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127.—(1) Where the Bank endeavours to determine the minimum consolidated requirement jointly with one or more other resolution authorities under article 126(3)(c), it must endeavour to make the determination within the four month period.
(2) Where the Bank and another resolution authority (“authority A”) are unable within the four month period to make a joint determination of the minimum consolidated requirement, the Bank—
(a)must make the determination, either alone or jointly with any resolution authority with which it is able to make a joint determination; and
(b)in relation to a group institution for which authority A is the resolution authority, must ensure that the determination takes account of authority A’s assessment of that institution against the criteria for determining the minimum requirement for a group institution.
(3) The Bank must give the EEA parent undertaking written notice of the determination made under this article, including a reasoned account of the determination.
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