Contents
- 1. The consolidating supervisor and the members of the colleg…
- 2. The information referred to in paragraph 1 shall be based…
- 3. In addition to the information referred to in paragraph 1,…
- 4. Where a group entity infringes or, due, inter alia, to a r…
- 5. The consolidating supervisor shall communicate the informa…
4.Where a group entity infringes or, due, inter alia, to a rapidly deteriorating financial condition, is likely in the near future to infringe the requirements of Regulation (EU) No 575/2013 or Directive 2013/36/EU as referred to in Article 27(1) of Directive 2014/59/EU, the consolidating supervisor and the members of the college of supervisors shall provide each other with the following information:
(a)whether conditions for application of early intervention measures are met;
(b)whether early intervention measures for the group or any of the group entities are taken or planned in accordance with Articles 27 and 30 of Directive 2014/59/EU;
(c)an indication of the potential consequences of those early intervention measures.
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