(1) The resolution authority shall, having consulted the competent authority and the Union resolution authorities of the jurisdictions in which a significant branch is located insofar as is relevant to the significant branch, assess the extent to which an institution which is not part of a group is resolvable without the assumption of any of the matters referred to in Regulation 17(10).
(2) An institution shall be considered resolvable where the resolution authority assesses that it is feasible and credible that the resolution authority would be capable of -
(a) either -
(i) taking resolution action in respect of the institution, or
(ii) winding up the institution under normal insolvency proceedings,
(b) avoiding to the maximum extent possible any significant adverse effect on the financial system, including in circumstances of general financial instability or adverse system-wide events within the State or other Member States or the Union, and
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