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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
  Version 2 of 2    

Regulation 23 Resolution authority as group-level resolution authority.

(1) Where the resolution authority is the group-level resolution authority for a group, it shall prepare and maintain the group resolution plan for that group, acting jointly with the resolution authorities referred to in the second subparagraph of Article 13(1) of the Bank Recovery and Resolution Directive through resolution colleges.

(2) The resolution authority shall prepare and maintain the plan referred to in paragraph (1) after consulting any relevant Union competent authorities, including the Union competent authorities of the jurisdictions in which any significant branches are located.

(3) The resolution authority may, at its discretion and subject to the confidentiality requirements of Article 98 of the Bank Recovery and Resolution Directive and Regulation 162, in preparing the plan referred to in paragraph (1), also consult third-country resolution authorities of jurisdictions in which the group has established subsidiaries or financial holding companies or significant branch

Comparing proposed amendment...