3.1. Information provided by the competent authority

According to Article 27(2) of Directive 2014/59/EU the competent authority is required to inform the resolution authority about the determination that the conditions for application of early intervention measures have been met. In addition, pursuant to Article 81(2) of Directive 2014/59/EU, the competent authority should inform the resolution authority of any crisis prevention measures (defined in point (101) of Article 2(1) of Directive 2014/59/EU) , or any actions referred to in Article 104 of Directive 2013/36/EU it requires an institution to take.

To facilitate such exchanges of information, the competent authority should also provide the resolution authority with the outcomes of the SREP, at least every time the competent authority based on the outcomes of SREP assigns an overall SREP score of ’4’ or ’F’. In particular, the competent authority should notify the resolution authority and provide it with the following information in respect to the specific institution:

• a. a summary of the overall SREP assessment together with all SREP scores;
• b. the complete set of indicators used in the regular monitoring of key indicators supporting SREP as stipulated in the SREP Guidelines;
• c. all details on the applied supervisory measures (according to Articles 104 and 105 of Directive 2013/36/EU) and early intervention measures (according to Article 27(1) of Directive 2014/59/EU), as well as a description of the institution’s compliance with them; and
• d. details on the recovery options applied by the institution, where relevant.