3. These guidelines apply where a transfer tool is part of the preferred resolution strategy. …

These guidelines apply where a transfer tool is part of the preferred resolution strategy. However, resolution authorities may decide to apply resolution tool-specific parts of these guidelines (e.g. transfer strategies) to institutions whose planned preferred resolution strategy does not rely on these tools, such as only including transfer tools as variant strategy, as referred to in Article 22, 1 st subparagraph, point 2(e), of Commission Delegated Regulation (EU) 2016/1075⁶ .

⁶ Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parltime and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (OJ L 184, 8.7.2016, p. 1 – 71).

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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