The resolution plans of investment intermediaries which have received a license for carrying out activity under Art. 6, para. 2, items 3 and 6 and under Art. 6, para. 3, item 1 of MFIA, financial institutions, financial holdings and mixed financial holdings, branches in Member States and third countries, which are subject to consolidated supervision by the FSC, shall be prepared by the FSC as a resolution authority. They envisage the resolution actions that the FSC may undertake if the conditions for resolution under the RRCIIIA are met. The resolution plan contains various scenarios that would require the use of one of the resolution instruments provided by law. In the event that the resolution authority finds that the investment intermediary is problematic or likely to become problematic, there is no real likelihood that its default will be prevented within a reasonable time and the resolution action is necessary in the public interest, the FSC as a resolution body, decides to take resolution actions. The resolution regime includes the possibility for the resolution authority to appoint one or more persons as an extraordinary manager, to assign to an independent expert a fair, conservative and realistic assessment of the investment intermediary’s assets and liabilities, and to use the resolution tools alone or in combination with the aim to ensure the continuity of the critical functions provided by the investment firm and the maintenance of specific parts of the enterprise which have market value.

The SRB, assisted by the Commission within the Single Resolution Mechanism, prepares and maintains resolution plans for investment intermediaries licensed to operate by the FSC under Art. 6, para. 2, items 3 and 6 and under Art. 6, para. 3, item 1 of the MFIA, financial institutions, financial holdings and mixed financial holdings, which fall within the scope of the consolidated supervision of the parent undertaking exercised by the ECB.