Art. 54

02014R0806-20251110 → 02014R0806-20260611

Article 54 Tasks 1. The Board, in its executive session, shall: (a) prepare all of the decisions to be adopted by the Board in its plenary session; (b) take all of the decisions to implement this Regulation, unless this Regulation provides otherwise. 2. In exercising its duties pursuant to paragraph 1 of this Article, the Board in its executive session shall: (a) prepare, assess and approve resolution plans for entities and groups referred to in Article 7(2), and for the entities and groups referred to in Article 7(4)(b) and (5), where the conditions for the application of those paragraphs are met, in accordance with Articles 8, 10 and 11; (b) apply simplified obligations to certain entities and groups referred to in Article 7(2), and entities and groups referred to in Article 7(4)(b) and (5), where the conditions for the application of those paragraphs are met, in accordance with Article 11; (c) determine the minimum requirement for own funds and eligible liabilities that entities and groups referred to in Article 7(2), and entities and groups referred to in Article 7(4)(b) and (5), where the conditions for the application of those paragraphs are met, need to meet at all times in accordance with Article 12; (d) provide the Commission, as early as possible, with a resolution scheme in accordance with Article 18 accompanied by all relevant information allowing in due time the Commission to assess and decide or, where appropriate, propose a decision to the Council, pursuant to Article 18(7); (e) decide upon the Board's part II of the budget on the Fund, in accordance with Article 60. 60; (f) conduct consultations in accordance with the procedure set out in paragraph 2a regarding guidelines, general instructions and any other instruments of general application within the SRM which set out how the Board expects to implement this Regulation. 2a. For the purposes of paragraph 2, point (f), the following procedure shall apply: (a) the Board in its executive session shall present a draft instrument to the Board in its plenary session; (b) the Board in its plenary session shall ensure that the members of the Board referred to in Article 43(1), point (c), are consulted on the draft instrument; (c) the Board in its executive session shall review any comments provided as part of the consultation referred to in point (b); (d) following the review of the comments, the Board in its executive session shall provide its assessment of those comments to the Board in its plenary session for discussion; (e) the Board in its executive session shall decide on the final version of the instrument following the discussion referred to in point (d) and after due consideration of all comments received. The Board in its executive session shall provide appropriate reasons to the Board in its plenary session for the choices made regarding the instrument referred to in the first subparagraph of this paragraph. A summary of those reasons shall be published in the annual report of the Board referred to in Article 45(2). 3. Where necessary because of urgency, the Board in its executive session may take certain provisional decisions on behalf of the Board in its plenary session, in particular on administrative management matters, including budgetary matters. 4. The Board in its executive session shall keep the Board in its plenary session informed of the decisions it takes on resolution.