The resolution authority of a CCP shall establish, manage and chair a resolution college to carry out the tasks in Articles 12, 15 and 16 and to ensure cooperation with college members and, where appropriate, third‑country authorities. Resolution colleges shall exchange information relevant to resolution planning and systemic impact, draw up resolution plans, assess resolvability, identify and remove impediments and coordinate public communication. Membership is prescribed and includes the CCP’s resolution and competent authorities, competent and resolution authorities of clearing members and their clients (subject to justification), central banks of issue, ESMA and the EBA; ESMA, EBA and certain members have no voting rights and the ECB may hold two votes where applicable. Third‑country authorities may attend as observers if confidentiality standards are equivalent and their participation may be limited to specified cross‑border enforcement issues.

The CCP resolution authority as chair must establish written arrangements and procedures, convene and chair meetings, coordinate college activities, decide invitations for third‑country attendees, enable timely information exchange, keep members informed of matters and outcomes, and permit members to contribute items to agendas. ESMA is required to develop draft regulatory technical standards specifying the content of those written arrangements, taking into account delegated acts under Directive 2014/59/EU, and to submit the drafts to the Commission by 12 February 2022; the Commission may adopt those standards under Regulation (EU) No 1095/2010.