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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 72 Joint decision on impediments to group resolvability and remedial measures

Omitted from 31 December 2020

(1) The Bank must endeavour to reach a joint decision on the matters referred to in article 71(4) in accordance with the following time limits -

(a) if the EEA parent undertaking submits observations or an alternative proposal under article 71(1), within four months beginning with the date on which the observations or proposal are submitted;

(b) if the EEA parent undertaking does not submit observations or an alternative proposal under article 71(1), within one month beginning with the end of the period referred to in that provision.

(2) Where the Bank and another resolution authority ("authority A") are unable to reach a joint decision on a relevant matter within the period referred to in paragraph (1) ("the period for joint decision"), the Bank must -

(a) decide the matter, either alone or jointly with any resolution authority with which it is able to reach a joint decision; and

(b) ensure that -

(i) the decision takes account of the views and reservations of authority A; and

(i

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