Electronic communication; authorisation to issue statutory instruments

(1) Undertakings are obliged to transmit to the resolution authority, electronically, through the electronic communication procedure made available by the resolution authority, information and analyses under section 42(1), second sentence, notifications and reports made on account of obligations imposed by the resolution authority under section 42(1), third sentence, and other information, documents and reports that are to be submitted to the resolution authority under the provisions of this Act, unless the resolution authority specifies a different means of transmission. Undertakings are obliged to open and use access for the electronic transmission of the information, analyses, reports and documents referred to in the first sentence, and for the notification and service of administrative acts, in the electronic communication procedure made available.
(2) The Federal Ministry of Finance is authorised to issue, by statutory instrument not requiring the consent of the Bundesrat, more detailed provisions on access to electronic communication and on the conduct and use of electronic communication. The Federal Ministry of Finance may, by statutory instrument, delegate the authorisation to the Federal Financial Supervisory Authority.