Updated 18/09/2024
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Article 13 - Critical intra-group interdependencies

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.