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Document 62017TO0618

Order of the General Court (Eighth Chamber) of 24 September 2018.
Activa Minoristas del Popular Asociación para la tutela de los inversores minoristas afectados por la resolución, supervisión y gestión del Banco Popular v European Central Bank and Single Resolution Board.
Action for annulment — Economic and monetary policy — Adoption of a resolution scheme in respect of Banco Popular Español — Action for annulment — Association set up after the adoption of the contested measure — Lack of direct concern — Manifestly inadmissible.
Case T-618/17.

Court reports – general

Order of the General Court (Eighth Chamber) of 24 September 2018 –
Activa Minoristas del Popular v ECB and CRU

(Case T‑618/17)

(Action for annulment — Economic and monetary policy — Adoption of a resolution scheme in respect of Banco Popular Español — Action for annulment — Association set up after the adoption of the contested measure — Lack of direct concern — Manifestly inadmissible)

1. 

Actions for annulment — Natural or legal persons — Measures of direct and individual concern to them — Action brought by a trade association set up to protect and represent its members — Admissibility — Conditions

(Art. 263, fourth para., TFEU)

(see para. 19)

2. 

Actions for annulment — Natural or legal persons — Measures of direct and individual concern to them — Whether directly concerned — Criteria — Single Resolution Board decision adopting a resolution scheme in respect of a national bank — Action by an association to defend the interests of the investors concerned which was set up after the decision was adopted — Not directly concerned — Inadmissibility

(Art. 263, fourth para., TFEU; European Parliament and Council Regulation No 806/2014, Art. 18)

(see paras 24-26)

Re:

Application based on Article 263 TFEU seeking the annulment of Decision SRB/EES/2017/08 of the SRB of 7 June 2017, concerning the adoption of a resolution scheme in respect of Banco Popular Español, SA.

Operative part

1. 

The action is dismissed.

2. 

There is no longer any need to adjudicate on the applications to intervene of Banco Santander, SA, Banco Popular Español, SA, the Kingdom of Spain, the European Commission and Chavela Inmuebles, SL.

3. 

Activa Minoristas del Popular Asociación para la tutela de los inversores minoristas afectados por la resolución, supervisión y gestión del Banco Popular shall pay the costs with the exception of those relating to the applications to intervene.

4. 

Banco Santander, Banco Popular Español, the Kingdom of Spain, the Commission and Chavela Inmuebles shall bear their own costs relating to the applications to intervene.
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