EBA updates Recommendation on the equivalence of third country confidentiality regimes

08 November 2018

The EBA's equivalence assessment, which is based on the relevant provisions of the Capital Requirements Directive (CRD IV), has considered other third country authorities as equivalent.

Following third country authorities has considered as equivalent:

• The ADGM Financial Services Regulation Authority – the Abu Dhabi Global Market;
• The Financial Supervisory Service – the Republic of South Korea;
• The National Bank of Moldova – the Republic of Moldova;
• The Securities and Futures Commission – Hong Kong.

The EBA has assessed confidentiality regimes of third countries with respect to Article 116 (6) CRD. The results were published in a first set of Recommendations in 2015, which were amended in December 2017 and June 2018, to include other third-country authorities that were assessed as equivalent.

As the assessment is an ongoing process, and the EBA has since then completed the assessment of a further set of authorities, the outcomes of these new assessments are reflected in the present amending Recommendations.

Press release

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