On 16 April 2021, there was published in the Official Journal of the EU (OJ) Commission Implementing Regulation (EU) 2021/622 of 15 April 2021 laying down implementing technical standards for the application of Directive 2014/59/EU of the European Parliament and of the Council with regard to uniform reporting templates, instructions and methodology for reporting on the minimum requirement for own funds and eligible liabilities.

The Commission Implementing Regulation repeals Implementing Regulation (EU) 2018/308 and provides updated formats and templates for the identification and transmission of information on the minimum requirement for own funds and eligible liabilities (MREL) by resolution authorities to the European Banking Authority reflecting amendments to the Bank Recovery and Resolution Directive, in particular to MREL subordination levels and the MREL applied to entities that are not themselves resolution entities.

The Commission Implementing Regulation enters into force on 6 May 2021.