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Article 1 - Simplified reporting requirement for institutions subject to waivers’;

Article 1
Simplified reporting requirement for institutions subject to waivers’;

Implementing Regulation (EU) 2021/622 is amended as follows:

((1))

Article 2 is amended as follows:

((a))

the title is replaced by the following:

‘Article 2

Simplified reporting requirement for institutions subject to waivers’;

((b))

paragraph 2 is deleted;

((2))

in Article 3, the introductory wording is replaced by the following:

‘For groups that are subject to MREL on a consolidated basis pursuant to Article 45e, Article 45f(1), third and fourth subparagraphs, and Article 45f(4), point (b), of Directive 2014/59/EU, the information referred to in Articles 1 and 2 shall be submitted by the following authorities and in the following manner:’;

((3))

Article 4 is replaced by the following:

‘Article 4

Reporting periods and submission dates

Resolution authorities shall transmit the information referred to in Articles 1 and 2 as follows:

((a))

for the MREL applicable as of 30 June, by 16 September of that year;

((b))

for the MREL applicable as of 31 December, by 18 March of the following year.’;

((4))

Annex I is replaced by the text in Annex I to this Regulation;

((5))

Annex II is replaced by the text in Annex II to this Regulation.

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