ITS on MREL reporting and disclosure published in Official Journal

2021/05/12

Commission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards (ITS) for the application of the Capital Requirements Regulation and Directive (CRR & CRD) with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL) was published in the Official Journal of the EU and will apply from 28 June 2021 (reporting in Title I) and 1 June 2021 (certain disclosures in Title II). Entities subject to reporting requirements for the total loss-absorbing capacity (TLAC) and MREL on an individual or consolidated basis (reporting entities) shall submit information to competent authorities and to resolution authorities as it stands on the following reporting reference dates: for quarterly reporting: 31 March, 30 June, 30 September, and 31 December; for semi-annual reporting: 30 June and 31 December; and for annual reporting: 31 December. Reporting entities shall submit information to competent authorities and to resolution authorities by close of business of the following remittance dates: for quarterly reporting: 19 May, 18 August, 18 November, and 18 February, with the exception of data relating to the reference date 30 June 2021, for which the remittance date shall be 30 September 2021 at the latest; for semi-annual reporting: 18 August and 18 February; and for annual reporting: 18 February.