47. In order to comply with Article 67 of Directive 2014/59/EU and article 30 Commission Delegated …

In order to comply with Article 67 of Directive 2014/59/EU and article 30 Commission Delegated Regulation (EU) 2016/1075, resolution authorities should discuss during the resolution planning phase with third country authorities the possibility to exercise transfer powers over items governed by the third country law. Based on the outcome of the discussion, the resolution authority will have to assess whether the following options are doable:

• (i) The third country authority will r ecognize the resolution authority’s transfer powers;
• (ii) The third country authority will not recognize the resolution authority’s transfer powers, but will not object a transfer validated by the entity subject to resolution;
• (iii) The transfer will only be possible after considerable cost and time in resolution.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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