Examples of using Resolution entity in English and their translations into Croatian
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Colloquial
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Ecclesiastic
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For each resolution entity.
The resolution entity, complies on a sub-consolidated basis with the requirement referred to in Article 45f;
The requirement referred to in Article 45(1) for a resolution entity that is a G-SII or part of a G-SII shall consist of the following:(a).
The resolution entity complies with the requirement referred to in Article 12g;
The Board may waive the application of Article 12g in respect of a subsidiary of a resolution entity established in a participating Member State where:(a).
Both the subsidiary and the resolution entity are subject to authorisation and supervision by the same Member State;
(aa) credit institutions affiliated to a central body, the central body andany institution under the control of the central body when at least one of those entities is a resolution entity.”;
(a) both the subsidiary and the resolution entity are established in the same Member State and are part of the same resolution group;
The Board, after consulting the competent authorities, including the ECB, may decide to apply the requirement laid down in this Article to an entity referred to in point(b) of Article 2 that is asubsidiary of a resolution entity but is not itself a resolution entity.
The resolution entity holds more than 50% of the voting rights attached to shares in the capital of the subsidiary or has the right to appoint or remove a majority of the members of the management body of the subsidiary;
(i) there are no legal, regulatory or operational barriers to the transfer of the collateral from the resolution entity to the relevant subsidiary,including where resolution action is taken in respect of the resolution entity.
(24a)'resolution entity' means an entity established in the Union identified by the Board in accordance with Article 8 as an entity in respect of which the resolution plan provides for resolution action;
(a) the need to ensure that the resolution group can be resolved by the application of the resolution tools to the resolution entity, including, where appropriate, the bail-in tool, in a way that meets the resolution objectives;
Resolution entity” means a legal person established in a participating Member State, which, in accordance with Article 8, is identified by the Board as an entity in respect of which the resolution plan provides for resolution action;
There are no legal, regulatory or operational barriers to the transfer of the collateral from the resolution entity to the relevant subsidiary,including when resolution action is taken in respect of the resolution entity.
Where a joint decision is not taken within four months because of a disagreement concerning the consolidated requirement,a decision shall be taken on the consolidated requirement by the resolution authority of the resolution entity after having duly taken into consideration.
The following points are inserted:"(24a)'resolution entity' means an entity established in the Union identified by the Board in accordance with Article 8 as an entity in respect of which the resolution plan provides for resolution action;
A resolution authority may, after having consulted the competent authority, decide to apply the requirement laid down in this Article to an entity referred to in points(b),(c) or(d) of Article 1(1) that is a subsidiary of a resolution entity andis not a resolution entity itself.
For the purposes of point(i) of the first subparagraph, at the request of the Board, the resolution entity shall provide an independent written and reasoned legal opinion or shall otherwise satisfactorily demonstrate that there are no legal, regulatory or operational barriers to the transfer of collateral from the resolution entity to the relevant subsidiary.
(b) after consulting the competent authorities, including the ECB, adjust the amount corresponding to the currentrequirement referred to in Article 104a of Directive 2013/36/EU downwards or upwards to determine the requirement that is to apply to the resolution entity after the implementation of the preferred resolution strategy.
There is no current or foreseen material, practical or legal impediment to the prompt transfer of own funds orrepayment of liabilities by the resolution entity to the subsidiary in respect of which a determination has been made in accordance with Article 21(3), in particular when resolution action is taken in respect of the resolution entity. .
Where the impediment to resolvability of the group is due to a situation referred to in Article 141a(2) of Directive 2013/36/EU,the group-level resolution authority shall notify its assessment of that impediment to the Union parent undertaking after having consulted the resolution authority of the resolution entity and resolution authorities of its subsidiary institutions.
(c) there is no current or foreseen material practical or legal impediment to the prompt transfer of own funds or repayment of liabilities by the resolution entity to the subsidiary in respect of which a determination has been made in accordance with Article 21(3),in particular where resolution action is taken in respect of the resolution entity.
(b) on which the resolution entity has put in place an alternative private sector measure as referred to in point(b) of Article 18(1) by which capital instruments and other liabilities have been written down or converted into Common Equity Tier 1 instruments, or on which write down or conversion powers, in accordance with Article 21, have been exercised in respect of that resolution entity, in order to recapitalise the resolution entity without the application of resolution tools.
The Board, after consulting the group-level resolution authority,if that authority is not the Board, and the consolidating supervisor shall determine the requirement referred to in Article 12a(1) for a resolution entity established in a participating Member State at the consolidated resolution group level on the basis of▌ the requirements laid down in Articles 12c to 12e and on the basis of whether the third-country subsidiaries of the group are to be resolved separately under the resolution plan.
Where in accordance with the global resolution strategy Union subsidiaries or a Union parent undertaking and its subsidiary institutions are not resolution entities and the members of the European resolution college agree with that strategy, Union subsidiaries orthe Union parent undertaking shall comply with the requirement of Article 45g(1) on a consolidated basis by issuing eligible instruments referred to in Article 45g(3)(a) and(b) to the third-country resolution entity.
Application of the requirement to entities that are not themselves resolution entities.
The application of the MREL to institutions that are not resolution entities should comply with the chosen resolution strategy.
As such, the MREL applicable to institutions that are not resolution entities should be applied together and consistently with the requirements applicable to resolution entities. .
The deadline for resolution entities to comply with the minimum level of the requirements referred to in Article 45c(5) or(6) shall be 1 January 2022.
