Regulatory Alerts2025-03-13
Added · Updated
Circular to Credit Institutions including Foreign Branches on the Supervisory Reporting Requirements – ITS v4.0
The Malta Financial Services Authority updates the supervisory reporting framework for credit institutions and foreign branches by adopting Implementing Technical Standards (ITS) version 4.0, which aligns with CRR3 and CRD6. Implementing Regulation (EU) 2021/451 is repealed and ceases to apply from 1 January 2025, except for specific provisions remaining in effect until 31 December 2025. Key amendments include new requirements for monitoring the output floor at 72.5% of standardised approach calculations, revised templates for credit, market, and operational risk, and transitional reporting for crypto-asset exposures. Remittance dates for the 31 March 2025 reference period are extended to 30 June 2025 for COREP Own Funds and Leverage Ratio modules, while other quarterly modules follow a standard deadline of 12 May 2025.
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