Member States shall ensure that, when a resolution authority determines that an institution or entity referred to in Article 1(1), point (b), (c) or (d) meets the conditions in Article 32(1), points (a) and (b), but not point (c), the competent authority or the resolution authority initiates or requests the initiation of the relevant administrative or judicial procedure, including, where available, a voluntary procedure, to wind up the institution or entity in an orderly manner in accordance with the applicable national law. Member States shall ensure that an institution or entity wound up in those circumstances exits the market or terminates its banking activities within a reasonable timeframe.

Member States shall ensure that such a determination is a sufficient condition for the competent authority to withdraw that institution or entity's authorisation. Member States shall ensure that the withdrawal of the authorisation is a sufficient condition for the relevant national administrative or judicial authority to be able to initiate, without delay, the procedure to wind up the institution or entity in an orderly manner in accordance with the applicable national law.