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BRRD RTS bonanza

The EC yesterday adopted a Delegated Regulation supplementing the BRRD. The regulation contains a number of RTS in the following areas:

  • Content of recovery and resolution plans. EBA final drafts published in July 2014 and December 2014
  • Article 6(8). Principles and minimum criteria for assessment of recovery and resolution plans. EBA final draft published in July 2014
  • Article 23. Conditions allowing group financial support. EBA final draft RTS, ITS and Guidelines published July 2014
  • Article 36(14)Requirements for independent valuers. EBA final draft published July 2015
  • Article 55 (3) BRRD. Contractual recognition of write-down and conversion powers. EBA final draft published July 2015
  • Article 81(1), (2), (3). Procedures and contents of notification requirements and notice of suspension. EBA final draft published July 2015
  • Article 88(7).Operational functioning of the resolution colleges. EBA final draft published July 2015

The Delegated Regulation comes into force twenty days after its publication in the OJ.

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