Legal framework
The Fund for Orderly Bank Restructuring has legal personality and full public and private capacity to implement its objectives.
The Fund for Orderly Bank Restructuring will carry out its activities under the legal system contained in the Royal Decree-Law 9/2009 and provisions to be passed implementing it and the system applicable to the Deposit Guarantee Fund of Credit Institutions.
It will not be subject to:
- The provisions of Law 6/1997, of 14 April, on the Organization and Operation of the General State Administration
- The rules governing the budgetary, economic-financial and accounting system and the system for the contracting and control of public bodies that are attached or related to the General State Administration apply to it, except in relation to external auditing by the Court of Auditors
- Law 33/2003, of 3 November, Public Property Law