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Article 17 - Implementing Regulation 710/2014

Article 17

Drafting of the liquidity decisions taken in the absence of a liquidity joint decision

1.   A liquidity decision taken in the absence of liquidity joint decision shall be set out in a document that contains all of the following items:

(a)

the name of the consolidating supervisor or relevant competent authority taking the liquidity decision;

(b)

the name of the group of institutions or the institution of the group to which the liquidity decision relates and applies;

(c)

the references to the applicable Union and national law relating to the preparation, finalisation and application of liquidity decisions;

(d)

the date of the liquidity decision;

(e)

for liquidity decisions taken on a consolidated basis, the conclusion on the liquidity adequacy for the group of institutions at consolidated level;

(f)

for liquidity decisions taken on an individual basis, the conclusion on the liquidity adequacy for the relevant institution at individual level;

(g)

for liquidity decisions taken on a consolidated basis, the conclusion on measures taken to address any significant matters and material findings relating to liquidity supervision including relating to the adequacy of the organisation and the treatment of risks as required pursuant to Article 86 of Directive 2013/36/EU and relating to the need for specific liquidity requirements in accordance with Article 105 of that Directive for the group at consolidated level;

(h)

for liquidity decisions taken on an individual basis, the conclusion on measures taken to address any significant matters and material findings relating to liquidity supervision including relating to the adequacy of the organisation and the treatment of risks as required pursuant to Article 86 of Directive 2013/36/EU and relating to the need for liquidity requirements specific to the relevant institution at individual level in accordance with Article 105 of that Directive;

(i)

the reference date to which the conclusions referred to in points (e) to (h) relate;

(j)

information on any other relevant prudential or macro-prudential requirements, guidelines, recommendations or warnings;

(k)

a description of how the risk assessment, views and reservations expressed by the other relevant competent authorities or consolidating supervisor are considered, where applicable;

(l)

the timeline for the implementation of the conclusions referred to in points (g) to (h), as applicable.

2.   The liquidity decisions taken in the absence of a liquidity joint decision at individual or consolidated level shall meet the requirements set out in Articles 11(2) to (3).