This Annex to the Key Attributes of Effective Resolution Regimes for Financial Institutions (the 'Key Attributes', KAs) provides implementation guidance for jurisdictions and national authorities on the standards on information sharing set out in KAs 7.6, 7.7 and 12 and for Crisis Management Groups (CMGs) that are developing institution-specific cross-border cooperation agreements (COAGs). It complements the provisions in Annex 2 of this Appendix on essential elements of COAGs and, in particular, the provisions in section 6 of that Annex on cooperation mechanisms and information sharing frameworks, by providing additional detail on elements of the framework to support information sharing as required by KAs 7.6, 7.7 and 12 [Where components of this Annex have been deemed important for purposes of assessing compliance with the Key Attributes, those components are explicitly reflected in the Key Attributes Assessment Methodology.].

Those elements are divided into two sections.

1. Principles on information sharing for resolution purposes - setting out principles for the design of national legal gateways and related confidentiality regimes to facilitate effective sharing of non-public information between domestic and foreign authorities for the purposes of carrying out functions relating to resolution. This first section elaborates on the standards for information sharing, confidentiality requirements and statutory safeguards set out in KAs 7.6, 7.7 and 12.