1.   The reasonable timeframe referred to in Article 55(2), third subparagraph, of Directive 2014/59/EU shall be three months from the day the resolution authority receives the notification referred to in Article 55(2), first subparagraph, of that Directive.

2.   Where the notification referred to in Article 55(2), first subparagraph, of Directive 2014/59/EU is incomplete, the resolution authority shall indicate to the notifying institution or entity which information is missing. The timeframe referred to in paragraph 1 of this Article shall start when all missing information has been submitted.

3.   Until 6 October 2022, where the notification is complex, the resolution authority may extend the timeframe referred to in paragraph 1 by six months.

As from 7 October 2022, where the notification is complex, the resolution authority may extend the timeframe referred to in paragraph 1 by three months.

4.   The resolution authority shall inform the notifying institution or entity of the extension and of the reasons for it.