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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 9 April 2024 - onwards
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Regulation 80J Procedure for determining the minimum requirement for own funds and eligible liabilities.

(1) The resolution authority, where it is the resolution authority of the resolution entity, shall endeavour to reach a joint decision, with the group-level resolution authority (where different from the first mentioned resolution authority) and, where it is responsible for the subsidiaries of a resolution group that are subject to the requirement referred to in Regulation 80H on an individual basis, with other such relevant authorities, on -

(a) the amount of the requirement applied at the consolidated resolution group level for each resolution entity, and

(b) the amount of the requirement applied on an individual basis to each entity of a resolution group which is not a resolution entity.

(2) The joint decision referred to in paragraph (1) shall ensure compliance with Regulations 80G and 80H and shall be fully reasoned and provided by the resolution authority to -

(a) the resolution entity, where the resolution authority is the resolution authority of that entity,

(b) any entity of a

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