Article 83 Procedural obligations of resolution authorities
DRAFT Point added Article 90 Amendments to Directive 2014/59/EU of the Proposal for a Directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012 (COM(2021) 582 final / 2021/0296 (COD)) (Insurance Recovery and Resolution Directive IRRD) (updated 18 June 2024 with Information Note - Proposals under the ordinary legislative procedure expected to undergo the Corrigendum Procedure in the European Parliament (part I))
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1. Member States shall ensure that, as soon as reasonably practicable after taking a resolution action, resolution authorities comply with the requirements laid down in paragraphs 2, 3 and 4.
2. The resolution authority shall notify the institution under resolution and the following authorities, if different:
(a) the competent authority for the institution under resolution;
(b) the competent authority of any branch of the institution under resolution;
(c) the central bank;
(d) the deposit guarantee scheme to which the credit institution under resolution is affiliated;
(e) the body in charge of the resolution financing arrangements;
(f) where applicable, the group-level resolution authority;
(g) the competent ministry;