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These Final draft Implementing Technical Standards (ITS) amend Commission Implementing Regulation (EU) No 680/2014 on supervisory reporting under Regulation (EU) No 575/2013 of the European Parliament and of the Council. Minor changes to this Regulation, itself based on EBA draft ITS (‘original draft ITS’), were required to be made to the reporting templates and instructions. These were deemed necessary in order to reflect published answers to the Single Rulebook Q&As, as well as in order to correct legal references and other clerical errors.
In respect of the original draft ITS endorsed by the Commission with Implementing Regulation (EU) No 680/2014, the European Banking Authority has conducted open public consultations, analysed the potential related costs and benefits and requested the opinion of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/20102. However, in respect of the current draft ITS, given that the amendments they contain do not involve significant changes in substantive terms, pursuant to the second subparagraph of Article 15(1) of Regulation (EU) No 1093/2010, the European Banking Authority has not conducted an open public consultation, considering that it would be disproportionate in relation to the scope and impact of the draft ITS concerned.
Given the scope of the changes introduced by these draft ITS in the instructions and templates and in the interest of clarity, the procedure followed has been to replace the whole relevant Annexes. For the sake of consistency, this approach of replacing Annexes has been applied throughout the draft ITS even though the changes might be limited in the case of some of the Annexes. This also serves the purpose of having a consolidated version of the updated draft ITS package, more useful to the EBA stakeholders.