Article 54
Tasks
1.
The Board, in its executive session, shall:
(a)
prepare all of the decisions to be adopted by the Board in its plenary session;
(b)
take all of the decisions to implement this Regulation, unless this Regulation provides otherwise.
2.
In exercising its duties pursuant to paragraph 1 of this Article, the Board shall:
(a)
prepare, assess and approve resolution plans for entities and groups referred to in Article 7(2), and for the entities and groups referred to in Article 7(4)(b) and (5), where the conditions for the application of those paragraphs are met, in accordance with Articles 8, 10 and 11;
(b)
(c)
determine the minimum requirement for own funds and eligible liabilities that entities and groups referred to in Article 7(2), and entities and groups referred to in Article 7(4)(b) and (5), where the conditions for the application of those paragraphs are met, need to meet at all times in accordance with Article 12;
(d)
provide the Commission, as early as possible, with a resolution scheme in accordance with Article 18 accompanied by all relevant information allowing in due time the Commission to assess and decide or, where appropriate, propose a decision to the Council, pursuant to Article 18(7);
(e)
decide upon the Board's part II of the budget on the Fund, in accordance with Article 60.
3.
Where necessary because of urgency, the Board in its executive session may take certain provisional decisions on behalf of the Board in its plenary session, in particular on administrative management matters, including budgetary matters.
4.
The Board in its executive session shall keep the Board in its plenary session informed of the decisions it takes on resolution.