Application and interpretation of Chapter 2
61.—(1) This Chapter applies where the Bank—
(a)alone or jointly with other resolution authorities, draws up a group resolution plan in accordance with Chapter 2 of Part 5 or reviews a plan drawn up in accordance with that Chapter; or
(b)endeavours to adopt a group resolution plan in accordance with Chapter 3 of Part 5 or reach a joint decision on the review of a plan adopted in accordance with that Chapter.
(2) In this Chapter “assessment of group resolvability” means an assessment of the extent to which it would be feasible and credible to take resolution action or insolvency proceedings in respect of group entities while avoiding to the maximum extent possible any significant adverse effect on the financial system of any EEA State or the continuity of the critical functions of group entities.