Extraordinary  procedures 

The following procedures fall under the definition of "extraordinary procedures" , pursuant to Article I.I.2 of Regulation No.2021-02 "Regulation no. 2021-02 – Regulation on extraordinary procedures of financial firms”. ", as follows:

• Suspension of administrative bodies
• Extraordinary administration
• Bank resolution
• Administrative compulsory liquidation

By Central Bank Regulation No. 2021-02, which came into force on July 16, 2021, CBSM regulated the operation of the extraordinary procedures as defined above, for those aspects not already regulated by law or those delegated by it to CBSM.

With specific regard to compulsory liquidation procedures, it is recalled that, as a result of the aforementioned effective date of CBSM Reg. 2021-02 and the provisions pursuant to Articles IV.X.1(3) and VI.II.5 of the same Regulation, all creditors, registered in the liabilities, including the separate section, of Administrative Compulsory Liquidation proceedings still in progress, who would like to receive by e-mail an annual communication containing the situation of the accounts and the financial account of the same Proceedings, must SEND A SPECIFIC REQUEST directed to the Liquidating Commissioner(s) (the contact details of each Proceeding can be found at the following link).

This request must be submitted by the creditors, registered in the liabilities, including the separate section, in good time with respect to the deadline of January 31 of each year, communicating the e-mail address to which the Liquidation must send the annual disclosure, when such address had already been previously communicated by the creditors for other purposes.

For each creditor, the disclosure will then take effect from the first annual deadline (January 31) following the sending of the specific request referred to above.