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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 27 Assessment of resolvability for groups.

(1) Where the resolution authority is the group-level resolution authority it shall, together with the relevant Union resolution authorities of subsidiaries of that group, assess the extent to which groups are resolvable without the assumption of any of the matters referred to in Regulation 17(10).

(2) Prior to carrying out the assessment referred to in paragraph (1), the resolution authority shall consult the following:

(a) the competent authority;

(b) the Union competent authorities of subsidiaries;

(c) Union resolution authorities of the jurisdictions in which significant branches are located insofar as is relevant to the significant branch.

(3)A group shall be considered resolvable if the resolution authority, together with the relevant Union resolution authorities of subsidiaries of the group, assesses that it is feasible and credible that the resolution authorities would be capable of -

(a) either -

(i)winding up group entities under normal insolvency proceedings, or

(ii)taking r

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