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Recital 13

Recital 13

(13)The provisions in this Regulation are closely linked to each other, since they deal with the business reorganisation plan that CCPs under resolution are required to submit after the application of the write down and conversion tool. To ensure coherence between those provisions, which should enter into force simultaneously, there is a need for CCPs and for resolution authorities, to have a comprehensive view and compact access to their obligations and rights relating to such business reorganisation plans. It is therefore appropriate to include the relevant regulatory technical standards required by Article 37(4) and Article 38(4) of Regulation (EU) 2021/23 in a single Regulation.

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