Decision on drawing up a bank resolution plan and the manner of assessing bank resolvability

Pursuant to Article 47 paragraph 1 item 6 of the Law on the National Bank of the Republic of Macedonia (Official Gazette of the Republic of Macedonia No. 158/10, 123/12, 43/14, 153/15, 6/16 and 83/18 and Official Gazette of the Republic of North Macedonia No. 110/21, 74/24 and 16/25) and Article 5 paragraph 9, Article 6 paragraph 6 and Article 8 paragraph 4 of the Bank Resolution Law (Official Gazette of the Republic of North Macedonia No. 209/23), the National Bank of the Republic of North Macedonia Council has adopted the following DECISION on drawing up a bank resolution plan and the manner of assessing bank resolvability
I. GENERAL PROVISIONS

This Decision shall prescribe:
− the content of the resolution plan for a bank, the simplified resolution plan and the banking group resolution plan; − the manner of assessing the bank resolvability; − the criteria for assessing the impact of the bank's failure and the implementation of bankruptcy proceedings (hereinafter: bank failure) on the financial market, other banks and financing conditions, for the purpose of drawing up a simplified resolution plan; − the information and data required for drawing up, updating and implementation of the plans from indent 1 of this item and the deadlines and manner of their submission to the National Bank of the Republic of North Macedonia (hereinafter: the National Bank).
The provisions of this Decision that apply to a bank shall apply accordingly to a banking
group.
The terms used in this Decision shall have the following meaning:
3.1. "Core services" shall denote services related to the implementation of one or more
core business lines of the bank or banking group, the performance of which is necessary for the effective implementation of the resolution strategy and the interruption of which could seriously limit or prevent the performance of the core business lines to which they are related and which cannot be provided by another service provider within a reasonable time, under the same or similar conditions in terms of the subject matter, quality and price of the service;
3.2. "Contracts which are significant for the bank" shall denote contracts that are related
to the performance of the bank's critical functions;

3.3. "Significant positions" shall denote job positions in the bank whose failure to fill them
could constitute an impediment to the performance of the critical functions and main business lines of the bank or banking group, in order to achieve the resolution strategy;
3.4. "Significant counterparties" shall denote counterparties with whom the bank has
concluded agreements that are significant for the bank;
3.5. "Significant operating assets" shall denote assets that are not financial assets and
that are required for the performance of significant services, such as real estate, intellectual property, including patents and trademarks, software, hardware, IT systems and applications, and databases. Operating assets are critical or core if access to those assets is required for the performance of critical, or core services.
3.6. "Significant services" shall denote the main or critical services provided to the bank
or to members of the banking group. Significant services may be provided by one organizational unit of the bank for another, by one member of the group for other members of the group, or by an outsourcing service provider;
3.7. "Financial market infrastructure" shall denote payment transaction settlement
systems, securities transaction settlement systems and/or other financial transaction settlement systems;
3.8. "Critical financial market infrastructure" shall denote financial market infrastructure
the disruption of which could impede or limit the performance of one or more critical functions;
3.9. "Critical services" shall denote services provided to one or more organizational units
of the bank or to members of the banking group, the interruption of which could seriously limit or prevent the performance of one or more critical functions and which cannot be provided by another service provider within a reasonable time under the same or similar conditions in terms of the subject matter, quality and price of the service;
3.10. "Unencumbered asset" shall denote an asset that is not subject to any contractual,
legal or other restriction that would prevent the bank from selling, transferring, holding or disposing of it;
3.11. "Back to back" shall denote a transaction carried out between two members of a
banking group for the purposes of fully or partially transferring the risk arising from another transaction between one of those members of the group and a third party;
3.12. "Preferred resolution strategy" shall denote the resolution strategy that would best
achieve the resolution objectives set out in Article 17 of the Bank Resolution Law (hereinafter: the Law), taking into account the structure and business model of the bank or banking group;
3.13. "Eligible liabilities" shall denote the meaning specified in the National Bank's
regulations on the manner of determining the minimum requirement for own funds and eligible liabilities;

3.14. "Resolution strategy" shall denote a series of resolution activities provided for in the
resolution plan;
3.15. "Single Point of Entry" shall denote identifying single resolution entity within the
banking group and applying resolution activities to the resolution entity only;
3.16. "Multiple Point of Entry" shall denote identifying multiple resolution groups within the
banking group and/or multiple resolution entities to which resolution activities are applied. Other terms used in this Decision shall have the meaning of the terminology defined in the Law.
II. CONTENT OF THE RESOLUTION PLAN
4. The National Bank shall draw up a resolution plan for the bank or banking group in
accordance with Articles 5 and 7 of the Law, which shall consist of the following elements:
4.1. Executive summary of the plan, which includes a description of the bank or banking
group and a summary of the elements from sub-items 4.2 to 4.9 of this item, as well as a description of the material changes that have occurred in the bank since the last drafted or amended resolution plan, including the impact of those changes on the resolution strategy and resolvability. The description of the bank or banking group shall include an analysis of:
− organizational, ownership and governance structure of the bank or banking group; − financial position; − business model; − critical functions and core business lines; − internal and external interconnections; − critical financial market infrastructure. This element of the plan shall comprise the data from Article 5 paragraph (6) items 1) and
2) of the Law.
4.2. Description of the resolution strategy chosen in accordance with the provisions of
Chapter V of this Decision, including:
− determination of the resolution activities provided for in the plan; − identification of the resolution entities and resolution groups, in case of a banking group; − determination of all critical functions or core business lines of the bank which would be maintained and those which are expected to be separated from other functions; − estimation of the time required to execute each significant part of the plan; − description of variants of the preferred resolution strategy which could be implemented in circumstances in which the preferred resolution strategy could not be implemented, if applicable; − description of the decision-making process for the implementation of the resolution strategy and the time required for making decisions;

− manner of cooperation and coordination between the National Bank and other domestic supervisory authorities or foreign resolution or supervisory authorities, if applicable. This element of the plan shall comprise the data from Article 5 paragraph (6) items 3), 4) 5), 12) and 18) and Article 7 paragraph (2) items 1), 2, 3) and 4) of the Law.
4.3. Description of the information needed to effectively implement the resolution strategy
and how it will be provided, including:
− information necessary for the valuation purposes, especially in accordance with Articles 21 and 38 of the Law, as well as for the purposes of transferring the assets, liabilities and shares of the bank through the sale of business or bridge bank tools; − information on the mapping of the critical functions and core business lines by members of the banking group;

description of the manner of exchanging information with other resolution
authorities, supervisory authorities or authorities competent for consolidated supervision; − description of the manner of providing the information which the bank is required to provide in accordance with Article 5 of the Law and which should be updated and available to the National Bank when necessary. This element of the plan shall comprise the data from Article 5 paragraph (6) items 8) and

of the Law.
4.4. Description of the manner of ensuring business continuity during the resolution
procedure, including a description of:
− critical shared services that should be continued and manners of ensuring implementation of contracts and continuity of operational processes for the performance of critical functions during the resolution of the bank; − internal and external interconnectedness critical for maintaining business continuity; − manner of providing access to payment systems or other financial market infrastructure necessary to maintain critical functions. This element of the plan shall comprise the data from Article 5 paragraph (6) items 11),
and 17) of the Law.
4.5. Description of the manner of financing and sources of financing necessary for the
implementation of the preferred resolution strategy, including at least:
− funding and liquidity requirements arising from the resolution strategy; − possible private sector sources of funding for the resolution, including the terms of financing, the preconditions for the use of the funds, the timeframe of their availability, the legal entities to which funding could be provided in case of a banking group, and any collateral requirements; − if necessary, an analysis of how and when the bank could, under the conditions specified in the plan, request the use of the National Bank monetary policy instruments and which funds of the bank would qualify as acceptable collateral;

− for a banking group with a cross-border presence, the description of the agreed principles for sharing responsibility for group resolution financing from sources of funding in different countries. This element of the plan shall comprise the data from Article 5 paragraph (6) items 10) and 19) and Article 7 paragraph (2) item 5) of the Law.
4.6. Communication plan for resolution purposes, including at least communication with
the Management and Supervisory Board, shareholders and employees of the bank or banking group, clients, media and public, depositors, holders of long-term securities issued by the bank, other counterparties, operators that are part of the financial market infrastructure or other affected market participants, competent authorities from which approvals that are significant for the implementation of the resolution strategy would be required, valuers, auditors and other outsourcing entities necessary for the implementation of the resolution strategy. This element of the plan shall comprise the data from Article 5 paragraph (6) items 14) and 15) of the Law.
4.7. Conclusions from the assessment of the bank's resolvability carried out in accordance
with Chapter III of this Decision, including at least the following:
− an assessment of whether in the preparation of the plan, the bank or the banking group is resolvable; − a summary of the conclusions from the assessment whether the conduct of a bankruptcy procedure of the bank is credible and feasible, carried out in accordance with Chapter IV of this Decision; − a description of the identified impediments for resolvability and all the measures proposed by the bank or undertaken with a decision of the National Bank in order to remove the impediments to resolvability; − required amandments in relation to eligible liabilities. This element of the plan shall comprise the data from Article 5 paragraph (6) items 6) and
7) of the Law.
4.8. The level of the minimum requirement of own funds and eligible liabilities determined
in accordance with Article 10 of the Law and the deadline for reaching that level by the bank or the banking group.
4.9. Opinion of the bank regarding the resolution plan. The bank shall submit to the
National Bank its opinion on the plan within 30 days from the day of receipt of the summary of the main elements of the plan.
III. ASSESSMENT OF BANK RESOLVABILITY
5. The National Bank shall assess the resolvability of a bank through the following
consecutive stages:
− assessment of the credibility and feasibility of the bankruptcy procedure in accordance with Chapter IV of this Decision;

− selection of the preferred resolution strategy in accordance with Chapter V of this Decision; − assessment of the feasibility of the preferred resolution strategy in accordance with Chapter VI of this Decision; − assessment of the credibility of the preferred resolution strategy in accordance with Chapter VII of this Decision. Where the National Bank assesses that based on the assessment from paragraph 1 indent 1 of this item it is credible and feasible to conduct a bankruptcy procedure, it shall not carry out the activities of the stages from paragraph 1 indents 2, 3 and 4 of this item.
6. The resolution plan from Chapter II of this Decision and the assessment of the
resolvability from this Chapter of the Decision shall be drawn up and carried out at least once a year or upon significant changes in the organizational and ownership structure of the bank, in the business model or in the financial position of the bank that could impact the preferred resolution strategy or the effects and elements of the plan.
7. Where upon the conducted assessment of the credibility and feasibility of the
bankruptcy proceedings or the feasibility and credibility of the preferred resolution strategy, the National Bank identifies major impediments to conducting bankruptcy procedure of the bank or to resolvability, it shall undertake activities aimed at removal of the impediments to resolvability in accordance with Article 9 of the Law.
IV. CREDIBILITY AND FEASIBILITY OF CONDUCTING BANKRUPTCY PROCEEDINGS
8. The National Bank shall assess whether it is credible and feasible to conduct
bankruptcy proceedings against the bank or individual members of the banking group.
9. In assessing the credibility of bankruptcy proceedings, the National Bank shall
consider the probable impact on the financial system, taking into account the need to provide continuous access to critical functions performed by the bank or the banking group. For the purposes of the assessment referred to in paragraph 1 of this item, the National Bank shall take into account the following elements:
− the functioning of the financial market, especially market confidence; − financial market infrastructures – whether a sudden cessation of the bank's activities would disrupt their normal functioning and whether this would have a negative impact on the entire financial system; − other banks and financial institutions – whether funding costs would increase or funding sources for other financial institutions would decrease and whether there is a direct or indirect risk of contagion; − the real economy, especially the availability of financial services.
10. If the National Bank determines that the bankruptcy proceedings would be credible,
it shall assess its feasibility by assessing whether the bank's systems can provide the data and information required by the Deposit Protection Agency for the purposes of payment of the covered deposits within the deadlines and amounts in accordance with the law governing the deposit protection system, which includes distinguishing of the amount that does not exceed the coverage

level (the covered part of eligible deposits) from the amount that exceeds the coverage level (the uncovered part of eligible deposits), in accordance with the law governing the deposit protection system.
V. IDENTFICATION OF THE RESOLUTION STRATEGY
11. If the National Bank assesses that it is not credible and feasible to conduct bankruptcy
proceedings, the National Bank shall determine a preferred resolution strategy that would be appropriate for the bank or banking group, based on the data and information submitted by the bank or banking group, in accordance with Article 5 of the Law and this Decision. The National Bank shall assesse whether the resolution strategy is appropriate for achieving the resolution objectives, taking into account the business model of the bank or banking group and the resolution regulations applicable to the members of the banking group.
12. In the case of a banking group, the National Bank shall determine SPE resolution
strategy or MPE resolution strategy.
13. For the purposes of identifying the preferred resolution strategy in accordance with
item 11 of this Decision, the National Bank shall consider at least the following issues:
− which resolution tools would be used and whether they are applicable to the members of the banking group covered by the resolution strategy; − the amount of qualifying eligible liabilities which could be used for the purposes of the preferred resolution strategy, in the event of resolution of a banking group and the legal entities which have issued the qualifying eligible liabilities; − what are the existing contractual and other arrangements for transfer of losses between the members of the banking group; − the structure and business model of the bank or banking group, in particular from the aspect of the level of centralization in carrying out different activities and functions in the bank or banking group; − whether the resolution tools which would be applied are enforceable, especially in foreign countries; − whether the resolution strategy requires support from other resolution and supervisory authorities, in particular from other countries or it requires that those authorities refrain from independent resolution actions, and whether such actions are feasible and credible for those authorities.
14. The National Bank shall also assess whether it is necessary to identify variants of the
resolution strategy to address scenarios or circumstances in which it would not be feasible or credible to implement the preferred resolution strategy. The National Bank shall consider the extent to which the variants of the resolution strategy are likely to achieve the resolution objectives, especially to ensure the continuity of the bank’s critical functions. Measures for removing the impediments for implementation of the resolution strategy variants shall be undertaken in accordance with Article 9 of the Law, only if they do not impair the implementation of the preferred resolution strategy.

VI. ASSESSMENT OF THE FEASIBILITY OF THE RESOLUTION STRATEGY
15. The National Bank shall assess whether it is feasible to effectively implement the
prefered resolution strategy within an appropriate timeframe and shall identify the possible impediments to its implementation.
16. The National Bank shall determine the impediments for stabilization of the bank or the
banking group in the period after the decision to initiate bank resolution has been brought, as well as the foreseeable impediments to the reorganization of the bank's operations that is required under Article 40 of the Law or that is likely to be required if the resolution strategy provides for the restoration of the long-term viability of all or part of the bank or banking group.
17. The impediments referred to in item 15 of this Decision shall be classified into the
following categories:
− structure and operation;
− financial resources;
− information;
− cross-border issues;
− legal issues.
Structure and operation
18. When assessing whether there are possible impediments to the resolvability related to
the structure and operations of the bank or banking group, the National Bank shall duly take into account the following issues:
18.1. To what extent the bank can map core business lines and critical functions to
members of the banking group;
18.2. To what extent the structure of the bank or banking group is aligned with the core
business lines and critical functions;
18.3. To what extent the support and maintenance of the bank's core business lines and
critical functions, including those performed through other members of the banking group, is ensured with adequate funding, liquidity and capital levels, as well as in terms of the filling of significant positions and the availability of the necessary significant operating assets;
18.4. To what extent the concluded contracts for the provision of significant services are
fully enforceable in the event of bank resolution;
18.5. Whether the contracts for providing significant services to the bank are in
accordance with its internal acts;
18.6. To what extent the bank has procedures for the transfer of services provided under
significant service agreements, in case of the separation of critical functions or core business lines;

18.7. To what extent business continuity plans contain measures to ensure continous
access to payment and settlement systems;
18.8. To what extent the structure of the banking group hinders the application of
resolution tools due to the number of members, the complex structure of the group or the difficult allocation of business lines among members of the banking group;
18.9. In the case of a mixed-activity holding company, to what extent the decisions of
the members of the banking group that are banks, investment companies or financial institutions may have an adverse impact on the non-financial part of the group;
18.10. Whether the structure and governance systems are aligned with the planned
changes in the structure of the bank or the banking group;
18.11. Whether the selected resolution tools can be applied to each member of the
banking group, as provided for in the resolution strategy.
19. For the purposes of item 18 , sub-items 18.4 and 18.6 of this Decision, the bank shall
be obliged:
− to establish and maintain a catalog of the services that are used from other persons, with updated data that will enable the successful implementation of the resolution tools provided for in the resolution strategy; − to ensure easy and timely availability of the contracts concluded with other persons from whom it uses services, including contracts concluded with members of the banking group.
20. For the purposes of item 18 , sub-item 18.7 of this Decision, the bank shall be obliged
to envisage in its business continuity plans the manner of providing access to the financial market infrastructure in extraordinary situations, before, during and on completion of the resolution procedure, including the manner in which the bank plans to meet the liquidity and/or collateral requirements necessary for continous access to the financial market infrastructure. Financial resources
21. When assessing whether there are possible impediments to resolution related to
financial resources, the National Bank shall take into account at least the following issues:
21.1. In cases where guarantees are used within the banking group, to what extent those
guarantees are secured at market conditions and whether they are covered by risk management systems;
21.2. In cases where back to back transactions are carried out, to what extent those
transactions are carried out on market conditions and whether they are covered by risk management systems;
21.3. To what extent the use of guarantees within the banking group or the use of back
to back transactions increase the risk of contagion throughout the group;

21.4. The amount and type of bail-inable liabilities;
21.5. The type and amount of liabilities that, in accordance with the preferred resolution
strategy, are likely not to contribute to loss absorption and recapitalization of the bank due to:
maturity, subordination ranking, type of instrument holders or transferability of the instruments, legal impediments for loss absorbtion (lack of recognition of the resolution tools under foreign law or existence of set-off rights), other factors due to which there is a risk that the liabilities will be exempted from absorbing losses in bank resolution;
21.6. The amount of instruments that are part of the qualifying eligible liabilities or other
liabilities that would be used to absorb losses, and in the case of a banking group, the legal entities that issued them;
21.7. The required amount of funding before and during the bank resolution, the
availability of sources of funding and the impediments to the transfer of the necessary funds within the bank or banking group;
21.8. Whether appropriate mechanisms are specified for transfer of losses from other
members of the banking group to the resolution entities, and if necessary, an assessment of the amount of funding within the banking group and the ability to absorb losses within the banking group.
22. For the purposes of item 21 of this Decision, the bank shall be obliged to ensure the
identification of all assets that could be used as collateral for the necessary financing during the resolution, as well as to be able to distinguish encumbered from unencumbered assets. Information
23. When assessing whether there are potential impediments to resolvability related to
information, the National Bank shall take into account at least the following issues:
23.1. Whether the bank's reporting system enable the National Bank to receive accurate
and complete information on:
− the core business lines and critical functions, − the efficient resolution of the bank at any moment, including in case of rapid change of circumstances, − the bank's depositors and covered deposits in accordance with the law governing the deposit protection system, − the amount and location of funds within the banking group that would be acceptable as collateral for the use of the central bank instruments, − to carry out a valuation in order to determine the required amount of write-down or recapitalization.
23.2. To what extent the bank has tested its reporting system using stress scenarios, in
accordance with the requirements from item 24 of this Decision;

23.3. To what extent the bank can ensure continuity of the reporting system for its own
needs and the needs of another bank in case of separation of critical functions and core business lines from other activities and lines.
24. The National Bank may request from the bank to test the reporting system using
stress scenarios defined by the National Bank.
Cross-border issues
25. When assessing whether there are potentuial impediments to resolvability of a banking
group related to cross-border issues, the National Bank shall take into account at least the following issues:
− whether the foreign resolution authority has the power to apply resolution tools required to support the resolution activities undertaken by the National Bank and to what extent both authorities can act in a coordinated manner; − whether there are adequate processes for communication and coordination and for aligning the activities that would be undertaken by the National Bank and the foreign resolution authority, in order to implement the resolution strategy; − whether the legislation in the country or in the other country overrides contractual termination of financial contracts due to the initiation of resolution proceedings of a member of the banking group. Legal issues
26. When assessing whether there are potential impediments to resolvability related to
legal issues, the National Bank shall take into account at least the following issues:
− whether the regulatory consents or approvals required for the implementation of the resolution strategy can be obtained in a timely manner; − whether the contracts that are significant for the bank permit their termination due to the initiating of a resolution procedure of the bank; − whether the contractual obligations that the National Bank cannot cancel in the resolution procedure, prohibit the transfer of assets and/or liabilities provided in the resolution strategy.
VII. ASSESSMENT OF THE CREDIBILITY OF THE RESOLUTION STRATEGY
27. After assessing the feasibility of the resolution strategy, the National Bank shall assess
its credibility, assessing the probable impact that the bank’s resolution would have on the financial system, in order to ensure continuous access to the critical functions performed by the bank. This assessment shall take into account at least the following issues:
27.1. The possibility of achieving the resolution objectives through the available resolution
tools, taking into account the structure of the bank;
27.2. To what extent the structure of the banking group enables the National Bank to
resolve the entire banking group or one or more members of the group without causing a significant adverse impact on the financial system, market confidence or the economy;

27.3. The mechanisms through which the resolution of a banking group that has
subsidiaries in different countries can be smoothly implemented;
27.4. The credibility of applying the resolution tools, taking into account the possible
impact on creditors, contractual parties, clients and employees and the possible actions of competent resolution authorities from other countries;
27.5. To what extent the impact of the bank's resolution on the financial system and
market confidence can be assessed;
27.6. The extent to which the bank resolution may have a direct or indirect adverse effect
on the financial system, market confidence or the economy;
27.7. To what extent contagion to other banks and the financial market can be controlled
through the application of resolution tools and powers;
27.8. To what extent the bank resolution could have a significant impact on the operation
of payment and settlement systems.
28. For the purposes of the assessment referred to in item 27 sub-item 27.6 of this
Decision, the National Bank shall take into account the functions performed by the bank and assess whether the implementation of the resolution strategy would have a significant adverse impact on any of the following elements:
− the functioning of the financial market, especially the market confidence; − financial market infrastructures – whether a sudden cessation of the bank's activities would disrupt their normal functioning and whether this would have an adverse impact on the entire financial system; − other banks and financial institutions – whether the costs of funding would increase or the sources of funding of other financial institutions would decrease and whether there is a direct or indirect risk of contagion; − the real economy, especially the availability of financial services.
VIII. SIMPLIFIED RESOLUTION PLAN
29. A bank whose cessation of operations would probably lead to significant adverse
impact on the financial market, other banks or funding conditions shall be considered a bank:
− which is identified by the National Bank as a systemically important bank, or − for which, based on Chapter IV of this Decision, it has been assessed that it is not credible and feasible to conduct bankruptcy proceedings. For the bank referred to in paragraph 1 of this item, the National Bank shall prepare a resolution plan in accordance with Chapter II of this Decision.
30. A bank that does not meet both conditions from item 29 of this Decision shall be
considered a bank whose cessation of operations would probably not lead to significant adverse impact on the financial market, other banks or on funding conditions.

For the bank referred to in paragraph 1 of this item, the National Bank shall prepare a simplified resolution plan, in accordance with Article 6 of the Law and item 31 of this Decision.
31. The simplified resolution plan of a bank shall contain:
− a summary of the key elements of the plan, including a description of the bank in accordance with item 4, sub-item 4.1, paragraph 2 of this Decision; − a description of the significant changes that have occurred in the bank since the last developed or amended resolution plan; − a summary of the conclusions from the assessment of resolvability, in accordance with Chapter III of this Decision, including a summary of the assessment regarding the absence of public interest; − the level of the minimum requirement for own funds and eligible liabilities determined in accordance with Article 10 of the Law and the timeframe for its fulfillment by the bank; − the type of information and the manner of its provision, taking into account the requirements referred to in item 4, sub-item 4.3 of this Decision; − a communication plan in accordance with item 4, sub-item 4.6 of this Decision, and − the bank's opinion regarding the resolution plan submitted in accordance with item 4, sub-item 4.9 of this Decision.
32. The simplified resolution plan shall be reviewed and updated as necessary at least
every two years or in the event of significant changes in the bank's organizational and ownership structure, business model or financial position that could affect the efficiency and elements of the plan.
IX. PROVIDING THE NECCESARY INFORMATION TO THE NATIONAL BANK
33. For the purposes of developing the resolution plan, the bank shall be obliged to submit
data and information to the National Bank at least on:
− the structure of the bank or banking group;
− the structure of the bank's or banking group's liabilities; − financial interconnections within the banking group; − significant counterparties; − critical functions; − business lines; − significant services; − financial markets infrastructure. The bank shall submit the data and information referred to in paragraph 1 of this item on an individual basis, and in the case of a banking group, on a consolidated basis, at the level of the banking group, in the manner and to the extent specified in the Instructions referred to in item 39 of this Decision.
34. At the request of the National Bank, the bank shall be obliged to submit:
− information on all agreements concluded with third parties that may be terminated due to a decision of the National Bank to apply some of the resolution tools and whether the termination of those agreements may affect the application of those resolution tools;

− information about the bank's liabilities for which collateral has been established, the third parties in whose favor the bank has established the collateral and the legislation according to the place where the collateral is located; − information on the assets that could be used as collateral for the necessary funding during the resolution, as well as the manner of their differentiation into encumbered and unencumbered assets.
X. MANNER AND DEADLINES FOR SUBMITTING OF DATA AND INFORMATION
35. The bank shall submit the data and information referred to in item 33 of this Decision
according to the accounting value as of 31 December, not later than 28 February of the following year.
36. As an exception to item 35 of this Decision, the bank referred to in item 30 of this
Decision shall be obliged to submit the data and information referred to in item 33 of this Decision every two years. The exception from paragraph 1 of this item does not limit the National Bank to require from the bank to provide and submit to the National Bank all information and data necessary for the preparation, updating and implementation of the resolution plan and to participate and/or assist in the preparation and updating of the resolution plan.
37. The National Bank may request from the bank to submit additional information
regarding the categories of information specified in item 33 of this Decision and other additional information if necessary for the development, updating or implementation of the resolution plan. The bank, the parent entity and the members of the banking group shall be obliged to provide the necessary assistance and to ensure access to all information and data necessary for the preparation and updating of the resolution plan.
38. The National Bank may require from the bank to submit the information referred to in
item 33 of this Decision with a balance on another day and within another deadline that is different from the balance and deadline specified in item 35 of this Decision.
XI. TRANSITIONAL AND CLOSING PROVISIONS
39. The Governor of the National Bank shall prescribe the Instructions for the manner of
and the procedure for submitting the data and information referred to in item 33 of this Decision, as well as the form and content of the forms.
40. The bank shall be obliged to prepare the first data and information from item 33 of
this Decision, as of 31 December 2025, and submit them to the National Bank not later than 28 February 2026. The obligation from paragraph 1 of this item shall also apply to the bank from item 30 of this Decision.
41. The National Bank shall draw up the first resolution plans in 2026, whereby:

− for the banks that have been informed by the National Bank in 2025 that they had been identified as systemically important banks, it will draw up a resolution plan in accordance with Chapter II of this Decision, − for all other banks, the National Bank shall develop a simplified resolution plan in accordance with item 31 of this Decision.
42. The bank shall be obliged to comply with the provisions of item 20 of this Decision not
later than 31 December 2027.
43. This Decision shall enter into force on the eighth day from the date of its publication
in the Official Gazette of the Republic of North Macedonia, and shall apply from 13 October 2025. D. No. 02-10864/3 Governor and Chairman 27 March 2025 of the Council of the National Bank Skopje of the Republic of North Macedonia Anita Angelovska-Bezhoska