Article 31
Assessment of feasibility: other potential impediments
The following legal issues shall be considered in assessing potential impediments to resolution:
(1)
whether requirements for regulatory approvals or authorisations necessary to deliver the resolution strategy can be met in a timely manner;
(2)
whether significant contractual documentation permits termination of contracts on entry into resolution;
(3)
whether contractual obligations which cannot be disapplied by the resolution authority prohibit any transfer of assets and/or liabilities envisaged in the resolution strategy.