66. In line with Article 67(1), point (a), of Directive 2014/59/EU, institutions should assess …

In line with Article 67(1), point (a), of Directive 2014/59/EU, institutions should assess, when applicable, the extent to which the law of an EU Member State effectively applies to a contract ruled by third-country law and the effective application of resolution powers²² .

²² Third-country contracts underpinning the legal transfer of relevant assets, rights and/or liabilities are already expected to explicitly provide for the resolution-resilient features and to recognise and inform the counterparty that the contract may be subject to the exercise of resolution powers to suspend or restrict rights or obligations (“stay powers”) under Directive 2014/59/EU.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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