Regulatory Alerts2015-10-02
Instruction No. 2015-I-21 on the transmission of regulatory reporting for the 'banking separation law' sub-group for institutions with a dedicated subsidiary
The Prudential Control and Resolution Authority issued Instruction No. 2015-I-21 to mandate regulatory reporting for credit institutions and financial holding companies that have established a dedicated subsidiary under the 2013 Banking Separation Law. The instruction requires these entities to submit consolidated declarations regarding own funds, large exposures, and leverage ratios to the Authority's General Secretariat, explicitly excluding the dedicated subsidiary from the consolidation base. These reporting obligations align with EU Implementing Regulation No. 680/2014 and became effective upon the document's publication on October 2, 2015.
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