51. Issuers should include in the recovery plan the process envisaged for the implementation phase …

Issuers should include in the recovery plan the process envisaged for the implementation phase, always including an open and active dialogue with the competent authority to ensure a smooth transition towards the implementation of the issuer’s orderly redem ption plan pursuant to Articles 47 and 55 of Regulation (EU) 2023/1114 should it become clear that compliance with regulatory requirements applicable to the reserve of assets cannot be restored.

Recovery scenarios

1. Overview

1.1 References

• Article 47 Redemption plan
• Article 55 Recovery and redemption plans

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/