Article 83 | Delegated Regulation 2016/1075 | judict

Updated 18/10/2024

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BRRD Tool Delegated Regulation 2016/1075

Article 83

Article 83 - Monitoring the application of the joint decision

Article 83

Monitoring the application of the joint decision

1.

The group-level resolution authority shall communicate the outcome of the discussion, if any, referred to in Article 82(3) to the resolution authorities of subsidiaries.

2.

The resolution authorities of subsidiaries shall communicate the outcome of the discussion, if any, referred to in Article 82(4) to the group-level resolution authority.

3.

The group-level resolution authority and the resolution authorities of subsidiaries shall monitor the application of the joint decision on measures to address substantive impediments to resolvability that are relevant to each of the entities of the group for which they are respectively responsible.

Table of contents

CHAPTER I - COMMON PROVISIONS AND RECOVERY PLANS (Article 1-21)

CHAPTER II - RESOLUTION PLANS (Article 22-32)

CHAPTER III - INTRA GROUP FINANCIAL SUPPORT (Article 33-36)

CHAPTER IV - INDEPENDENCE OF VALUERS (Article 37-41)

CHAPTER V - RESOLUTION (Article 42-49)

CHAPTER VI - RESOLUTION COLLEGES (Article 50-109)

SECTION I - Operational organisation of resolution colleges (Article 50-60)

SECTION II - Group resolution planning joint decisions (Article 61-85)

Subsection 1 - Joint decision process on group resolution plan and resolvability assessment (Article 61-72)

Subsection 2 - Process in the absence of joint decision on group resolution plan and resolvability assessment (Article 73-75)

Subsection 3 - Joint decision on measures to address substantive impediments to resolvability (Article 76-83)Article 76 - Suspension of the joint decision process on the group resolution plan and resolvability assessment Article 77 - Planning of the steps of the joint decision process on measures to address substantive impediments to resolvability Article 78 - Consultation and communication of the report Article 79 - Submission of observations of the Union parent undertaking and consultation with the authorities Article 80 - Drafting the joint decision on measures to address substantive impediments to resolvability Article 81 - Reaching the joint decision Article 82 - Communication of the joint decision Article 83 - Monitoring the application of the joint decision

Subsection 4 - Process in the absence of joint decision on measures to address substantive impediments to resolvability (Article 84-85)

SECTION III - Joint decision process on minimum requirements for own funds and eligible liabilities (Article 86-96)

SECTION IV - Cross-border group resolution (Article 97-109)

CHAPTER VII - FINAL PROVISIONS (Article 110)