European Commission deletes MREL-excess risk indicator from Delegated Regulation (EU) 2015/63
Resolution authorities must exclude the MREL-excess risk indicator from 2026 contribution calculations and rescale the remaining Risk Exposure indicators to equal weight — contribution adjustments cannot reflect MREL excess from 1 January 2026.
EUR-Lex
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Change
Commission Delegated Regulation (EU) 2026/440 deletes the 'Own funds and eligible liabilities held by the institution in excess of MREL' risk indicator from Delegated Regulation (EU) 2015/63, effective for the 2026 contribution period from 1 January 2026, and introduces a fixed time limit for restatement and revision requests.
Why it matters
The deletion removes MREL excess as an adjustable contribution metric, preventing contribution calculations from penalising liquidation entities that do not hold MREL. Resolution authorities must rescale the remaining 'Risk exposure' indicators to equal weight. A non-interruptible time limit applies to all restatement and revision requests from the 2026 contribution period onwards. A transitional 31 January 2031 deadline covers pre-2026 contribution period requests. A new simplified methodology for certain investment firms applies from 1 January 2027.
Implications
- — Resolution authorities calculating annual contributions must exclude the MREL-excess risk indicator for the 2026 contribution period and rescale the remaining 'Risk exposure' indicators to equal weight — failing to apply the revised indicator set renders contribution calculations inconsistent with Delegated Regulation (EU) 2026/440.
- — Resolution authorities and institutions must submit or accept restatement or revision requests for contribution calculations only within the fixed time limit starting from the notification date and expiring on 31 January of the year following the fourth contribution period after notification — requests outside that window are inadmissible and the limit is non-interruptible.
- — Investment firms subject to the basic annual contribution that request the alternative additional-risk adjustment must provide resolution authorities with the information listed in Article 14 within the same reporting deadlines — failure to provide the information within the deadlines prevents application of the lower calculation.
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