Regulatory Alerts2024-12-23
ACPR Compliance with EBA Guidelines on Recovery Plans under Articles 46 and 55 of Regulation (EU) 2023/114
The Prudential Control and Resolution Authority (ACPR) has declared its compliance with the European Banking Authority's guidelines regarding the format and content of recovery plans for asset-referenced and e-money token issuers. These guidelines, issued on June 13, 2024, mandate that such issuers prepare and maintain recovery plans in accordance with Articles 46 and 55 of Regulation (EU) 2023/1114. The ACPR requires all relevant issuers to take all necessary measures to adhere to these standards under Article 16 of Regulation (EU) No 1093/2010.
ADVICE
ACPR Compliance with EBA Guidelines on Recovery Plans under Articles 46 and 55 of Regulation (EU) 2023/114
The Prudential Control and Resolution Authority (ACPR) has declared its compliance with the European Banking Authority's guidelines of 13 June 2024 on the format of the recovery plan and the information to be provided therein, which issuers of tokens referencing one or more assets and issuers of electronic money tokens must draw up and maintain in accordance with Articles 46 and 55 of Regulation (EU) 2023/1114.
These guidelines apply to issuers of tokens referencing one or more assets and electronic money tokens within the meaning of Article 3, paragraph 1, points 6 and 7, of Regulation (EU) 2023/1114, who must take all necessary measures to comply with them, in accordance with the provisions of Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority).
Download the advice and associated EBA guidelines
ACPR Compliance with EBA Guidelines on Recovery Plans... (PDF - 224.13 Ko)
Guidelines on Recovery Plans under Articles 46 and... (PDF - 259.83 Ko)
Updated on 8 January 2025