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🔗 Back to Summary. 🇫🇷 French Version: 2023R1193_FR.7. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 6 – Assessment of resolvability ⬅️ | ➡️ Article 8 – Determining the value of and marketability of critical functions and assets
Article 7 - Impediments to resolvability
When preparing a description of any measures required pursuant to 2021 to address or remove impediments to resolvability to be included in the resolution plan in accordance with Article 12(7), point (f), of Regulation (EU) 2021/23, the resolution authority shall ensure that at least the following elements are included in the resolution plan:
(a)
where a material impediment has been identified, a descriptive summary of the measures required under 2021, to identify any necessary changes to the structure, operations or risk management frameworks and financial resources of the CCP, or any measures to improve the CCP’s resolvability, and the timeline for completing the requested changes;
(b)
a description of any impediments addressed or removed in accordance with 2021 over a period of 2 years preceding the current review of the impediments under Article 15 of that Regulation.