Article 98 Dialogue on the need for a group resolution scheme

After receiving the notification referred to in point (a) or (h) of Article 81(3) of Directive 2014/59/EU, the group-level resolution authority shall endeavour to organise a dialogue in accordance with paragraphs 2 and 3 of this Article involving at least those members of the college who are the resolution authorities of the subsidiaries.

For the purposes of paragraph 1, the group-level resolution authority shall transmit the following information to the members:

1. (a)

   the notification received;

2. (b)

   its proposal on the topics referred to in paragraph 3;

3. (c)

   the time limit by which the dialogue should be concluded.

The dialogue shall concern the following:

1. (a)

   whether, in accordance with Article 91 or 92 of Directive 2014/59/EU, the resolution of the subsidiary, or of the Union parent undertaking respectively, would have group dimensions and would require the drawing up of a group resolution scheme;

2. (b)

   whether the financing plan shall be based on mutualisation of national financing arrangements in accordance with Article 107 of Directive 2014/59/EU.