Having considered the grounds put forward by the EBA, the European Commission responded with an agreement to the revised deadlines for the submission of certain CRR regulatory products.
New or significantly revised mandates were introduced for the EBA following the finalisation of the Capital Requirements Directive IV (CRDIV) and of the Capital Requirements Regulation (CRR), published in the Official Journal on 27 June 2013, and their corrigenda of 2 August 2013.
These legal texts set deadlines for various provisions, including some EBA technical standards, for which they stated that publication was due within a month from their entry into force.
Referring to its founding Regulation No 1093/2010, the EBA consulted with the European Commission on the extension of deadlines for the concerned technical standards.
Having considered the grounds put forward by the EBA, the European Commission responded with an agreement to the revised deadlines for the submission of the following regulatory products:
-
Article 105(14) CRR – RTS on prudent valuation:1 June 2014
-
Article 28(5) CRR – RTS on multiple distribution for own funds: 1 April 2014
-
Article 36(2) CRR – RTS on specific deductions from own funds: 1 January 2014
-
Article 73(7) CRR – RTS on broad market indices for own funds: 1 January 2014
-
Article 84(4) CRR – RTS on calculation of minority interests for own funds: 1 January 2014
-
Article 100 CRR – ITS on asset encumbrance reporting: 1 November 2013
Full news
© EBA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article