Regulatory Alerts2020-09-14
Implementation of EBA Guidelines amending EBA/GL/2018/01 on the transitional period to mitigate the impact of IFRS 9 on own funds
The Prudential Control and Resolution Authority (ACPR) declares compliance with EBA Guidelines EBA/GL/2020/12, which amend uniform reporting requirements under Article 473bis of the CRR regarding the IFRS 9 transitional period. These guidelines apply to credit institutions and investment firms under ACPR supervision from August 11, 2020, until the end of the specified transitional period. Affected entities are required to make all reasonable efforts to comply with these guidelines in accordance with Article 16 of Regulation (EU) No 1093/2010.
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