Article 70 Drafting the joint decision on group resolution plan and resolvability assessment

The group-level resolution authority shall prepare a draft joint decision on the group resolution plan and resolvability assessment. The draft joint decision shall set out all of the following:

1. (1)

   the names of the group-level resolution authority and the resolution authorities of subsidiaries reaching the joint decision on the group resolution plan and resolvability assessment;

2. (2)

   the names of the resolution authorities and competent authorities consulted in the drawing up and maintenance of the group resolution plan and the performance of the resolvability assessment, in particular:

   1. (a)

      the names of the resolution authorities of significant branches and the resolution authorities of Member States where the entities referred to in Article 1(1)(c) and (d) of Directive 2014/59/EU are established;

   2. (b)

      the names of the relevant competent authorities referred to in Articles 115 and 116 of Directive 2013/36/EU;

   3. (c)

      the names of the observers where those observers were involved in the joint decision process in accordance with the terms and conditions of observers' participation as noted in the written arrangements;

3. (3)

   the name of the Union parent undertaking and the group entities covered by the group resolution plan and resolvability assessment, and to which the joint decision relates and applies;

4. (4)

   the references to the applicable Union and national law relating to the preparation, finalisation and application of the joint decision on group resolution plan and resolvability assessment;

5. (5)

   the date of the adoption of the joint decision on the group resolution plan and resolvability assessment, and of any relevant update thereof;

6. (6)

   the group resolution plan and resolvability assessment including any measures to address or remove substantive impediments to resolvability in accordance to Article 17(4), (5) and (6) and Article 18 of Directive 2014/59/EU, subject to which the joint decision is taken. Where Union parent undertaking or any of its entities are in the process of implementing those measures, then information on the timeline for their implementation shall be also provided;

7. (7)

   a summary of views expressed by the authorities consulted in the joint decision process on the group resolution plan and its resolvability assessment;

8. (8)

   where the EBA has been consulted during the joint decision process, an explanation of any deviation from the advice of the EBA.