8. Paragraph 5 of the Resolvability Guidelines is amended as follows: ‘ 5. These guidelines …

Paragraph 5 of the Resolvability Guidelines is amended as follows:

‘ 5. These guidelines specify, having regard to Articles 10(5) and 11(1) of Directive (EU) 2014/59²² , the resolution tool-specific actions that institutions including entities referred to in Article 1(1) (“institutions”), and resolution authorities should take to improve resolvability of institutions, groups and resolution groups in the context of the resolvability assessment performed by resolution authorities according to Articles 15 and 16 of that Directive. ’

²² Directive of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173 12.6.2014, p. 190).

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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