Authorisation to issue statutory instruments

The Federal Ministry of Finance is authorised to issue, by statutory instrument not requiring the consent of the Bundesrat, more detailed provisions, having regard to the regulatory technical standards adopted under Article 36(14), (15) and (16) of Directive 2014/59/EU, on 1. the requirements for the independence of the independent expert valuer under section 70(1), 2. the method to be applied for the valuation of assets and liabilities, and 3. the method to be applied for calculating and incorporating the buffer under section 74(3). The Federal Ministry of Finance may transfer this authorisation, by statutory instrument, to the resolution authority.