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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 24 Assessment of group resolution plan.

(1) Where the resolution authority is a group-level resolution authority, the group resolution plan shall be adopted by a joint decision of the resolution authority and Union resolution authorities of subsidiaries in other Member States.

(1A) Where a group is composed of more than one resolution group, the planning of the resolution actions referred to in subparagraph (b) of Regulation 21(4) shall be included in a joint decision referred to in paragraph (1).

(2) The resolution authority shall endeavour to reach a joint decision on a group resolution plan within 4 months of the date of transmission of the information, referred to in Regulation 22(1).

(3) The resolution authority, whether in its role as group-level resolution authority or resolution authority for a subsidiary, may request the European Banking Authority to assist in reaching a joint decision in accordance with Article 19 of Regulation (EU) No 1093/2010 but the resolution authority shall not refer the matter to that other

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