ACPR Issues Decision on Submission of Information for Resolution Plans
ACPR published the Decision of the Resolution College on information to be submitted for drawing up preventive resolution plans in accordance with the Commission Implementing Regulation 2018/1624. This Regulation lays down implementing technical standards specifying procedures and a minimum set of standard templates, for submission to resolution authorities, of information necessary to draw up and implement individual and group resolution plans, in accordance with Bank Recovery and Resolution Directive, or BRRD (2014/59/EU). The Decision states that certain institutions under the direct jurisdiction of the Resolution College, not benefiting from the simplified obligations regime, shall provide all the information indicated in the models set out in Annex I of the Implementation Regulation 2018/1624, according to the terms set out in Annex II of that regulation. This Decision came into force on January 01, 2021.
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Effective Date: January 01, 2021
Keywords: Europe, France, Banking, Securities, Resolution Framework, Resolution Plan, Reporting, Regulation 2018/1624, BRRD, ACPR
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