+SECTION II Content of recovery plans
---+Article 3 Information to be included in a recovery plan
---+Article 4 Summary of the key elements of the recovery plan
------+Article 4 1.
------+Article 4 2.
---+Article 5 Governance
---+Article 6 Strategic analysis
------+Article 6 1.
------+Article 6 2.
---+Article 7 The description of entities covered by the recovery plan
------+Article 7 1.
------+Article 7 2.
---+Article 8 Recovery options
------+Article 8 1.
------+Article 8 2.
------+Article 8 3.
------+Article 8 4.
------+Article 8 5.
---+Article 9 Actions, arrangements and measures under recovery options
------+Article 9 1.
------+Article 9 2.
---+Article 10 Impact assessment
---+Article 11 Feasibility assessment
------+Article 11 1.
------+Article 11 2.
---+Article 12 Continuity of operations
------+Article 12 1.
------+Article 12 2.
------+Article 12 3.
---+Article 13 Cross references
---+Article 14 Communication and disclosure plan
------+Article 14 1.
------+Article 14 2.
------+Article 14 3.
---+Article 15 Preparatory measures
------+Article 15 1.
------+Article 15 2.

SECTION II Content of recovery plans

SECTION II Content of recovery plans

1. Panoramica

,
Article 3 Information to be included in a recovery plan

Article 3

Information to be included in a recovery plan

A recovery plan shall include at least the following items:

(1) 

a summary of the key elements of the recovery plan, in accordance with Article 4;

(2) 

information on governance, in accordance with Article 5;

(3) 

a strategic analysis, in accordance with Articles 6 to 12;

(4) 

a communication and disclosure plan, in accordance with Article 14;

(5) 

an analysis of preparatory measures, in accordance with Article 15.
Article 4 Summary of the key elements of the recovery plan
Article 5 Governance

Article 5

Governance

The information on governance shall contain at least a detailed description of the following matters:

(1) 

how the recovery plan was developed, including at least:

(a) 

the role and function of persons responsible for preparing, implementing and updating each section of the plan;

(b) 

the identity of the person who has overall responsibility for keeping the recovery plan up-to-date and a description of the process to be used for updating the recovery plan to respond to any material changes affecting the institution or group or their environment;

(c) 

a description of how the plan is integrated in the corporate governance of the institution or group and in the overall risk management framework;

(d) 

if the considered entity is part of a group, a description of the measures and arrangements taken within the group to ensure the coordination and consistency of recovery options at the level of the group and of individual subsidiaries;

(2) 

the policies and procedures governing approval of the recovery plan, including at least:

(a) 

a statement whether the recovery plan has been reviewed by an internal audit function, external auditor or risk committee;

(b) 

confirmation that the recovery plan has been assessed and approved by the management body of the institution or EU parent undertaking responsible for submitting the plan;

(3) 

the conditions and procedures necessary to ensure the timely implementation of recovery options, including, at least:

(a) 

a description of the internal escalation and decision-making process that applies when the indicators have been met, to consider and determine which recovery option may need to be applied in reaction to the situation of financial stress that has materialised, including at least:

(i) 

the role and function of persons involved in this process, including a description of their responsibilities, or, where a committee is involved in the process, the role, the responsibilities and function of committee members;

(ii) 

the procedures that need to be followed;

(iii) 

the time limit for the decision on taking recovery options and when and how the relevant competent authorities will be informed of the fact that the indicators have been met;

(b) 

a detailed description of the indicators, reflecting possible vulnerabilities, weaknesses or threats to, as a minimum, the capital position, liquidity situation, profitability and risk profile of the entity or entities covered in the recovery plan;

(4) 

the plan's consistency with the general risk management framework of the institution or group, including a description of the relevant benchmarks (early warning signals) used as part of the institution's or group's regular internal risk management process, where these benchmarks are useful to inform the management that the indicators could potentially be reached;

(5) 

management information systems, including a description of arrangements in place to ensure that the information necessary to implement the recovery options is available for decision-making in stressed conditions in a reliable and timely way.
Article 6 Strategic analysis
Article 7 The description of entities covered by the recovery plan
Article 8 Recovery options
Article 9 Actions, arrangements and measures under recovery options
Article 10 Impact assessment

Article 10

Impact assessment

Each recovery option shall contain an impact assessment that shall include, in particular, a detailed description of the processes for determining the value and marketability of the core business lines, operations and assets of the entity or entities to which the recovery option relates, and at least the following elements:

(1) 

a financial and operational impact assessment which sets out the expected impact on solvency, liquidity, funding positions, profitability and operations of the entity or entities covered by the recovery plan; where relevant, the assessment shall clearly identify the different entities of the group which may be affected by the option or involved in its implementation;

(2) 

an assessment of external impact and systemic consequences which sets out the expected impact on critical functions performed by the entity or entities, covered by the recovery plan, and the impact on shareholders, on customers, in particular depositors and retail investors, on counterparties and, where applicable, on the rest of the group;

(3) 

the valuation assumptions and all other assumptions made for the purpose of the assessments in points (1) and (2), including assumptions about the marketability of assets or the behaviour of other financial institutions.
Article 11 Feasibility assessment
Article 12 Continuity of operations
Article 13 Cross references

Article 13

Cross references

Where information set out in Article 7 has been submitted to resolution authorities pursuant to Article 11 of Directive 2014/59/EU, competent authorities may choose to accept cross references to that information as sufficient for meeting the requirement in Article 7 if they do not compromise the completeness and quality of the recovery plan, as required by Section III of Chapter I of this Regulation.
Article 14 Communication and disclosure plan
Article 15 Preparatory measures

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard