Article 102 Process of the joint decision on the group resolution scheme

The process to reach a joint decision on the group resolution scheme proposed under Article 91(4) or Article 92(1) of Directive 2014/59/EU shall comprise the following steps to be implemented:

1. (1)

   preparation of the draft group resolution scheme by the group-level resolution authority and communication to the resolution college members;

2. (2)

   consultation on the draft group resolution scheme at least among the resolution authorities of the entities covered by the group resolution scheme;

3. (3)

   preparation and communication of the joint decision on the group resolution scheme, by the group-level resolution authority to the resolution authorities of the subsidiaries covered by the group resolution scheme;

4. (4)

   finalisation of the joint decision on the group resolution scheme pursuant to Article 91(7) or of Article 92(3) of Directive 2014/59/EU;

5. (5)

   communication of the outcome of the joint decision to the resolution college members.