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# Article 33 — Applicable criteria on the legal impediment to the prompt transfer of own funds and repayment of liabilities

**Commission Delegated Regulation (EU) 2016/2251 · binding · OJ L 340, 15.12.2016 · dated 4 Oct 2016 [in force]**

*In force · Consolidated version of 14 February 2023 · Checked against EUR-Lex on 20 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R2251-20230214)*

A legal impediment to the prompt transfer of own funds or repayment of liabilities between the counterparties as referred to in paragraphs 5 to 10 of [Article 11](../../articles/11.md) of Regulation (EU) No 648/2012 shall be deemed to exist where there are actual or foreseen restrictions of a legal nature including any of the following:

<a id="art-33-p-a"></a>**(a)** currency and exchange controls;

<a id="art-33-p-b"></a>**(b)** a regulatory, administrative, legal or contractual framework that prevents mutual financial support or significantly affects the transfer of funds within the group;

<a id="art-33-p-c"></a>**(c)** any of the conditions on the early intervention, recovery and resolution as referred to in Directive 2014/59/EU of the European Parliament and of the Council are met, as a result of which the competent authority foresees an impediment to the prompt transfer of own funds or repayment of liabilities;

<a id="art-33-p-d"></a>**(d)** the existence of minority interests that limit decision-making power within entities that form the group;

<a id="art-33-p-e"></a>**(e)** the nature of the legal structure of the counterparty, as defined in its statutes, instruments of incorporation and internal rules.
