On 12 May 2021, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards (ITS) for the application of the Capital Requirements Regulation (CRR) with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
The statutory basis of the Commission Implementing Regulation is Articles 430(7) and 434a of the CRR as amended by the CRR II and Articles 45i(5) and (6) of the Bank Recovery and Resolution Directive (BRRD) as amended by the BRRD II.
The Commission Implementing Regulation enters into force on the twentieth day following its publication in the OJ. Title I (supervisory reporting) applies from 28 June 2021. Title II (public disclosure by institutions) applies as of 1 June 2021 as regards disclosures made in accordance with Articles 437a and 447(h) of the CRR (disclosures relating to total loss absorbency capacity), and as of the date of application of the disclosure requirements in accordance with the third subparagraph of Article 3(1) BRRD II, as regards the disclosures in accordance with Article 45i(3) of the BRRD.