68. Issuers should coordinate to develop and agree on the common section of the redemption plan …

Issuers should coordinate to develop and agree on the common section of the redemption plan, which should contain at least the following parts:

i. the general principles and objectives governing the redemption plan as stated in the ‘ General principles and objectives of the redemption plan’ section of these Guidelines;
ii. the ‘ Critical activities and contractual arrangements ’ section of these Guidelines with a view to identifying the critical activities under the control of which issuer should be operational for the effective implementation of the common redemption plan;
iii. the ‘ Process for the orderly redemption of token holders’ claims’ section ;
iv. the ‘ Communication plan ’ section ;
v. the effective coordination between the issuers for the development, review and update of the redemption plan;
vi. the effective coordination between the issuers for the orderly implementation of the plan upon its activation by decision of the competent authority; and
vii. the commitment of all issuers to fully and faithfully comply with the terms of the redemption plan commonly agreed upon.

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.