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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 136 Joint determination of minimum requirements

Omitted from 31 December 2020

(1) Where the Bank endeavours to determine minimum requirements for group institutions jointly with one or more other resolution authorities under article 134(2)(c), it must endeavour to make the determination within the four month period.

(2) Where the Bank and other resolution authorities are unable within the four month period to make a joint determination of minimum requirements for group institutions, the Bank must determine the minimum requirements for UK institutions.

(3) The Bank must give the EEA parent undertaking and each UK institution written notice of the determination of the institution's minimum requirement, including a reasoned account of the determination.

Comparing proposed amendment...