes	No
Germany	Yes	No
Malta	Yes	No
Romania	Yes	No
Slovakia	Yes	No

Bulgaria

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Czech Republic

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Denmark

21-05-2014

The Danish Government notes that this signing does not in itself express the intention of Denmark to subsequently ratify the inter-governmental agreement. A possible Danish ratification at a later stage will depend on the outcome of a later Danish decision with regard to participation in the Banking Union.

Estonia

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Finland

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

13-05-2015

It is the understanding of the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund, as well as the SRM Regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Germany

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Malta

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Romania

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.

Slovakia

21-05-2014

It is the understanding of the Republic of Bulgaria, the Czech Republic, the Federal Republic of Germany, the Republic of Estonia, the Republic of Malta, Romania, the Slovak Republic and the Republic of Finland that the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as a whole, in particular recitals 6 and 13 as well as articles 5 and 7, as well as the recitals and articles of the SRM regulation, are to be interpreted in a manner that they do not create any obligation of joint liability of the Contracting Parties, of amending the ESM Treaty, or in particular, of any public financial support or measures impinging on the budgetary sovereignty and fiscal responsibilities of the Contracting Parties.