Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 December 2020 - onwards
  Version 3 of 3    

Regulation 18 Contents of resolution plan.

(1) Without prejudice to Regulation 10, a resolution plan shall set out options for applying the resolution tools and resolution powers to the institution concerned.

(2) A resolution plan drawn up under Regulation 17 shall include the following, which shall be quantified whenever appropriate and possible:

(a) a summary of the key elements of the plan;

(b) a summary of any material changes to the institution that have occurred since the most recent resolution information was provided to the resolution authority by the institution pursuant to Regulation 20;

(c) a demonstration of how any critical functions and core business lines could be legally and economically separated, to the extent necessary, from other functions so as to ensure continuity upon the failure of the institution;

(d) an estimation of the timeframe for executing each material aspect of the plan;

(e) a detailed description of the assessment of resolvability carried out in accordance with Regulations 17(5) and 26;

(f) a d

Comparing proposed amendment...