Regulatory Alerts2020-08-27
C3/2020: Disclosure of capital related matters
The Prudential Authority issued Circular 3/2020 to clarify capital-related public disclosure requirements for banks and auditors under Regulation 43 and Directive 1/2019. The document mandates semi-annual reporting of regulatory capital composition using template CC1 and specifies the calculation of the minimum required capital ratio by excluding bank-specific add-ons from public disclosure. These updated guidelines replace Circular 6/2016 and require the disclosure of the D-SIB capital add-on for all templates published after 1 September 2020.
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