Date-stamp loading
Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
  Version 3 of 3    

Article 201 Joint decision on adoption of group resolution scheme

Omitted from 31 December 2020

(1) The Bank must endeavour to reach a joint decision on the adoption of a group resolution scheme with the other resolution authorities which are members of the college.

(2) Where the Bank and another resolution authority ("authority A") are unable to reach a joint decision on the adoption of a group resolution scheme, the Bank must -

(a) decide the contents and details of a group resolution scheme for part of the relevant group, which it may do 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 on the contents and details of the scheme takes account of views and reservations of authority A; and

(ii) every group entity for which authority A is the resolution authority is excluded from the scope of the scheme.

(3) Where another resolution authority (apart from authority A) notifies the Bank that it does not wish to adopt a group resolution scheme for part of the relevant group, the Bank mu

Comparing proposed amendment...