Process & Authorisation
EBA Guidelines
Non-binding EBA convergence tools — same "comply or explain" mechanism as ESMA Guidelines, applied in EBA areas.
Definition
EBA Guidelines parallel ESMA Guidelines in EBA-supervised areas — ART issuer reserves, custody operations, AML/CFT for CASPs, recovery and resolution planning. Same "comply or explain" mechanism. Comply-with-explanation must be substantive, not formulaic.