What changed in IR2021-622 from 31 Mar 2026
ITS on MREL reporting by resolution authorities RTS / ITS
- Previous version, applicable from
- 6 May 2021
- New version, applicable from
- 31 Mar 2026
6 provisions changed (6 amended, 0 added, 0 removed).
A provision is a whole article or annex. Import reports count every changed unit inside them (paragraphs, points, subparagraphs, headings): 9 here.
Article 2 · Simplified reporting requirement for institutions subject to waivers
AmendedArticle 2 Simplified reporting requirement for institutions subject to waivers and for institutions for which the recapitalisation amount is zero
1. For institutions for which the application of the MREL has been waived pursuant to Article 45f(3), Article 45f(4) or Article 45g of Directive 2014/59/EU, resolution authorities shall only transmit to the EBA the information specified in columns 0010 to 0100 and 0270 of Annex I to this Regulation.
Article 3 · Reporting authority and information to be reported for groups
AmendedArticle 3 Reporting authority and information to be reported for groups For groups that are subject to MREL on a consolidated basis inpursuant accordanceto with Article 45e, Article 45f(1), third subparagraphand 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.
Article 4 · Reporting periods and submission dates
AmendedArticle 4 Reporting periods and submission dates Resolution authorities shall, by 31 May of each year, transmit the information referred to in Articles 1 and 2 as follows:
(a) for the MREL applicable as of 130 MayJune, by 16 September of that year;
(b) for the MREL applicable as of 31 December, by 18 March of the following year.
ANNEX I
AmendedANNEX I M 20.00 - Reporting of MREL decisions
INSTITUTION BALANCE SHEET DATA USED TO CALIBRATE MREL
ENTITY CODE TYPE OF CODE RESOLUTION ENTITY CODE TYPE OF CODE CONSOLIDATION PERIMETER TYPE OF INSTITUTION INTERNAL OR EXTERNAL MREL? WAIVER REASON FOR WAIVER RESOLUTION STRATEGY AND TOOLS ADDITIONAL OWN FUNDS REQUIREMENT AND COMBINED BUFFER REQUIREMENT AS % OF TREA REFERENCE DATE BEFORE RESOLUTON
RESOLUTION STRATEGY AFTERMAIN RESOLUTON
REFERENCERESOLUTION DATETOOL (PREFERRED STRATEGY ) ADDITIONALSECOND OWNRESOLUTION FUNDSTOOL REQUIREMENT(PREFERRED ASSTRATEGY %) MAIN OFRESOLUTION TREATOOL (VARIANT STRATEGY) SECOND RESOLUTION TOOL (VARIANT STRATEGY) ADDITIONAL OWN FUNDS REQUIREMENT COMBINED BUFFER REQUIREMENT USED FOR THE CALIBRATION TREA TLOF TEM
OF WHICH: COUNTERCYCLICAL CAPITAL BUFFER
0010 TREA0020 TLOF0030 TEM0040 TREA0050 TLOF0060 TEM
01600070 0090 0100 0110 0120 0130 0140 0150 0170 0180 0190 0200 0210 0220 0230 0240 0250 0260
MREL DECISION
DECISION DATE COMPLIANCE DATE REQUIREMENT TOTAL SUBORDINATION AS % OF TREA OFTOTAL WHICH:SUBORDINATION MAYAS BE% METOF WITHTEM SENIOR GUARANTEESDEBT ALLOWANCE DE MINIMIS ALLOWANCE REDUCED TLOF REQUIREMENT
REQUIREMENT AS % OF TEMTREA OF WHICH: MAY BE MET WITH GUARANTEES TOTALREQUIREMENT SUBORDINATION AS % OF TREATEM TOTALOF SUBORDINATIONWHICH: ASMAY %BE OFMET TEM SENIORWITH DEBT ALLOWANCEGUARANTEES DE MINIMIS ALLOWANCE
MANDATORY P1 SUBORDINATION REQUIREMENT DISCRETIONARY P2 SUBORDINATION REQUIREMENT MANDATORY P1 SUBORDINATION REQUIREMENT DISCRETIONARY P2 SUBORDINATION REQUIREMENT
0270 0280 0290 0300 0310 0320 0330 0340 0350 0360 0370 0380 0381
ADJUSTMENTS TRANSITION PERIOD
ADJUSTMENTS FOR CALIBRATING THE LOSS ABSORBING AMOUNT ADJUSTMENTS FOR CALIBRATING THE RECAPITALISATION AMOUNT AS % OF TREA ADJUSTMENTS FOR CALIBRATING THE RECAPITALISATION AMOUNT AS % OF TEM INTERMEDIATE TARGET
ADJUSTMENTS TO ADDITIONAL OWN FUNDS REQUIREMENTP2 ADJUSTMENTS TO MARKET CONFIDENCE BUFFER ADJUSTMENTS RESULTING FROM CHANGE IN THE BALANCE SHEET POST RESOLUTION ADJUSTMENTS RESULTING FROM CHANGE IN THE BALANCE SHEET POST RESOLUTION AS A % OF TREA AS A % OF TEM
AS % OF TREA AS % OF TEM UPWARD DOWNWARD UPWARD DOWNWARD UPWARD DOWNWARD UPWARD DOWNWARD MREL LEVEL SUBORDINATION DATE OF APPLICATION MREL LEVEL SUBORDINATION DATE OF APPLICATION
0390 0400 0410 0420 0430 0440 0450 0460 0470 0480 0490 0500 0510 0520 0530 0540
ANNEX II · Instructions for completing reporting on MREL decisions
AmendedANNEX II INSTRUCTIONSInstructions FORfor COMPLETINGcompleting REPORTINGreporting ONon MREL DECISIONSdecisions PART I
: GENERAL INSTRUCTIONS
1. This Annex covers the instructions for reporting in accordance with Article 45j of Directive 2014/59/EU on the minimum requirement for own funds and eligible liabilities (MREL) set by the resolution authorities.
2. Each resolution authority, in coordination with competent authorities, shall inform the EBA of the MREL set for each institution under its jurisdiction. With regard to resolution groups, the group-level resolution authority shall transmit the relevant information for the Union parent undertaking on a consolidated basis. Each resolution authority shall transmit the information regarding the MREL set in relation to resolution groups and subsidiaries.
3. For groups established or having subsidiaries within the banking union, the Single Resolution Board will report on decisions taken in relation to all entities falling under its jurisdiction as defined in Article 7(2) of Regulation (EU) No 806/2014 of the European Parliament and of the Council .
4. Where the underlying data are in a currency other than euro, the authorities shall use European Central Bank euro foreign exchange reference rates (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html) as at the date of the MREL decision and report all amounts in euro.
54. Where an institution has been exempted from MREL, this shall be indicated in column 0090, and the resolution authority can opt for simplified reporting with only reporting the information in columns 0010 to 0100.
5. WhereResolution anauthorities institutionshall isreport subjectthe toMREL adecisions zerofor recapitalisationliquidation amountentities andset noin adjustmentaccordance iswith made to the loss-absorptionsecond amount,subparagraph theof resolutionArticle authority45c(2a) canof optDirective for simplified reporting and report only the information in columns 0010 to 00802014/59/EU.
1. Scope of the notification
6. Institutions (including investment firms), as defined in Article 2(1), point (23), of Directive 2014/59/EU), and entities as referred to in Article 1(1), points (b), (c) and (d), of Directive 2014/59/EU that are subject to Article 45(1) of that Directive, except mortgage credit institutions financed by covered bonds that are exempted from the MREL in accordance with Article 45a of Directive 2014/59/EU.
27. Resolution authorities shall transmit the full set of MREL decisions applicable at each reference date for all institutions, regardless of the decision date.
2. Scope of consolidation
78. The underlying data shall be reported on an individual basis for each entity within each Member State, or at the level of any of the following:
(a)
the Union parent undertaking on a consolidated basis, where the perimeter of consolidation for the Union parent undertaking is identical to the perimeter of consolidation of the resolution group;
(b)
where different from point (a), for each resolution entity at resolution group consolidated level in accordance with Article 45e of Directive 2014/59/EU;
(c)
where applicable, for a parent undertaking on a consolidated basis in accordance with Article 45f(4) point (b), of Directive 2014/59/EU or the third subparagraph of Article 45f(1) of that Directive.;
3.(d)
where Deadlineapplicable, for submission
8. Resolutiona authoritiessubsidiary shallon transmita theconsolidated informationbasis forin theaccordance MRELwith applicablethe atfourth 1subparagraph May of eachArticle year45f(1) by 31 May of thatDirective year2014/59/EU.
PART II
: TEMPLATE-RELATED INSTRUCTIONS
43. M 20.00 – Reporting on MREL decisions
43.1. Instructions concerning specific columns
Column Legal references and instructions
0010 ENTITY CODE
Code of the entity for which the MREL decision has been made. For institutions, the code shall be the 20-digit, alphanumerical legal entity identifier (LEI) code. For other entities, the code shall be the 20-digit, alphanumerical LEI code, or where not available a code under a uniform codification applicable in the Union, or where not available a national code.
The code shall be consistent with the code reported for the same institution under Commission Implementing Regulation (EU) 2018/1624 (1). The code shall always have a value. That code shall be the unique identifier for each column for the relevant entity.
0020 TYPE OF CODE
The reporting authority shall identify the type of code reported in column 0010 as an ‘LEI code’ or ‘Non-LEI code’. The type of code shall always be reported.
0030 RESOLUTION ENTITY CODE
Code of the resolution entity to which the entity belongs. This code shall be the same as in the column 0010 if the decision reported is a group decision. For institutions, the code shall be the 20-digit, alphanumerical LEI code. For other entities, the code shall be the 20-digit, alphanumerical LEI code, or where not available a code under a uniform codification applicable in the Union, or where not available a national code.
The code shall be consistent with the code reported for the same institution under Implementing Regulation (EU) 2018/1624.
0040 TYPE OF CODE
The reporting authority shall identify the type of code reported in column 0030 as an ‘LEI code’ or ‘Non-LEI code’. The type of code shall always be reported.
0050 CONSOLIDATION PERIMETER
Reporting authorities shall report on the MREL at one of the following perimeters of consolidation:
(a) resolution group;
(b) consolidated at the level of the parent undertaking in accordance with Article 45f(4), point (b), or the third subparagraph of Article 45f(1) of Directive 2014/59/EU;
(c) consolidated at the level of the subsidiary in accordance with the fourth subparagraph of Article 45f(1) of Directive 2014/59/EU;
(d) individual.
0060 TYPE OF INSTITUTION
Reporting authorities shall report one of the following:
(a) global systemically important institution (G-SII) as defined in Article 4(1), point (133), of Regulation (EU) No 575/2013 of the European Parliament and of the Council (2);
(b) resolution entity as referred to in Article 45c(5) of Directive 2014/59/EU that is part of a resolution group the total assets of which exceed EUR 100 billion at resolution group level;
⋯ 3 unchanged lines
(f) any other entity referred to in Article 1(1), points (b), (c) or (d), of Directive 2014/59/EU.
0070 INTERNAL OR EXTERNAL
Reporting authorities shall report one of the following:
(a) internal: MREL applied to entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU or resolution entities as referred to in the fourthfifth subparagraph of Article 45f(1) of that Directive that are not subject to Article 45e(3) of that Directive.
(b) external: MREL applied to entities that are resolution entities pursuant to Article 45e of Directive 2014/59/EU.
Reporting authorities shall indicate whether the waiver was granted on the basis of the following provisions of Directive 2014/59/EU or whether no waiver was granted:
⋯ 3 unchanged lines
(d) No waiver.
0100 REASON FOR WAIVER
Where an option other than ‘No’ has been reported in column 0090, reporting authorities shall describe the reason for applying the waiver.
0110–0150 RESOLUTION STRATEGY AND TOOLS
0110 RESOLUTION STRATEGY
Reporting authorities shall report one of the following:
⋯ 2 unchanged lines
(c) liquidation.
0120 MAIN RESOLUTION TOOL (PREFERRED STRATEGY)
Reporting authorities shall report one of the following:
⋯ 5 unchanged lines
Where column 0110 was reported as ‘liquidation’, column 0120 shall be reported as N/A.
00130 SECOND RESOLUTION TOOL (PREFERRED STRATEGY)
Reporting authorities shall report one of the following:
⋯ 5 unchanged lines
Where column 0110 was reported as ‘liquidation’ or where no alternative strategy has been set, this column shall be reported as N/A.
0140 MAIN RESOLUTION TOOL (VARIANT STRATEGY)
Reporting authorities shall report one of the following (where applicable):
⋯ 5 unchanged lines
Where column 0110 was reported as ‘liquidation’, this column shall be reported as N/A.
0150 SECOND RESOLUTION TOOL (VARIANT STRATEGY)
Reporting authorities shall report one of the following:
⋯ 5 unchanged lines
Where column 0110 was reported as ‘liquidation’, or where no alternative strategy has been set, this column shall be reported as N/A.
Additional own funds requirement pursuant to Article 104a of Directive 2013/36/EU used to calibrate MREL or as estimated in accordance with regulatory technical standards adopted under Article 45c(4) of Directive 2014/59/EU.
0180 COMBINED BUFFER REQUIREMENT USED FOR THE CALIBRATION
Combined buffer requirement referred to in Article 128(1), point (6), of Directive 2013/36/EU. The amount reported shall represent the amount of own funds needed to fulfil the respective capital buffer requirements or as estimated in accordance with the regulatory technical standards adopted under Article 45c(4) of Directive 2014/59/EU.
0190 OF WHICH: COUNTERCYCLICAL CAPITAL BUFFER
Article 128, point (2), Article 130 and Articles 135 to 140 of Directive 2013/36/EU. The amount reported shall represent the amount of own funds needed to fulfil the respective capital buffer requirements used to calibrate MREL.
0200–0260 0230 BALANCE SHEET DATA USED TO CALIBRATE MREL
0200 REFERENCE DATE
Reference date of the data reported in columns 0210 to 02600230.
0210–0230 BEFORE RESOLUTION
Balance sheet data used to calibrate MREL before resolution.
Total risk exposure amount in accordance with Article 45(2), point (a), of Directive 2014/59/EU and Article 92(3) of Regulation (EU) No 575/2013.
0220, 0250 TOTAL LIABILITIES AND OWN FUNDS (TLOF)
Sum of all liabilities and own funds of the reporting entity. With respect to derivatives, the value to be used shall be the sum of net liability positions, taking into account prudential netting rules.
This item corresponds to the information reported in row 0600 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624.
0230, 0260 TOTAL EXPOSURE MEASURE (TEM)
Total exposure measure in accordance with Article 45(2), point (b) of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013.
0270–0380 MREL DECISION
0270 DECISION DATE
Date when the resolution authority decided on the MREL or adopted a waiver decision.
0280 COMPLIANCE DATE
Date from when the institution shall comply with the MREL or waiver decision.
0290 REQUIREMENT AS A PERECENTAGEPERCENTAGE OF TREA
Reporting authorities shall report MREL expressed as a percentage of TREA calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.
0300 OF WHICH: MAY BE MET WITH GUARANTEES
The part of the requirement reported in column 0290 that upon permission of the relevant resolution authority may be met with a guarantee provided by the resolution entity in accordance with Article 45f(5) of Directive 2014/59/EU, expressed as a percentage of TREA calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.
0310 REQUIREMENT AS A PERCENTAGE OF TEM
The entity’s MREL expressed as a percentage of TEM calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.
0320 OF WHICH: MAY BE MET WITH GUARANTEES
The part of the requirement reported in column 0310 that upon permission of the relevant resolution authority may be met with a guarantee provided by the resolution entity in accordance with Article 45f(5) of Directive 2014/59/EU, expressed as a percentage of TEM calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.
0330–0340 TOTAL SUBORDINATION AS A PERCENTAGE OF TREA
Reporting authorities shall report the subordination requirement levels expressed as a percentage of TREA (100 % for internal MREL).
0350–0360 TOTAL SUBORDINATION AS A PERCENTAGE OF TEM
Reporting authorities shall report the subordination requirement levels expressed as a percentage of TEM (100 % for internal MREL).
0330, 0350 MANDATORY SUBORDINATION REQUIREMENT
Reporting authorities shall report the subordination requirement levels in accordance with Article 45c, paragraphs (5) and (6), and Article 45d(2), point (a), of Directive 2014/59/EU, including any impact from the application of Article 45b(4) of Directive 2014/59/EU.
0340, 0360 DISCRETIONARY SUBORDINATION REQUIREMENT
Reporting authorities shall report the subordination requirement levels in accordance with Articles 45b, paragraphs (5) or (7) of Directive 2014/59/EU.
0370 SENIOR DEBT ALLOWANCE
For G-SIIs, reporting authorities shall report the share of liabilities allowed to qualify as eligible liabilities instruments up to an aggregate amount that does not exceed 3,5 % of the TREA calculated in accordance with Article 92, paragraphs (3) and (4) of Regulation (EU) No 575/2013.
0380 DE MINIMIS ALLOWANCE
For GSIIs, reporting authorities shall report the share of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013 which are allowed to rank in insolvency pari passu or below eligible liabilities of the institution in accordance with Article 72b(4) of Regulation (EU) No 575/2013, expressed as a percentage of the amount of the own funds and eligible liabilities of the institution.
0381 REDUCED TLOF REQUIREMENT
Discretion available under Article 45b(4), first subparagraph, of Directive 2014/59/EU expressed as a percentage of TLOF.
0390–0480 ADJUSTMENTS
0390–0400 ADJUSTMENTS FOR CALIBRATING THE LOSS-ABSORPTION AMOUNT AS PERCENTAGES OF TREA AND TEM
Adjustments to the loss absorbing amount pursuant to the second subparagraph of Article 45c(22a) of Directive 2014/59/EU expressed as a percentage of TREA and TEM.
0410–0460 ADJUSTMENTS FOR CALIBRATING THE RECAPITALISATION AMOUNT AS A PERCENTAGE OF TREA
Adjustments to the recapitalisation amount pursuant to Article 45c(3), first subparagraph, point (a)(ii), or Article 45c(7), first subparagraph, point (a)(ii), of Directive 2014/59/EU expressed as a percentage of TREA.
0410–0420 ADJUSTEMENTS TO ADDITIONAL OWN FUNDS REQUIREMENT
Input any adjustment to additional own funds requirement referred to in Article 104a of Directive 2013/36/EU pursuant to, Article 45c(3), fifth subparagraph, point (b), or Article 45c(7), fifth subparagraph, point (b), of Directive 2014/59/EU.
0430–0440 ADJUSTMENTS RELATED TO MARKET CONFIDENCE BUFFER
Adjustments pursuant to Article 45c(3), sixth subparagraph, or Article 45c(7), sixth subparagraph, of Directive 2014/59/EU.
0450–0460 ADJUSTMENTS RESULTING FROM CHANGE IN THE BALANCE SHEET POST RESOLUTION
Adjustments pursuant to Article 45c(3), fifth subparagraph, point (а), or 45c(7), fifth subparagraph, point (a), of Directive 2014/59/EU.
0470–0480 ADJUSTMENTS FOR CALIBRATING THE RECAPITALISATION AMOUNT AS A PERCENTAGE OF TEM
Adjustments to the recapitalisation amount resulting from changes in the balance sheet post resolution pursuant to of Article 45c(3), first subparagraph, point (b)(ii), or of Article 45c(7), first subparagraph, point (b)(ii), of Directive 2014/59/EU expressed as a percentage of the total exposure amount.
0410 , 0430, 0450, 0470 UPWARDS
0420, 0440, 0460, 0480 DOWNWARDS
0490–0540 TRANSITION PERIOD
Reporting authorities shall indicate any intermediary target they may have set for the years after the reporting date. The target shall be expressed both as a percentage of TREA and as a percentage of TEM.
0490, 0520 MREL LEVEL
Reporting authorities shall indicate the total MREL level institutions shall meet at the intermediary date.
0500, 0530 SUBORDINATION
Reporting authorities shall indicate the total subordinated level institutions shall meet at the intermediary date.
0510 , 0540 DATE OF APPLICATION
Reporting authorities shall indicate the transition dates of the path to MREL compliance.
(1)
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 (OJ L 277, 7.11.2018, p. 1, ELI: http://data.europa.eu/eli/reg_impl/2018/1624/oj).
(2)
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/575/oj).
(3)
Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338, ELI: http://data.europa.eu/eli/dir/2013/36/oj).
ANNEX III · Single Data Point Model and Validation Rules
AmendedNo textual change.
Import details (for administrators)
Source identifiers, unit counts and unresolved references of this import are on its Import management page.