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Article 72 - Communication of the joint decision and summary of the group resolution plan to the Union parent undertaking

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

1. 1. The group-level resolution authority shall communicate the joint decision and a summary of the key elements of the group resolution plan, including the resolvability assessment, to the management body of the Union parent undertaking in a timely manner and in any event by the time limit specified in the joint decision timetable pursuant to Article 61(2)(m).

2. 2. The group-level resolution authority shall inform the resolution authorities of subsidiaries about that communication.

3. 3. The group-level resolution authority may discuss the joint decision on group resolution plan and resolvability assessment with the Union parent undertaking to explain the details of that decision.

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