(1) Where the competent authority is consolidating supervisor it shall, together with the Union competent authorities of subsidiaries, after consulting the competent authorities referred to in Article 116 of the Capital Requirements Directive and with the Union competent authorities of significant branches insofar as is relevant to the significant branch, review the group recovery plan and assess the extent to which it satisfies the requirements and criteria set out in Regulations 13 and 14.
(2) The assessment referred to in paragraph (1) shall be made in accordance with the procedure established in Regulation 13 and this Regulation and shall take into account the potential impact of the recovery actions and measures on financial stability in all Member States in which the group operates.
(3) Where the competent authority is consolidating supervisor, it shall endeavour to reach a joint decision with Union competent authorities of subsidiaries on the following:
(a) the review and assess
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