Guidelines on further details on the measures to remove impediments to resolvability and the circumstances in which each measure may be applied - IRRD

The provisions in these Guidelines relate to the alternative measures that resolution authorities may take to address or remove impediments to the resolvability of the insurance or reinsurance undertakings or groups in their scope of resolution planning.

The Guidelines are limited to the alternative measures listed in Art. 15(5) of the IRRD, specifying further details on those measures and the circumstances in which they may be applied, allowing resolution authorities a degree of flexibility in the application. Moreover, they include several provisions for resolution authorities related to the proportionate application of the measures, including the requirement to duly weigh the potential effect of such measures on the undertaking’s business.