+Article 71 Decision of the resolution authority
---+Article 71 1
---+Article 71 2

Article 71 Decision of the resolution authority

1. Overview

,
Summary Regulation
Article 71 1

1.   After a notification from the competent authority pursuant to Article 70(3), the resolution authority shall determine whether any resolution action is needed.

Article 71 2

2.   The decision whether or not to take resolution action in relation to a CCP shall contain information on the following:

(a)

the resolution authority’s assessment of whether the CCP meets the conditions for resolution; and

(b)

any action that the resolution authority intends to take, including the decision to apply for winding up, the appointment of an administrator or any other measure under applicable normal insolvency proceedings.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
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