1. Items for the description of the recovery options: a) A summary of the essential elements. b) A …

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.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement