Retained EU Law SI 2018/1624 United Kingdom

Commission Implementing Regulation (EU) 2018/1624of 23 October 2018laying 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(Text with EEA relevance)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person3 Financial Services Firm1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Financial Services Firm — also bound by 167 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art003 Provision of core information for the purpose of individual and group resolution plans Regulated
  • Submit core resolution planning information to resolution authoritiesAny Person
s.art004 Level of consolidation of information Regulated
  • Submit resolution planning information at the required consolidation levelFinancial Services Firm
s.art006 Format for the submission of information Regulated
  • Submit resolution plan information in the required format and specificationsAny Person
s.art007 Provision of additional information for the purpose of individual or group resolution plans Regulated
  • Provide additional information requested by the resolution authority for resolution planningAny Person
s.art008 Cooperation between competent and resolution authorities Regulated
Other duties (1) — Crown / regulator
  • Resolution authorities must inform institutions of information already held by the competent authorityStatutory regulator
13 other provisions — procedural and definitional
uri:annex/ii/division/ii/division/ii.6/division/ii.6.2 uri:annex/ii/division/ii/division/ii.6/division/ii.6.2
uri:annex/ii/division/ii/division/ii.7/division/ii.7.3 uri:annex/ii/division/ii/division/ii.7/division/ii.7.3
s.annex iii para.1 All data items set out in Annex I shall be...
s.annex iii para.2 The single data point model shall meet the following criteria:...
s.annex iii para.3 provide a structured representation of all data items set out...
s.annex iv para.1 The data items set out in Annex I shall be...
s.annex iv para.2 define the logical relationships between relevant data points; include filters...
s.art001 Subject matter
s.art002 Definitions
s.art005 Frequency, reference dates and remittance dates
s.art009 Transition period
s.art010 Repeal
s.art011 Entry into force

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.