Updated 18/09/2024
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Article 2 - Summary of key elements of the resolution plan

Article 2

Summary of key elements of the resolution plan

When preparing a summary of the key elements of the resolution plan in accordance with Article 12(7), point (a), of Regulation (EU) 2021/23, the resolution authority shall ensure that at least the following elements are included in the resolution plan:

(a)

the key elements of the resolution strategies established and the underlying main scenarios under the resolution plan, distinguishing between default events, non-default events and a combination of the two;

(b)

a short summary of the key elements of the resolution plan in relation to each of the points under Article 12(7), points (b) to (s), of Regulation (EU) 2021/23 focusing on the aspects relevant to the CCP:

(i)

key actions the CCP should be able to perform;

(ii)

data the CCP should be able to submit;

(iii)

any aspects of the plan that are likely to have a material impact on the CCP’s recovery and crisis management planning.