This Circular is addressed to all institutions under the responsibility of BaFin as national resolution authority, provided that BaFin has informed institutions in the context of resolution planning that it has to be complied with. The Circular sets out the minimum requirements for information to be provided and for the technical and organisational resources needed to ensure the provision of information. These requirements are important prerequisites for a swift and precise implementation of the WDCCI power (Write Down and Conversion of Capital Instruments) and the bail-in tool pursuant to Sections 89 and 90 of the German Act on the Recovery and Resolution of Institutions and Financial Groups (SAG) and Articles 21 and 27 of the Regulation on the Single Resolution Mechanism (SRMR).
