Annex II – List of items to be included in the description of each recovery option

Items for the description of the recovery options:

• a) A summary of the essential elements.
• b) A description of the recovery option.
• c) An overview of the key assumptions underlying each recovery option.
• d) An assessment of the strategic implications of executing the recovery option.
• e) An assessment of the financial impact in normal and stressed market conditions.
• f) The potential adverse consequences of the recovery option.
• g) A timeline for effective execution, including the expected time frame for the implementation of the necessary actions.
• h) Any dependency on external counterparties for effective execution.
• i) Mutual exclusivity – whether some recovery options are mutually exclusive.
• j) Interdependencies – whether activating one recovery option could affect the subsequent or simultaneous implementation of another option.
• k) Operational considerations, such as approval requirements and capability to implement two or more recovery option simultaneously.
• l) An assessment of potential constraints to effective execution. This assessment is particularly relevant with respect to options referred under point (1) of Article 46 of Regulation (EU) 2023/1114.
• m) The communication strategy to inform the holders of the tokens about any measures that could adversely impact them.