AI Summary of Article 30a Preparation for resolution
Member States must ensure competent authorities promptly notify resolution authorities of supervisory measures taken under Article 104(1) of Directive 2013/36/EU or Article 39(2) of Directive (EU) 2019/2034, findings that Article 27(1) conditions are met, and any application of early intervention measures. Competent and resolution authorities must closely monitor the institution, cooperate on measures addressing deterioration, and competent authorities must notify as early as possible where there is a material risk of circumstances in Article 32(4), providing reasons, proposed preventive measures, expected impact and implementation timeframe. Resolution authorities shall assess and communicate what constitutes a reasonable timeframe and may reassess it.
Competent authorities must provide resolution authorities with requested information for updating resolution plans and carrying out valuations and may require institutions to supply information, including by on‑site inspection. Resolution authorities have powers to market an institution to potential purchasers or require the institution to do so, taking into account deposit guarantee schemes, IPS measures and confidentiality under Articles 84 and 84b, and may require a digital platform for information sharing (Article 84(1)(e),(f)). Prior notification is not a precondition for resolution authorities to prepare for resolution or to exercise their powers; they must inform competent authorities without delay of actions taken. Member States shall ensure close cooperation to ensure consistency, coordination and effectiveness when considering or implementing the measures and actions described.
Article 30a Preparation for resolution
1. Member States shall ensure that competent authorities notify the resolution authorities without delay of the following:
(a) any of the measures referred to in Article 104(1) of Directive 2013/36/EU or in Article 39(2) of Directive (EU) 2019/2034 that they take or require an institution or entity referred to in Article 1(1), point (b), (c) or (d), of this Directive to take;
(b) that, as shown by supervisory activity, the conditions laid down in Article 27(1) are met in relation to an institution or entity referred to in Article 1(1), point (b), (c) or (d), irrespective of the application of any early intervention measure;
(c) the application of any of the early intervention measures referred to in Article 27.
Competent authorities shall closely monitor, in close cooperation with the resolution authorities, the situation of the institution or entity and its compliance with the measures referred to in the first subparagraph, point (a), that aim to address a deterioration of the situation of that institution or entity and with the early intervention measures referred to in the first subparagraph, point (c).