ACPR Issues Decision on Submission of Information for Resolution Plans
ACPR published the Decision of the Resolution College on information to be submitted for the preparation of draft resolution plans, in accordance with the Commission Implementing Regulation (EU) 2018/1624. The Decision shall enter into force on January 01, 2020.
Regulation (EU) 2018/1624 lays down standards for procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms, pursuant to the Bank Recovery and Resolution Directive, or BRRD (2014/59/EU). Credit institutions and investment firms approved by ACPR are required to provide information, in the manner laid down in Annex II to Regulation (EU) No 2018/1624, on the core activities and critical functions indicated in the model, as set out in Annex I to Regulation (EU) No 2018/1624. The institutions shall provide this information every two years, no later than April 30, in the Excel format in OneGate. The Resolution College may, however, require an establishment to provide additional information or provide information on an annual basis.
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Effective Date: January 01, 2020
Keywords: Europe, EU, Banking, Implementing Technical Standards, BRRD, Resolution Plan, Reporting, Regulation 2018/1624, Resolution College, ACPR
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