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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 December 2020 - onwards
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Regulation 21 Resolution plans for institutions that are part of a group.

(1)Where the resolution authority is the group-level resolution authority it shall -

(a)together with the Union resolution authorities of subsidiaries of the group outside the State, and

(b) having consulted with the Union resolution authorities of significant branches of the group outside the State in so far as is relevant to the significant branch,

prepare the group resolution plan on the basis of information provided to it in accordance with Regulation 20.

(2) A group resolution plan shall identify measures to be taken in respect of -

(a) the Union parent undertaking,

(b) subsidiaries of the group established in the Union,

(c) entities referred to in Regulation 2(1)(c) to (i), and

(d) subject to Part 6, subsidiaries of the group established outside the Union.

(3) The group resolution plan shall, in accordance with the measures referred to in paragraph (2), identify in respect of the group -

(a) the resolution entities, and

(b)the resolution groups.

(4) In addition to the matters set

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