10. Paragraph 10 of the Resolvability Guidelines is amended as follows: ‘ 10. For institutions that …

Paragraph 10 of the Resolvability Guidelines is amended as follows:

‘ 10. For institutions that are part of a group subject to consolidated supervision pursuant to Articles 111 and 112 of Directive 2013/36/EU, the guidelines apply at the level of each resolution group and, where relevant, at the individual level too. Section 4.6 and section 4.7 apply also at the level of cross-border subsidiaries that are non-resolution entities, where the minimum requirement for own funds and eligible liabilities as laid down in Article 45f of Directive 2014/59/EU exceeds the amount sufficient to absorb losses in accordance with point (a) of the first subparagraph of Article 45c(2) of that Directive.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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