RTS for indirect subscription of MREL instruments within groups

Topic area:
Status: 30.07.2020 |
Current
Key words:
MREL, Recovery, Resolution, Supplement
Initiative
Official name
Draft Regulatory Technical Standards on methods to avoid that instruments indirectly subscribed by the resolution entity for the purpose of meeting the minimum requirement for own funds and eligible liabilities applicable to entities that are not themselves resolution entities under Article 45f of Directive 2014/59/EU hamper the smooth implementation of the resolution strategy
COMMISSION DELEGATED REGULATION (EU) No …/.. of XXX […] supplementing [Directive XXXX/xx/.. / Regulation (..) No xx/XXXX] of the European Parliament and of the Council with regard to regulatory technical standards for [insert text describing the subject matter of the standards required by the basic act] [N.B. when amending another act use/add the following: 'amending ……… with regard to ……..']
Type
Delegated Regulation
Level 2
Initiator
EBA
Submitted
22.07.2020
Doc. code
EBA/CP/2020/18
Summary
Status
Status

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Current version
Consultation paper
22.07.2020
Next step
Entry into force and application
Entry into force

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Application date

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Scope
Relevant for

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Associated initiatives
Level 1
Bank Recovery and Resolution Directive (BRRD) (binding, Main version, EU)
Revision of the CRD IV (CRD V) (binding, Amendment, EU)
Amendment to BRRD on loss -absorbing and recapitalisation capacity (BRRD2) (binding, Amendment, EU)
Level 2
–
Level 3 / Other
–

Source: EBA, EBA/CP/2020/18, 2020