Regulatory Alerts2022-11-10
Added · Updated
Circular to Credit Institutions on New Banking Rule BR/27 on the Application of Certain Options and National Discretions
Banking Rule BR/27 establishes the approach for exercising options and national discretions (ONDs) under the Capital Requirements Regulation, effective immediately. Part 1 supplements the CRR Implementing and Transitional Provisions Regulations by setting further conditions and information requirements for stipulated ONDs. Part 2 implements specific ONDs contained in Commission Delegated Regulation (EU) 2015/61 regarding the Liquidity Coverage Requirement. The rule applies to credit institutions licensed under the Banking Act and prevails over any conflicting provisions within the circular.
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