The European Banking Authority (EBA) launched today a consultation on (i) regulatory technical standards (RTS) on the information to be provided to Competent Authorities for the authorisation of credit institutions and (ii) implementing technical standards (ITS) on the templates and procedures for the provision of such information. These standards aim at harmonising the information requirements in the authorisation process across the EU, thus facilitating the application process and ensuring a level playing field. The consultation runs until 8 February 2017.
Considering the sensitive nature of the activity of a credit institution, the application for authorising a credit institution needs to be supported by a substantial amount of information. The RTS aim at structuring such information, which includes, among others, the history of the applicant credit institution, the activities it intends to carry out, its own funds, its shareholders with qualifying majority, the management body, and also the obstacles which may prevent effective the exercise of the Competent Authority’s supervisory functions. The RTS finally introduce some flexibility in the information requirements so as to adjust them to the different nature of each application.
To ensure consistency and level playing field in the provision of the information, the ITS set out standard forms, templates and procedures.
Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 8 February 2017.
All contributions received will be published following the close of the consultation, unless requested otherwise. A public hearing will then take place at the EBA premises on 12 December 2016 11:00 to 12:00 UK time.
Legal basis and background
These draft RTS have been developed in accordance with Article 8(2) of the Capital Requirements Directive (CRD), which mandates the EBA to specify the information to be provided to competent authorities in the application for the authorisation of credit institutions. The draft ITS have been developed according to Article 8(3) of the CRD, which mandates the EBA to produce standard forms, templates and procedures for the provision of such information.
- European Association of Public Banks
- German Banking Industry Committee
- Global Legal Entity Identifier Foundation (GLEIF)
- KPMG LLP
- National Bank of Romania