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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
  Version 2 of 2    

Regulation 155 Group resolution involving a subsidiary of group.

(1) Where the resolution authority is not the group-level resolution authority and decides that -

(a) an institution, or

(b) any entity referred to in Regulation 2(1)(b) to (i),

that is a subsidiary in a group and that is authorised in the State meets the conditions referred to in Regulation 62 or 63, it shall notify the following information in writing without delay to the group-level resolution authority, to the consolidating supervisor, and to the members of the resolution college for the group in question:

(i) the decision that the institution or entity referred to in Regulation 2(1)(b) to (i) meets the conditions referred to in Regulation 62 or 63;

(ii) the resolution actions or insolvency measures that the resolution authority considers to be appropriate for that institution or entity.

(2) Where the group-level resolution authority, after consulting the other members of the resolution college, assesses that the resolution actions or other measures notified to it by the resolution

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