Updated 05/02/2025
In force

Version from: 08/07/2016
Amendments
Search within this legal act

Article 72 - Delegated Regulation 2016/1075

Article 72

Communication of the joint decision and summary of the group resolution plan to the Union parent undertaking

1.  
The group-level resolution authority shall communicate the joint decision and a summary of the key elements of the group resolution plan, including the resolvability assessment, to the management body of the Union parent undertaking in a timely manner and in any event by the time limit specified in the joint decision timetable pursuant to Article 61(2)(m).
2.  
The group-level resolution authority shall inform the resolution authorities of subsidiaries about that communication.
3.  
The group-level resolution authority may discuss the joint decision on group resolution plan and resolvability assessment with the Union parent undertaking to explain the details of that decision.