Article 102
Process of the joint decision on the group resolution scheme
The process to reach a joint decision on the group resolution scheme proposed under Article 91(4) or Article 92(1) of Directive 2014/59/EU shall comprise the following steps to be implemented:
(1)
preparation of the draft group resolution scheme by the group-level resolution authority and communication to the resolution college members;
(2)
consultation on the draft group resolution scheme at least among the resolution authorities of the entities covered by the group resolution scheme;
(3)
preparation and communication of the joint decision on the group resolution scheme, by the group-level resolution authority to the resolution authorities of the subsidiaries covered by the group resolution scheme;
(4)
finalisation of the joint decision on the group resolution scheme pursuant to Article 91(7) or of Article 92(3) of Directive 2014/59/EU;
(5)
communication of the outcome of the joint decision to the resolution college members.