Regulatory Alerts2018-02-28
Implementation of EBA Guidelines on uniform publications under Article 473 bis of Regulation (EU) No 575/2013 (EBA/GL/2018/01)
The Prudential Control and Resolution Authority (ACPR) has declared compliance with the European Banking Authority's guidelines on uniform publications regarding IFRS 9 transitional provisions. These guidelines apply to credit institutions and investment firms supervised by the ACPR, excluding portfolio management companies, starting from March 20, 2018. The institutions are required to take all necessary measures to comply with these guidelines in accordance with Regulation (EU) No 1093/2010.
NOTICE Implementation of the European Banking Authority Guidelines on uniform publications under Article 473 bis of Regulation (EU) No 575/2013 on transitional provisions to mitigate the impact of the introduction of IFRS 9 on own funds (EBA/GL/2018/01)
The Prudential Control and Resolution Authority (ACPR) has declared itself compliant with the European Banking Authority's guidelines (EBA/GL/2018/01) regarding uniform publications under Article 473 bis of Regulation (EU) No 575/2013 on transitional provisions to mitigate the impact of the introduction of IFRS 9 on own funds (EBA/GL/2018/01). These guidelines are annexed to this notice.
Under the conditions set out in paragraph 6 of these guidelines, they are applicable, as of March 20, 2018 and until the end of the transitional period referred to in paragraph 6 of Article 473 bis of Regulation (EU) No 575/2013, to credit institutions and investment firms, other than portfolio management companies, subject to the supervision of the ACPR, which must take all measures to comply with them, in accordance with the provisions of Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority).