Articles 45f(3) and 45f(4), point (d), BRRD list, among the conditions for the granting of a waiver from internal MREL requirements, the parent or resolution entity having “ declared (…) that it guarantees the commitments entered into by the subsidiary”. On 23rd October we have submitted a question and proposed an answer in relation to these articles which we would like to complement as we came across additional questions and issues in the process of the assessment of individual MREL waivers. One of the aspects of the question submitted relates to the amount of the guarantee and the person benefitting from the guarantee. In our proposed answer, we proposed that the amount of the guarantee be at least equal to the hypothetical MREL requirement, referring to the similar approach taken by the SRB in its MREL policy. We also proposed that a guarantee in favor of the subsidiary is accepted as fulfilling the condition of the Directive, as this is accepted in practice for the SSM capital and liquidity waivers. We note that this wording is identical to this of Article 7 (1) (b) CRR. However, there is no indication in any of those legal texts as to the amount of the guarantee and the nature of the guarantee.The objective of the guarantee, together with the other conditions, is to make sure that a subsidiary subject to iMREL benefit from a strong guarantee from the parent at least up to the iMREL hypothetical target so that an equivalent financial support in terms of amount is offered to the subsidiary. The complementary question considers that we admit that it is reasonable to limit the amount of the guarantee to at least the hypothetical MREL requirement.