EBU Single Rulebook Q&A 3 November 2015 2015_2455 Resolution plan for an institution without any critical economic functions

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European Union · · · 21-01-2022

Is the resolution authority under the obligation to elaborate resolution plans even for institutions without critical functions for which the waiver under Article 4(8) of Directive 2014/59/EU (BRRD) is not available? Must the resolution authority elaborate resolution plans for groups that do not have any critical functions? “Critical functions” is a notion defined in Article (2)(1)(35) BRRD.

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