Article 13
Critical intra-group interdependencies
When preparing a description of the critical intra-group interdependencies in accordance with Article 12(7), point (l), of Regulation (EU) 2021/23, the resolution authority shall ensure that at least the following elements are included in the resolution plan:
(a) |
a description of the group that the CCP belongs to and a list of the group entities the CCP has links with, an assessment as to which group entities are to be considered as critical intra-group interdependencies, and a description of the intra-group dependencies identified under the resolution plan; |
(b) |
if such identified interdependencies entail any material identified differences compared to the recovery plan’s list of critical intra-group interdependencies and, where there are differences, a detailed description of the main reasons for which the resolution authority has assessed the critical intra-group interdependencies differently and any material effects due to the different assessment and how this can affect the resolvability of the CCP, if any; |
(c) |
a description of the impact of resolution actions on other business lines of critical intra-group entities and legal entities, including if resolution measures would affect other entity’s ability to continue to operate; |
(d) |
a description of how relevant intra-group entities would be able to provide financial support either pre-agreed or on a voluntary basis; |
(e) |
a description of legal enforceability or regulatory constraints that could affect the intra-group interdependencies; |
(f) |
a description of the mitigating measures related to those critical intra-group interdependencies which will ensure operational continuity in resolution, as necessary to maintain the continuity of the CCP’s critical functions. |