The draft technical standards aim at offering a single framework of requirements for the reporting of intra-group transactions and risk concentration by financial conglomerates subject to supplementary supervision in the European Union.
The draft technical standards were developed based on the mandate included in Financial Conglomerates Directive (FICOD).
The ITSs provide the foundation for the harmonisation of reporting, with one single set of templates and a single embedded dictionary using common definitions and a single set of instructions to fill in the templates.
The ITSs will help the coordinators and other relevant competent authorities to identify relevant issues and exchange information more efficiently, thereby reducing costs and fostering a level playing field across financial conglomerates in the European Union.
Please note that the deadline for the submission of comments is Thursday, 15 August 2019 at 23.59 hrs CET.
Press release
Consultation Paper
ANNEX to draft ITS
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