The Council of the European Union has issued a corrigendum on 7 August 2026 (document 12079/26) correcting a language error in the French version of Regulation (EU) 2019/877, which amends the loss-absorbing and recapitalisation capacity rules for credit institutions and investment firms. The correction, which is purely technical and limited to the French text, replaces the phrase "instrument de renflouement interne" (bail-in instrument) with "engagements utilisables pour un renflouement interne" (liabilities usable for a bail-in) on page 251, Article 1, point 11(c) of the Official Journal L 150 of 7 June 2019. The change does not affect the substance or application of the regulation.
The corrigendum was issued under Procedure 2(b), which applies to obvious errors in one language version, and has been transmitted to the European Parliament. Member States have eight days to submit observations to the Council's legal service at dql.rectificatifs@consilium.europa.eu. This is a routine administrative step, and no substantive policy change is involved.
Regulation (EU) 2019/877, adopted on 20 May 2019, is part of the EU's banking package that implements the Financial Stability Board's Total Loss-Absorbing Capacity (TLAC) standard for global systemically important banks. It amends the Single Resolution Mechanism Regulation (EU) No 806/2014 to require that banks maintain sufficient loss-absorbing and recapitalisation capacity, ensuring that in a resolution, shareholders and creditors bear losses before public funds are used. The regulation applies to credit institutions and investment firms within the Banking Union, and its provisions are central to the EU's crisis management framework.
The correction is unlikely to have any practical impact on stakeholders. Credit institutions and investment firms subject to the regulation will continue to comply with the same requirements, and resolution authorities, including the Single Resolution Board, will apply the rules as before. The only direct effect is on the French-language legal text, which now more accurately reflects the intended meaning of the provision. The change may slightly improve legal clarity for French-speaking legal practitioners and compliance officers, but it does not alter any obligations or rights.
No further institutional follow-up is expected beyond the transmission to the European Parliament and the observation period for Member States. The corrigendum will be published in the Official Journal in due course, and the corrected French text will become the authoritative version for that language.