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No. 765/2026
22 June 2026

RULES

on the entry into force of regulations of the European Union on recovery plans and resolution procedures for credit institutions and investment firms.

Article 1. Scope.

These rules apply to the detailed implementation regarding recovery plans under the Act on Financial Undertakings, No. 161/2002, and regarding resolution under the Act on Resolution of Credit Institutions and Investment Firms, No. 70/2020.

Article 2. Implementation of regulations.

With these rules, the following regulations of the European Union shall enter into force, cf. Article 3 of the Act on the European Economic Area, No. 2/1993, and Protocol 1 to the EEA Agreement:

• Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges, with the adaptations resulting from Decision of the EEA Joint Committee No. 237/2019 of 27 September 2019 published in the EEA Supplement to the Official Journal of the EU No. 3 of 5 January 2023, pp. 58-61. The Regulation is published in the EEA Supplement to the Official Journal of the EU No. 37 of 27 May 2021, pp. 132-202.

• Commission Delegated Regulation (EU) 2016/1400 of 10 May 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum elements of a business reorganisation plan and the minimum contents of the reports on the progress of the implementation of the plan, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 237/2019 of 27 September 2019 published in the EEA Supplement to the Official Journal of the EU No. 3 of 5 January 2023, pp. 58-61. The Regulation is published in the EEA Supplement to the Official Journal of the EU No. 34 of 12 May 2021, pp. 352-357.

• Commission Implementing Regulation (EU) 2018/1624 of 23 October 2018 laying down implementing technical standards with regard to procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms pursuant to Directive 2014/59/EU of the European Parliament and of the Council and repealing Commission Implementing Regulation (EU) 2016/1066, with the adaptations resulting from Decision of the EEA Joint Committee No. 80/2020 of 12 June 2020 published in the EEA Supplement to the Official Journal of the EU No. 22 of 16 March 2023, pp. 22-23. The Regulation is published in the EEA Supplement to the Official Journal of the EU No. 55 of 26 August 2021, pp. 147-211.

• Commission Delegated Regulation (EU) 2019/348 of 25 October 2018 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria for assessing the impact of an institution's failure on financial markets, other institutions and funding conditions, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 80/2020 of 12 June 2020 published in the EEA Supplement to the Official Journal of the EU No. 22 of 16 March 2023, pp. 22-23. The Regulation is published in the EEA Supplement to the Official Journal of the EU No. 37 of 27 May 2021, pp. 100-110.

• Commission Implementing Regulation (EU) 2021/622 of 15 April 2021 on 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 on how to report the minimum requirement for own funds and eligible liabilities, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 248/2022 of 23 September 2022 published in the EEA Supplement to the Official Journal of the EU No. 31 of 20 April 2023, pp. 41-42. The Regulation is published in the EEA Supplement to the Official Journal of the EU No. 92 of 20 December 2023, pp. 97-110.

• Commission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities, incorporated into the EEA Agreement by Decision of the EEA Joint Committee No 325/2022 of 9 December 2022 published in the EEA Supplement to the Official Journal of the EU No 48 of 29 June 2023, pp. 58-59. The Regulation is published in the EEA Supplement to the Official Journal of the EU No 65 of 29 August 2024, pp. 1-83.

• Commission Delegated Regulation (EU) 2021/1340 of 22 April 2021 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards for the determination of the content of the contractual terms on recognition of resolution stay powers, incorporated into the EEA Agreement by Decision of the EEA Joint Committee No 248/2022 of 23 September 2022 published in the EEA Supplement to the Official Journal of the EU No 31 of 20 April 2023, pp. 41-42. The Regulation is published in the EEA Supplement to the Official Journal of the EU No 73 of 12 October 2023, pp. 156-158.

• Commission Delegated Regulation (EU) 2021/1527 of 31 May 2021 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards for the contractual recognition of write-down and conversion powers, incorporated into the EEA Agreement by Decision of the EEA Joint Committee No 28/2024 of 2 February 2024. The Regulation is published in the EEA Supplement to the Official Journal of the EU No 25 of 21 March 2024, pp. 399-402.

• Commission Implementing Regulation (EU) 2021/1751 of 1 October 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 formats and templates for notifications of determination of the impracticability of including contractual recognition of write-down and conversion powers, incorporated into the EEA Agreement by Decision of the EEA Joint Committee No 183/2022 of 10 June 2022 published in the EEA Supplement to the Official Journal of the EU No 66 of 13 October 2022, pages 29-30. The Regulation is published in the EEA Supplement to the EEA Official Journal no. 73 of 12 October 2023, pages 37-50.

• Commission Implementing Regulation (EU) 2022/365 amending Implementing Regulation (EU) 2018/1624 on technical implementing standards as regards procedural arrangements, standardised forms and templates for the arrangements for the communication of information as regards recovery plans for credit institutions and investment firms pursuant to Directive 2014/59/EU of the European Parliament and of the Council, which was incorporated into the EEA Agreement by Joint Committee Decision no. 183/2022 of 10 June 2022, published in the EEA Supplement to the EEA Official Journal no. 66 of 13 October 2022, pages 29-30. The Regulation is published in the EEA Supplement to the EEA Official Journal no. 73 of 12 October 2023, pages 51-95.

• Commission Implementing Regulation (EU) 2024/1618 of 6 June 2024 amending Commission Implementing Regulation (EU) 2021/763 on technical implementing standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council as regards reporting to competent authorities and public disclosure of the minimum requirement for own funds and eligible liabilities, which was incorporated into the EEA Agreement by Joint Committee Decision no. 96/2025 of 8 May 2025, published in the EEA Supplement to the EEA Official Journal no. 46 of 24 July 2025. The Regulation is published as an annex to these Rules.

Article 3. Entry into force.

These Rules are enacted pursuant to paragraph 5 of Article 9, paragraph 8 of Article 10, paragraph 3 of Article 11, paragraph 3 of Article 12, paragraph 3 of Article 13, paragraph 3 of Article 14, paragraph 4 of Article 22, paragraph 10 of Article 23, Article 36, paragraph 9 of Article 60, paragraph 4 of Article 78 a and paragraph 5 of Article 89 of Act no. 70/2020 on the resolution of credit institutions and investment firms, and paragraph 4 of Article 82 a, paragraph 3 of Article 82 b, paragraph 3 of Article 82 e and paragraph 2 of Article 109 r of Act no. 161/2002 on financial undertakings.

These Rules enter into force immediately. Upon the entry into force of these Rules, Rules no. 800/2024 on the entry into force of European Union regulations on recovery plans and the resolution of credit institutions and investment firms are repealed.

Central Bank of Iceland, 22 June 2026.
Björk Sigurgísladóttir
Deputy Governor for financial supervision.
Rannveig Júníusdóttir
Managing Director.

COMMISSION IMPLEMENTING REGULATION (EU) 2024/1618 of 6 June 2024 amending Commission Implementing Regulation (EU) 2021/763 on technical implementing standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council as regards reporting to competent authorities and public disclosure of the minimum requirement for own funds and eligible liabilities (PDF document)