art_70__para_1

Directive (EU) 2025/1 of the European Parliament and of the Council of 27 November 2024 establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 and Regulations (EU) No 1094/2010, (EU) No 648/2012, (EU) No 806/2014 and (EU) 2017/1129 (Text with EEA relevance) · European Union

1. Group-level resolution authorities shall establish resolution colleges to carry out the tasks referred to in Articles 10, 11, 14, 16, 73 and 74, and, where appropriate, to ensure cooperation and coordination with third-country resolution authorities. In particular, resolution colleges shall provide a framework for the group-level resolution authority, the other resolution authorities and, where appropriate, supervisory authorities and group supervisors concerned, to perform the following tasks: exchanging information that is relevant for the development of group resolution plans and for the exercise of resolution powers with respect to groups; developing group resolution plans; assessing the resolvability of groups pursuant to Article 14; exercising powers to address or remove impediments to the resolvability of groups pursuant to Article 16; deciding on the need to establish a group resolution scheme as referred to in Article 73 or 74; reaching the agreement on a group resolution scheme proposed in accordance with Article 73 or 74; coordinating public communication of group resolution strategies and schemes; coordinating the use of any insurance guarantee schemes or financing arrangements. In addition, resolution colleges may be used as a forum to discuss any issues relating to cross-border group resolution.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.