art_9__para_6

6. Without prejudice to Article 4, resolution plans shall set out options for applying the resolution tools to, and exercising resolution powers with respect to, the insurance or reinsurance undertaking. Resolution plans shall contain, quantified whenever appropriate and possible, all of the following: a summary of the key elements of the plan; a summary of the material changes to the undertaking that have occurred since the latest resolution-related information was filed; a demonstration of how critical functions and core business lines could be legally and economically separated, to the extent necessary, from other functions so as to ensure continuity upon the failure of the undertaking; an identification of those assets which would be expected to qualify as collateral; an estimation of the timeframe for executing each material aspect of the plan; a detailed description of the assessment of resolvability, including the assessment of feasibility and credibility of winding-up under normal insolvency proceedings, carried out in accordance with Article 13; a description of any measures required pursuant to Article 15 to address or remove impediments to resolvability identified as a result of the assessment carried out in accordance with Article 13; an explanation as to how the resolution options could be financed without the assumption of any extraordinary public financial support besides, where available, the use of insurance guarantee schemes or of any financing arrangements; a detailed description of the different resolution strategies that could be applied in light of the different possible scenarios and the applicable timescales; a description of critical interdependencies; an analysis of the impact of the resolution plan on the employees of the undertaking, including an assessment of any associated costs, and a description of envisaged procedures to consult staff during the resolution process, taking into account national systems for dialogue with social partners where applicable; a plan for communicating with the media and the public; a description of essential operations and systems for maintaining the continuous functioning of the undertaking’s operational processes; where applicable, any opinion expressed by the undertaking in relation to the resolution plan. The summary of the key elements of the plan shall be disclosed to the insurance or reinsurance undertaking.

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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.