The European Commission has adopted a Delegated Regulation supplementing the Bank Recovery and Resolution Directive with regard to regulatory technical standards:
- specifying the content of recovery plans, resolution plans and group resolution plans;
- the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans;
- the conditions for group financial support;
- the requirements for independent valuers;
- the contractual recognition of write-down and conversion powers;
- the procedures and contents of notification requirements and of notice of suspension; and
- the operational functioning of resolution colleges.
The Delegated Regulation comes into force twenty days after its publication in the Official Journal of the EU.
