(1) The resolution authority may, subject to Regulation 9(2), make a proposed resolution order in relation to a financial institution referred to in Regulation 2(1)(b) where the conditions set out in Regulation 62(1) are met with regard to -
(a) the financial institution concerned, and
(b) the parent undertaking subject to consolidated supervision.
(2) The resolution authority shall, subject to Regulation 9(2), make a proposed resolution order in relation to an entity referred to in Regulation 2(1)(c) to (i) where the conditions set out in Regulation 62(1) (a), (b) and (c) are met with regard to that entity.
(3)Where any subsidiary institutions of a mixed-activity holding company are held directly or indirectly by an intermediate financial holding company -
(a) the resolution plan shall provide that the intermediate financial holding company is identified as a resolution entity, and
(b) the resolution authority -
(i) shall only make a proposed resolution order for the purposes of grou