1. In accordance with Article 218 TFEU, the Commission may submit to the Council recommendations for the negotiation of agreements with one or more third countries regarding the means of cooperation between the resolution authorities and the relevant third-country authorities in connection with recovery and resolution planning in relation to CCPs and third-country CCPs, with regard to the following situations:
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(a)
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where a third-country CCP provides services or has subsidiaries in one or more Member States;
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(b)
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where a CCP established in a Member State provides services or has one or more subsidiaries in a third country.
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