The EBA publishes the final amending ITS on supervisory disclosure under CRD

EBA published its final draft amending ITS on supervisory disclosures. These amendments specify the format, structure, contents list, and annual publication date of the supervisory information that competent authorities must disclose. The changes aim to align the ITS with the updated EU legal framework, particularly the changes related to supervisory reporting and investment firms.
The amended draft ITS enhance the quality and comparability of the reported data by supervisors and provide the market with more information, increasing transparency. They reflect changes resulting from the adoption of the banking package, which includes Directive (EU) 2019/878 (CRD V) and Regulation (EU) 2019/876 (CRR2). The amendments also align the aggregate statistical data with the ITS on supervisory reporting, reducing additional burden by utilizing data received from institutions.
The draft ITS will undergo endorsement by the EC before being published in the OJ of the EU. The application of these technical standards is expected to begin on 31 December 2023, with the first publication date set for 30 June 2024.
The final report also provides details on the main features of the draft amending ITS, including updates to Annex I, which corrects legal references and removes irrelevant sections. Annex II is revised to add options and discretions from the CRR/CRD review and remove those applicable to investment firms. Annex III incorporates EBA’s new Guidelines on SREP, while Annex IV is updated to align with the ITS on supervisory reporting.