RegAlert2017-04-05
Added
Royal Decree of 5 March 2017 implementing the law of 25 April 2014 on the status and supervision of credit institutions and investment firms, concerning the establishment of resolution plans and group resolution plans and the assessment of resolvability
This Royal Decree, effective April 15, 2017, partially transposes Directive 2014/59/EU by detailing the content requirements for resolution plans and group resolution plans for credit institutions and investment firms. It specifies that resolution plans must include elements such as a summary of key plan elements, a description of resolvability assessment, and financing options, among others. The decree also outlines the extensive information that resolution authorities may require from Belgian establishments or Belgian parent undertakings in the EEA to develop and update these plans. Future amendments, effective January 17, 2025, will further require plans to address digital operational resilience in case of establishment failure, referencing Regulation (EU) 2022/2554.
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Title
2017011419
5 MARCH 2017. - Royal Decree implementing the law of 25 April 2014 on the status and supervision of credit institutions [...], concerning the establishment of resolution plans and group resolution plans and the assessment of resolvability <RD 2023-12-08/01, art. 2, 002; In force: 23-12-2023>(NOTE: Consultation of previous versions from 05-04-2017 and updated on 13-12-2023)
Source: Finances
Publication: 5 April 2017
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Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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