(a) the role(s) and function(s) of the person(s) responsible for preparing, implementing and updating the plan;

(b) the description of how the recovery plan fits with the stablecoin issuer’s internal governance, business strategy and risk management framework;

(c) the description of the processes and timeframes to be used for the periodical update of the plan and for updating it to respond to any material changes affecting the specific stablecoin, the licensed stablecoin issuer or its environment;

(d) the policies and procedures governing the approval of the recovery plan and its reviews and updates;

(e) the escalation procedures, meaning the conditions and procedures necessary to ensure the timely implementation of particular recovery options foreseen in the recovery plan. It should include clear information on the decision-making process with regard to the activation of the recovery plan based on a detailed escalation process that applies when a breach of a recovery plan indicator threshold is detected or is likely to materialise in the near future, to consider and determine which recovery option may need to be applied to restore the compliance with the relevant regulatory requirements applicable to the reserve asset or to continue rendering services related to the relevant approved stablecoin;

(f) the time limit for the decision on taking recovery actions and the point in time, as well as the modalities, for informing the CBB;

(g) the description of quantitative and qualitative indicators reflecting possible vulnerabilities, weaknesses or threats to the amount, liquidity and allocation of the reserve assets and the funds that stablecoin issuers have to maintain at any time.