Updated 18/09/2024
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Article 22 - Communication of joint decision on and summary of resolution plan to CCP

Article 22

Communication of joint decision on and summary of resolution plan to CCP

1.   The resolution authority of the CCP shall communicate the joint decision on the resolution plan, and a summary of the key elements of the resolution plan, including of the resolvability assessment, to the management body of the CCP in a timely manner and in any event by the deadline set in the joint decision timetable for a resolution plan.

2.   The resolution authority of the CCP shall inform the resolution college members and observers about that communication.

3.   The resolution authority of the CCP shall explain the key elements of the joint decision on the resolution plan and the resolvability assessment to the CCP.