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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:

(a) exchanging information that is relevant for the development of group resolution plans and for the exercise of resolution powers with respect to groups;

(b) developing group resolution plans;

(c) assessing the resolvability of groups pursuant to Article 14;

(d) exercising powers to address or remove impediments to the resolvability of groups pursuant to Article 16;

(e) deciding on the need to establish a group resolution scheme as referred to in Article 73 or 74;

(f) reaching the agreement on a group resolution scheme proposed in accordance with Article 73 or 74;

(g) coordinating public communication of group resolution strategies and schemes;

(h) 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.

2. The following shall be members of the resolution college:

(a) the group-level resolution authority;

(b) the resolution authorities of each Member State in which a subsidiary undertaking covered by group supervision is established;

(c) the resolution authorities of Member States where a parent undertaking of one or more undertakings of the group that is an entity as referred to in Article 1(1), point (b), (d) or (e), are established;

(d) the group supervisor and the supervisory authorities of the Member States where the resolution authority is a member of the resolution college;

(e) the competent ministries, where the resolution authorities which are members of the resolution college are not the competent ministries;

(f) where relevant, the authority that is responsible for the insurance guarantee scheme of a Member State, where the resolution authority of that Member State is a member of the resolution college;

(g) EIOPA, subject to the second subparagraph;

(h) the resolution authorities in Member States where the insurance or reinsurance undertakings of the group carry out significant cross-border activities. For the purposes of the first subparagraph, point (g), EIOPA shall contribute to promoting and monitoring the efficient, effective and consistent functioning of resolution colleges and convergence across resolution colleges. EIOPA shall be invited to attend the meetings of the resolution college for that purpose. EIOPA shall not have any voting rights. For the purposes of the first subparagraph, point (h), the participation of the resolution authorities shall be limited to achieving the objectives of an efficient exchange of information.

3. The resolution authorities of third countries where a parent undertaking or an undertaking established in the Union has a subsidiary insurance or reinsurance undertaking or a branch that would be considered to be significant were it located in the Union may be invited to participate in the resolution college as observers, provided that those authorities are subject to confidentiality requirements that are, in the opinion of the group-level resolution authority, equivalent to those laid down in Article 80.

4. Where the group is or is part of a financial conglomerate, the authorities designated in accordance with Article 3 of Directive 2014/59/EU concerned shall be invited to the resolution college as observers.

5. The group-level resolution authority shall be the chair of the resolution college. In that capacity it shall:

(a) establish written arrangements and procedures for the functioning of the resolution college, after having consulted the other members of the resolution college;

(b) coordinate all activities of the resolution college;

(c) convene and chair all the meetings of the resolution college and keep all members of the resolution college fully informed in advance of the organisation of meetings of the resolution college, of the main issues to be discussed and of the items to be considered;

(d) notify the members of the resolution college of any planned meetings so that they can request to participate;

(e) decide which members and observers shall be invited to attend particular meetings of the resolution college, on the basis of specific needs, taking into account the relevance of the issue to be discussed for those members and observers;

(f) keep all of the members of the college informed, in a timely manner, of the decisions and outcomes of those meetings. Notwithstanding the first subparagraph, point (e), resolution authorities shall be entitled to participate in resolution college meetings whenever matters subject to joint decision-making or relating to a group entity located in their Member State are on the agenda.

6. Group-level resolution authorities shall not be obliged to establish a resolution college if other groups or colleges perform the same functions and carry out the same tasks specified in paragraph 1 and comply with all the conditions and procedures, including those covering membership and participation in resolution colleges, laid down in this Article and in Article 72. In such a case, all references to resolution colleges in this Directive shall be understood as references to those other groups or colleges.

7. EIOPA shall develop draft regulatory technical standards to specify the operational functioning of the resolution colleges for the performance of the tasks referred to in paragraph 1. EIOPA shall submit those draft regulatory technical standards to the Commission by 29 July 2026. Power is delegated to the Commission to supplement this Directive by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1094/2010.