Consultation on on the proposal for Regulatory Technical Standards on contractual recognition of resolution stay powers under Article 52 of the IRRD

Interested stakeholders.

These RTS establish standardized terms for financial contracts that would allow the resolution authority to exercise its stay powers (i.e. powers to suspend or restrict rights and obligations) over contracts governed by third-country law. The consistent recognition of such powers supports the cross-border enforceability of the resolution authority’s actions.