Particular wording used in Articles 45h(5)

There is no intended difference in meaning between the wording used in Articles 45h(5), second subparagraph BRRD ("the resolution authorities responsible for subsidiaries on an individual basis") and the wording "resolution authorities of the subsidiaries" used in other articles of BRRD. Disclaimer: The answers clarify provisions already contained in the applicable legislation. They do not extend in any way the rights and obligations deriving from such legislation nor do they introduce any additional requirements for the concerned operators and competent authorities. The answers are merely intended to assist natural or legal persons, including competent authorities and Union institutions and bodies in clarifying the application or implementation of the relevant legal provisions. Only the Court of Justice of the European Union is competent to authoritatively interpret Union law. The views expressed in the internal Commission Decision cannot prejudge the position that the European Commission might take before the Union and national courts.