CHAPTER VIU.K. RESOLUTION COLLEGES

SECTION II U.K. Group resolution planning joint decisions

Subsection 1 U.K. Joint decision process on group resolution plan and resolvability assessment

Article 66U.K.Development and circulation of the draft group resolution plan and resolvability assessment

1.The resolution authorities of subsidiaries shall provide to the group-level resolution authority their contributions to the group resolution plan and resolvability assessment in a timely manner and in any event by the time limit specified in the joint decision timetable pursuant to Article 61(2)(e).

2.The group-level resolution authority shall develop the draft group resolution plan in accordance with Article 12 of Directive 2014/59/EU, taking into account any contributions submitted by the resolution authorities of subsidiaries.

3.The group-level resolution authority shall circulate the draft group resolution plan and resolvability assessment to the college members in a timely manner, however no later than within the time limit specified under Article 61(2)(f).