Regulatory Alerts2024-11-29
Added · Updated
Commission Implementing Regulation (EU) 2024/3117 on supervisory reporting of institutions
The European Commission adopted Implementing Regulation (EU) 2024/3117 to repeal and replace Regulation (EU) 2021/451, establishing updated implementing technical standards for the supervisory reporting of institutions under Regulation (EU) No 575/2013. The regulation introduces new reporting templates and frequencies for own funds, capital requirements, credit risk, and crypto assets to align with Basel III standards, while specifying entry and exit thresholds for reporting obligations. It sets mandatory submission deadlines, such as the 15th calendar day for monthly reports, and grants institutions until 29 June 2025 to begin compliance with the revised framework.
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