Regulatory Alerts2021-04-23
Added · Updated
Commission Implementing Regulation (EU) 2021/763 on supervisory reporting and public disclosure of MREL and TLAC
The European Commission adopted Implementing Regulation (EU) 2021/763 to establish implementing technical standards for the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL) and Total Loss-Absorbing Capacity (TLAC). The regulation mandates that reporting entities, including global systemically important institutions and material subsidiaries of non-EU G-SIIs, submit standardized data using specific templates and formats to competent and resolution authorities. Reporting obligations for TLAC and MREL commence on 28 June 2021, while public disclosure obligations for MREL apply from 1 January 2024.
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