Date-stamp loading
Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 28 December 2020 - onwards
  Version 3 of 3    

Regulation 82 Minimum requirement - resolution authority as group-level resolution authority.

Revoked from 28 December 2020

(1) Where the resolution authority is the group-level resolution authority, it shall determine the minimum requirement for own funds and eligible liabilities to be applied to Union parent undertakings in the State at a consolidated level, after consulting the competent authority, together with the Union resolution authorities of subsidiaries in other Member States in accordance with the procedure set out in this Regulation, after taking into account the following:

(a) the criteria set out in Regulation 81(8);

(b) whether the resolution plan anticipates that any subsidiaries of the group established in third countries are to be resolved separately to the other entities in the group.

(2) Where the resolution authority is the group-level resolution authority, it shall endeavour to reach a joint decision with the Union resolution authorities responsible for the subsidiaries in other Member States on the level of the minimum requirement to be applied to the Union parent undertaking at

Comparing proposed amendment...