BRRD: RTS on business reorganisation plans and on valuation of liabilities arising from derivatives published in Official Journal

The following Level 2 Acts under the Bank Recovery and Resolution Directive (BRRD) have been published in the Official Journal:

• Commission Delegated Regulation (EU) 2016/1400 on regulatory technical standards specifying the minimum elements of a business reorganisation plan and the minimum contents of the reports on the progress in the implementation of the plan; and
   
• Commission Delegated Regulation (EU) 2016/1401 on regulatory technical standards for methodologies and principles on the valuation of liabilities arising from derivatives.

Both Delegated Regulations will enter into force on 12 September 2016.

Source : Clifford Chance