Table of Contents 2. The euro mortgage .................................................................................................... 304 3. A European interim or conservatory charge on property ..... 305 V. Enforcement law..............................................................................................................307 A. The acquis ..............................................................................................................................307 1. The enforcement of orders in other EU Member States .......... 307 a) Communication of national instruments and orders from one EU Member State to another ........................... 307 b) Creation of European supranational enforcement orders (supraterritoriality), of which there are three: ...................................... 308 2. Voluntary enforcement .......................................................................................... 309 a) Automatic penalties in the event of late payment ............................... 310 b) Account preservation order.............................................................................. 310 B. Outlook......................................................................................................................................310 VI. Law of businesses in difficulty ........................................................................313 A. The acquis ..............................................................................................................................313 1. Regulations No 1346/2000 of 29 May 2000 and No 2015/848 of 20 May 2015 .................................................................. 313 2. Commission Recommendation of 12 March 2014 .......................... 313 B. Outlook......................................................................................................................................314 VII. Banking law .......................................................................................................................315 A. The acquis ..............................................................................................................................315 1. Status of the establishments ............................................................................. 316 a) Conditions governing access to and the pursuit of the activity and supervision of credit institutions.......................... 316 i) Supervision of financial conglomerates ......................................................... 317 ii) Single Supervision Mechanism (SSM) within the framework of the Banking Union (1st pillar) ....................................................................... 317 b) Mechanisms for preventing and dealing with difficulties in credit institutions ........................................................... 318 i) Legal solutions ........................................................................................................ 318 ii) Administrative solutions..................................................................................... 318 387