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Article 18 – Essential operations and systems ⬅️ | ➑️ Article 20 – Measures to facilitate portability of positions and related assets

ArticleΒ 19 - Notification to resolution college

When preparing a description of the arrangements for notifying the resolution college in accordance with Article 12(7), point (r), of Regulation (EU) 2021/23, the resolution authority shall ensure that the resolution plans include at least the descriptions of the following elements:

(a)

the procedures and processes to follow when notifying the resolution college and, in particular, the information on distribution lists, template documents and timelines on how and when to inform the resolution college;

(b)

the procedures for keeping the distribution lists up to date;

(c)

the arrangements for testing the notifying process of the resolution college, including information on the scope and intervals for such testing exercises and procedures to address any shortcomings such as errors, misunderstanding or delays.