Regulation on financial contracts that should be contained in the detailed records and the circumstances in which the requirement should be imposed

This regulation sets out the specific technical standards for the information that banks and investment firms must keep regarding their financial contracts. These detailed records are essential for authorities to quickly assess a firm's financial position and manage its resolution if the firm faces failure, helping to prevent broader financial instability.

This affects credit institutions and investment firms, requiring them to maintain more precise documentation of their contracts to ensure supervisors can intervene effectively during a financial crisis.