meta_id 2953474

On 10 March 2026, the European Commission adopted Commission Implementing Regulation (EU) 2026/519, amending the implementing technical standards for minimum requirement for own funds and eligible liabilities (MREL) reporting laid down in Commission Implementing Regulation (EU) 2021/622. The regulation reflects amendments to the MREL framework introduced by Directive (EU) 2024/1174, which modified certain aspects of MREL requirements under the Bank Recovery and Resolution Directive (Directive 2014/59/EU). Key changes include provisions allowing resolution authorities to refrain from setting MREL for liquidation entities except where necessary to protect financial stability or address systemic risk, and expanded circumstances permitting resolution authorities to determine MREL on a consolidated basis. The amendment increases the frequency of MREL reporting from annual to bi-annual submissions to the European Banking Authority (EBA), with resolution authorities required to report information applicable as of 30 June by 16 September and information applicable as of 31 December by 18 March of the following year. This enhanced reporting frequency aims to improve the EBA's ability to monitor and assess MREL compliance and better align with the EBA's bi-annual MREL reports. The regulation also requires reporting template M 20.00 to include information on resolution authorities' exercise of discretion under Article 45b(4) of Directive 2014/59/EU regarding reduced total liabilities and own funds requirements. The regulation applies to resolution authorities, credit institutions, investment firms, and other entities subject to MREL requirements under the recovery and resolution framework. The regulation entered into force on the twentieth day following its publication in the Official Journal of the European Union on 11 March 2026.