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IR2021-622 Article 3 — as applicable on 31 Mar 2026 (version of 31 Mar 2026)

Article 3

Reporting authority and information to be reported for groups

Amendment details· last amended 31 Mar 2026
Versions of this provision:6 May 202131 Mar 2026

Last amended 31 Mar 2026 by Commission Implementing Regulation (EU) 2026/519 of 10 March 2026.

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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:

(a)

the group-level resolution authority, in coordination with the group level supervisory authority, shall inform the EBA of the MREL of the Union parent undertaking set on a consolidated basis;

(b)

the resolution authorities taking the decisions setting the MREL, in coordination with the competent authority, shall inform the EBA of the MREL to be applied to the group subsidiaries under their jurisdiction at the resolution group consolidated level and on an individual basis as applicable.