38. In order to meet the requirement that the redemption plan be implemented in a timely manner …

In order to meet the requirement that the redemption plan be implemented in a timely manner, the issuer should take into account:

i. the need to ensure adequate preparedness to support the adoption by the issuer of pragmatic and operational action immediately and in any case without undue delay upon the competent authority’s decision to trigger the implementation of the plan under Article 47(1) of Regulation (EU) 2023/1114;
ii. the reasonable time to implement the liquidation strategies described in the section on the ‘ Liquidation of the reserve of assets ’ ;
iii. the reasonable time allocated to the token holders to file their redemption claim as specified in paragraphs 53-56 below;
iv. the time necessary to verify and settle the redemption claim;
v. the time necessary to complete the distribution plan having regard to its complexity, including the number of redemption claims that have been submitted.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement

EBA -
EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.