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					<dc:identifier>http://www.legislation.gov.uk/eur/2016/1075/article/76</dc:identifier><dc:title>Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (Text with EEA relevance)</dc:title><dct:alternative>Commission Delegated Regulation (EU) 2016/1075</dct:alternative><dc:description>Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (Text with EEA relevance)</dc:description><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:source>https://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R1075-20160708</dc:source><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:modified>2024-11-12</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2023-07-11</dct:valid>
					
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         </ukm:EURLexMetadata><ukm:DocumentCurrentStatus><ukm:UKAmended Value="true"/></ukm:DocumentCurrentStatus><ukm:UnappliedEffects><ukm:UnappliedEffect AffectedClass="EuropeanUnionRegulation" Type="revoked" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2023/29" Comments="made under Directive 2014/59/EC Sch. 1 para. (s) Researched using EU Publications Office data" AffectingProvisions="Sch. 1 Pt. 3" AffectedURI="http://www.legislation.gov.uk/id/eur/2016/1075" AffectingNumber="29" Row="1080" AffectedProvisions="Regulation" AffectedYear="2016" URI="http://www.legislation.gov.uk/id/effect/key-f8999a7b4cbcbd288a2960f66a5fffe3" AffectingYear="2023" AffectedNumber="1075" Modified="2026-07-01T12:12:37Z" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" EffectId="key-f8999a7b4cbcbd288a2960f66a5fffe3"><ukm:AffectedTitle>Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (Text with EEA relevance)</ukm:AffectedTitle><ukm:AffectedProvisions>Regulation</ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services and Markets Act 2023</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-1" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/1">Sch. 1 </ukm:Section><ukm:Section Ref="schedule-1-part-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/1/part/3">Pt. 3</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="section-1-4" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/1/4">s. 1(4)</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-86-3" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">s. 86(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:EUMetadata>
					

                    
									 
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				</ukm:Metadata><EURetained><EUBody DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/body" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/body" NumberOfProvisions="110" RestrictExtent="E+W+S+N.I." RestrictStartDate="2016-03-23"><EUChapter DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/chapter/VI" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/chapter/VI" NumberOfProvisions="60" id="chapter-VI" RestrictExtent="E+W+S+N.I." RestrictStartDate="2016-03-23"><Number>CHAPTER VI</Number><Title>
               <Strong>RESOLUTION COLLEGES</Strong>
            </Title><EUSection DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/chapter/VI/section/II" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/chapter/VI/section/II" NumberOfProvisions="25" id="chapter-VI-section-II" RestrictStartDate="2016-03-23" RestrictExtent="E+W+S+N.I."><Number>
                  <Emphasis>SECTION II</Emphasis>
               </Number><Title>
                  <Strong>
                     <Emphasis>Group resolution planning joint decisions</Emphasis>
                  </Strong>
               </Title><EUSubsection DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/chapter/VI/section/II/subsection/3" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/chapter/VI/section/II/subsection/3" NumberOfProvisions="8" id="chapter-VI-section-II-subsection-3" RestrictStartDate="2016-03-23" RestrictExtent="E+W+S+N.I."><Number>
                     <Expanded>Subsection 3</Expanded>
                  </Number><Title>
                     <Strong>
                        <Expanded>Joint decision on measures to address substantive impediments to resolvability</Expanded>
                     </Strong>
                  </Title><P1group RestrictStartDate="2016-03-23" RestrictExtent="E+W+S+N.I."><Title>Suspension of the joint decision process on the group resolution plan and resolvability assessment</Title><P1 DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/article/76" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/article/76" id="article-76">
                        <Pnumber>Article 76</Pnumber>
                        <P1para>
                           <P2 DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/article/76/1" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/article/76/1" id="article-76-1">
                              <Pnumber PuncBefore="" PuncAfter=".">1</Pnumber>
                              <P2para>
                                 <Text>When the group-level resolution authority identifies substantive impediments to resolvability or assents to an opinion on identified substantive impediments expressed by any of the authorities having been consulted on the group resolution plan and resolvability assessment, the group-level resolution authority shall suspend the joint decision process in accordance with Article 17(2) of Directive 2014/59/EU and shall notify its decision to the resolution college members.</Text>
                              </P2para>
                           </P2>
                           <P2 DocumentURI="http://www.legislation.gov.uk/eur/2016/1075/article/76/2" IdURI="http://www.legislation.gov.uk/id/eur/2016/1075/article/76/2" id="article-76-2">
                              <Pnumber PuncBefore="" PuncAfter=".">2</Pnumber>
                              <P2para>
                                 <Text>The group-level resolution authority shall start re-conducting the joint decision process on the group resolution plan including the performance of its resolvability assessment, as soon as the joint decision process referred to in Article 18 of Directive 2014/59/EU on measures to address or remove substantive impediments to resolvability has been completed.</Text>
                              </P2para>
                           </P2>
                        </P1para>
                     </P1></P1group></EUSubsection></EUSection></EUChapter></EUBody></EURetained></Legislation>