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Article 31 - Assessment of feasibility: other potential impediments

Comparing 08/07/2016 → 28/07/2016: 0 added, 0 removed, 3 changed Close comparison

The following legal issues shall be considered in assessing potential impediments to resolution:

((1))(1) whether requirements for regulatory approvals or authorisations necessary to deliver the resolution strategy can be met in a timely manner;

((2))(2) whether significant contractual documentation permits termination of contracts on entry into resolution;

((3))(3) whether contractual obligations which cannot be disapplied by the resolution authority prohibit any transfer of assets and/or liabilities envisaged in the resolution strategy.

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