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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 212 Application of Chapter 7

Omitted from 31 December 2020

This Chapter applies where, in relation to a relevant group -

(a) the EEA parent undertaking is set up in another EEA State;

(b) the Bank receives a notice from the resolution authority for the EEA parent undertaking ("the notifying authority") -

(i) communicating its decision that the EEA parent undertaking meets the conditions for resolution; and

(ii) proposing measures for taking resolution action or insolvency proceedings in respect of that undertaking; and

(c) the notified measures include the implementation of a group resolution scheme adopted for the relevant group.

Comparing proposed amendment...