Updated 18/10/2024
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Article 1 - General rules

Article 1

General rules

1.   In order to inform the European Banking Authority (EBA) about the application of Article 4(1), (8), (9) and (10) of Directive 2014/59/EU to institutions in their jurisdictions, competent authorities and resolution authorities shall transmit to the EBA the information identified in accordance with Articles 2 and 3 of this Regulation.

2.   For the purposes of the transmission of information in accordance with paragraph 1, competent authorities and resolution authorities shall complete the relevant templates set out in Annex I and, where appropriate, refer to the optional indicators set out in Annex II.

3.   Competent authorities and resolution authorities may choose to complete the templates set out in Annex I on a joint basis in the following manner:

(a)

competent authorities complete the relevant parts of the templates for the purposes of recovery planning;

(b)

resolution authorities complete the relevant parts of the templates for the purposes of resolvability assessments and resolution planning.

4.   Where competent authorities and resolution authorities transmit the information identified in accordance with Articles 2 and 3 of this Regulation to the EBA, those authorities may make reference to a ‘category of institutions’, where they determine that two or more institutions share similar characteristics in terms of the criteria referred to in Article 4(1) of Directive 2014/59/EU for the application of simplified obligations.