Implementing Technical Standards on institutions’ public disclosures of the information referred to in Titles II and III of Part Eight of Regulation (EU) No 575/2013
- Status: Adopted and published in the Official Journal of the EU
The Commission Implementing Regulation (EU) 2024/3172 provides a comprehensive Pillar 3 disclosure framework that promote comparability and consistency of information. This Regulation also implements changes introduced by the CRR3 and align the disclosure framework with international standards.
The Commission Implementing Regulation (EU) 2024/3172 repeals Commission Implementing Regulation (EU) 2021/637 with a view to make the technical standards more user-friendly for institutions. The IT solutions according to which disclosures have to be provided, including instructions, can be found on the EBA website.
History of Commission Implementing Regulation (EU) 2021/637
Since the application of the ITS on Pillar 3 disclosures of 28 June 2021, the following standards were repealed:
- Implementing Technical Standards on Disclosure for Own Funds
- Regulatory Technical Standards on disclosure of information related to the countercyclical capital buffer
- Implementing Technical Standards on disclosure for leverage ratio
- Regulatory Technical Standards on the disclosure of encumbered and unencumbered assets
Furthermore, considering the full overlap of the ITS on Pillar 3 disclosures with earlier requirements, the EBA reviewed the status of several disclosure guidelines, as explained in this press release.
The original version of the ITS on Pillar 3 disclosures has been amended By the following ITS:
- Implementing Technical Standards on disclosure of indicators of global systemic importance by G-SIIs
- Implementing Technical Standards on disclosure of information on exposures to interest rate risk on positions not held in the trading book
- Implementing Technical Standards (ITS) on prudential disclosures on ESG risks in accordance with Article 449a CRR
A consolidated text of the ITS was provided by the Commission on 8 January 2023. It is a documentation tool which has no legal effect.