In accordance with Article 16b) of the EBA founding Regulation, stakeholders can submit questions on the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA's founding Regulation, as well as the associated Delegated and Implementing acts, RTS, ITS, Guidelines and Recommendations, adopted under these legislative acts. 

    The Q&A process entails close and ongoing interaction between the EBA, the European Commission and Competent Authorities to ensure that the responses to the questions submitted remain consistent with the European legislative texts.

    Any natural or legal person, including competent authorities and Union institutions and bodies can use the Single Rulebook Q&A tool for submitting questions on the legislative acts referred to in Article 1(2) of the EBA’s founding Regulation and their associated Delegated and Implementing Acts, RTS, ITS, Guidelines, or Recommendations.

    Questions should relate to the practical application or implementation of provisions of the relevant Legal Act and/or associated Delegated or Implementing Acts, RTS, ITS, Guidelines, or Recommendations. They should be as short and concise as possible. Legal provisions can be included provided they are short, otherwise the use of references is preferable. Hypothetical (what if) questions should best be avoided. Questions that require the interpretation of these legal instruments will be forwarded to the European Commission who will prepare answers.

    Article 16(b)(2) of the EBA’s founding  Regulation states that Answers to Q&As have no binding force in law. Further, Q&As are not subject to "comply or explain". However, their application is scrutinised and challenged by the EBA and national supervisory authorities given their practical significance to achieve a level-playing field. Peer pressure and market discipline are also expected to play a driving force in ensuring adherence to and compliance with the answers provided in the Q&A process.

    Final answers will be published on Fridays between 1pm and 2pm Central European Time (CET) - adjusted for summer time as appropriate - except if this coincides with an EBA public holiday. In this instance, answers will be published on the preceding working day.