This Directive, which concerns the ranking of unsecured debt instruments in insolvency hierarchy, is complementary to the aforementioned legislative acts, as proposed to be amended, and to Directive 2013/36/EU of the European Parliament and of the Council [7].(3) In view of those proposals and in order to ensure legal certainty for markets and for entities subject to MREL and TLAC, it is important to ensure timely clarity about the eligibility criteria of liabilities used for compliance with MREL and with Union law implementing TLAC, and to introduce appropriate grandfathering provisions for the eligibility of liabilities issued before the revised eligibility criteria come into effect.
Tá an Treoir seo, a bhaineann le hionstraimí fiachais neamhurraithe a rangú in ordlathas dócmhainneachta, ina comhlánú ar na gníomhartha reachtacha thuasluaite, mar a mholtar iad a leasú, agus ar Threoir 2013/36/AE ó Pharlaimint na hEorpa agus ón gComhairle [7].(3) I bhfianaise na dtograí sin agus d’fhonn deimhneacht dhlíthiúil a áirithiú do mhargaí agus d’eintitis atá faoi réir ICDI agus TLAC, tá sé tábhachtach a áirithiú go ndéanfar soiléiriú go pras ar chritéir incháilitheachta na ndliteanas a úsáidtear don chomhlíonadh le ICDI agus leis an gcuid sin de dhlí an Aontais lena gcuirtear TLAC chun feidhme, agus go dtabharfar forálacha iomchuí marthanachta isteach maidir le hincháilitheacht na ndliteanas a eisítear roimh theacht i bhfeidhm na gcritéar athbhreithnithe incháilitheachta.