Contents
2.Institutions applying for the permission referred to Article 315(2) of Regulation (EU) No 575/2013 shall submit the following to their competent authority:
(a)a description of the disposal of the entities or activities, its rationale and its implementation dates;
(b)a quantitative impact analysis of the disposal of the entities or activities on operational risk capital requirements and any supporting evidence, including audited financial statements and pro forma financial statements established by an independent auditor;
(c)the detail of operational risk losses related to the entity or activity disposed over the last ten financial years, where available;
(d)the terms and conditions of the disposal of the entities or activities, including any side agreements, and a legal analysis regarding liabilities that may be incurred from events that took place prior to the disposal;
(e)a confirmation that the management body has approved the disposal of the entities or activities, and the date of that approval;
(f)an analysis of the impact of the disposal of the entities or activities on the operational risk management structure of the institution;
(g)any additional document or information that proves that the entity or activities disposed of are no longer deemed relevant to the institution’s risk profile.
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