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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 131 Joint determination of minimum consolidated requirement

Omitted from 31 December 2020

(1) The Bank must endeavour within the college to determine the minimum consolidated requirement for each resolution group jointly with the group-level resolution authority [For the meaning of "group-level resolution authority" see the recovery and resolution directive, Article 2.1, point (44).] and other resolution authorities for group entities.

(2) The Bank must endeavour to make that determination within four months beginning with the date on which the group-level resolution authority gives the Bank notice of its provisional determination of the minimum consolidated requirement.

(3) The Bank may, within that period, refer any matter relating to the prospective determination of the minimum consolidated requirement to EBA in accordance with Article 19 of the EBA Regulation.

Comparing proposed amendment...