1.   The resolution authority of the CCP shall prepare a draft report on material impediments to resolvability in accordance with Article 16(1) of Regulation (EU) 2021/23 and shall transmit it to the competent authority of the CCP and to ESMA.

2.   Comments and views received on the draft report shall be considered by the resolution authority of the CCP for the purposes of the finalisation of the report.

3.   Upon finalisation, the report shall be provided to the CCP and to the resolution college.

4.   The resolution authority of the CCP shall communicate to the resolution college the start of the four-month period pursuant to Article 16(3) of Regulation (EU) 2021/23 for the CCP to propose measures to address material impediments to resolvability.