Commission Delegated Regulation (EU) 2016/1075Show full title

Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parltime and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (Text with EEA relevance)

Article 100U.K.Consultation on the draft assessment or decision on the need for a group resolution scheme

1.The members of the resolution college receiving the draft assessment or draft decision shall express their material diverging views or concerns, if any.

2.Material divergent views and concerns shall be clearly set out in writing, which may be submitted in electronic format, and shall be fully reasoned.

3.Material divergent views and concerns shall only be expressed, without undue delay recognising the urgency of the situation and by the set time limit.

4.Upon expiry of the time limit, the group-level resolution authority shall presume consent of the members who did not express any material divergent views or concerns.