(1)

Commission Delegated Regulation (EU) 2025/1496 (2) amended Article 520a of Regulation (EU) No 575/2013 to postpone the date of application of the own funds requirements for market risk from 1 January 2026 to 1 January 2027. It is therefore necessary to extend the application of the transitional provisions of Commission Implementing Regulation (EU) 2024/3172 (3) and to defer the repeal of Commission Implementing Regulation (EU) 2021/637 (4) by another year.

(2)

Regulation (EU) 2024/1623 of the European Parliament and of the Council (5) replaced, inter alia, Article 434 of Regulation (EU) No 575/2013 by introducing the centralisation of public disclosures from institutions other than small and non-complex on the European Banking Authority (EBA)’s website (single access point). That amendment should be reflected in Regulation (EU) 2024/3172 by introducing a minimum set of rules to ensure the interoperability of the disclosure formats with the adequate functioning of the single access point for the publication of the disclosures.

(3)

To ensure that the EBA can disclose the information in its single access point, specific uniform disclosure formats should be laid down. Those uniform disclosure formats should also apply with regard to the submission to the EBA of the written attestation required to be included in an institution’s disclosures pursuant to Article 431(3) of Regulation (EU) No 575/2013.

(4)

To ensure that the EBA single access point allows for the comparability, transparency and accessibility of the disclosures concerned, the uniform disclosure formats should ensure that the information contained therein is both human-readable and machine-readable.

(5)

To ensure that the EBA single access point is fit for purpose, and thus to ensure that the data submitted comply with the appropriate data formats, the EBA single access point should be able to perform technical validations. Where the outcome of such validations results in a rejection, institutions should be automatically informed of the rejection and its rationale, so that they are able to resubmit the information submitted without undue delay.

(6)

Given that institutions may require more time to submit the required information in line with the new disclosure formats, they should be allowed, with regard to submissions with a reference date in 2025, alternative means of disclosures.

(7)

EBA has developed the IT tools for the centralisation of disclosures by credit institutions, other than small and non-complex institutions. For small and non-complex institutions, the relevant IT tools are still being designed given the importance of making them proportionate. This two-step approach should ensure that the administrative burden related to complying with disclosure obligations is reduced for small and non-complex institutions.

(8)

Implementing Regulation (EU) 2024/3172 should therefore be amended accordingly.

(9)

This Regulation is based on the draft implementing technical standards submitted to the Commission by the EBA.

(10)

The EBA has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (6).

(1)

in Article 16, paragraph 2 is replaced by the following:

(2)

after Article 24, the following articles 24a, 24b, 24c and 24d are inserted:

(3)

in Article 27, paragraphs 1 and 2 are replaced by the following: