Article 18
Essential operations and systems
When preparing a description of the essential operations and systems in accordance with Article 12(7), point (q), of Regulation (EU) 2021/23, the resolution authority shall ensure that the resolution plans include at least the descriptions of the following elements:
|
(a) |
the essential operations and systems identified under the resolution plan; |
|
(b) |
where the identified operations and systems are materially different from the essential operations and systems identified under the recovery plan, a description of the main reasons why the resolution authority has assessed the essential operations and systems differently, any material effects due to the different assessment and how this can affect the resolvability of the CCP; |
|
(c) |
how such essential operations and systems are identified, the criteria applied, and thresholds used, to differentiate them from other operations and systems of the CCP that are not to be considered essential operations and systems. |