# Commission Implementing Regulation (EU) No 650/2014Show full title

Commission Implementing Regulation (EU) No 650/2014 of 4 June 2014 laying down implementing technical standards with regard            to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities            in accordance with Directive 2013/36/EU of the European Parliament and of the Council (Text with EEA relevance)         

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U.K.

# Commission Implementing Regulation (EU) No 650/2014                     

# of 4 June 2014

# laying down implementing technical standards with regard to the format, structure, contents list and annual publication date                        of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament                        and of the Council                     

# (Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Directive 2013/36/EU of 26 June 2013 of the European Parliament and of the Council on access to the activity                           of credit institutions and the prudential supervision of credit institutions and investment firms amending Directive 2002/87/EC                           and repealing Directives 2006/48/EC and 2006/49/EC(1), and in particular Article 143(3) thereof,                        

Whereas:

(1)Directive 2013/36/EU requires competent authorities to disclose certain information in order for the internal banking market                              to operate with increasing effectiveness and for citizens of the Union to have adequate levels of transparency. The information                              disclosed should be sufficient to enable a meaningful comparison of the approaches adopted by the competent authorities of                              the different Member States.

(2)In order to further facilitate this assessment, information from all competent authorities should be published in a common                              format, updated regularly and made accessible at a single electronic location. While the supervisory disclosure requirements                              in Title VIII of Directive 2013/36/EU extend across the field of prudential regulation, as a first step these technical standards                              focus on the supervisory responsibilities which stem from that Directive and from Regulation (EU) No 575/2013 of the European                              Parliament and of the Council(2).

(3)This Regulation is based on the draft implementing technical standards submitted by the European Banking Authority (EBA) to                              the Commission.

(4)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 opinion 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(3).

HAS ADOPTED THIS REGULATION:

## Article 1U.K.Laws, regulations, administrative rules and general guidance

Competent authorities shall, pursuant to Article 143(1)(a) of Directive 2013/36/EU, publish the information on texts of laws,                     regulations, administrative rules and general guidance adopted in their Member State in the field of prudential regulation                     using the applicable forms set out in parts 1 to 8 of Annex I.                  

## Article 2U.K.Options and discretions

Competent authorities shall, pursuant to Article 143(1)(b) of Directive 2013/36/EU, publish the information on the manner                     of exercising the options and discretions available in Union law using the applicable forms set out in Parts 1 to 12 of Annex                     II.                  

## Article 3U.K.General criteria and methodologies for supervisory review and evaluation process

Competent authorities shall, pursuant to Article 143(1)(c) of Directive 2013/36/EU, publish information on the general criteria                     and methodologies they use in the supervisory review and evaluation referred to in Article 97 of that Directive using the                     form set out in Annex III.                  

## Article 4U.K.Aggregate statistical data

Competent authorities shall, pursuant to Article 143(1)(d) of Directive 2013/36/EU, publish the information on aggregate statistical                     data on key aspects of the implementation of the prudential framework using the forms set out in parts 1 to 6 of Annex IV.                  

## Article 5U.K.Annual publication date

Competent authorities shall publish the information listed in Article 143(1) of Directive 2013/36/EU at a single electronic                     location for the first time by 31 July 2014.                  

Competent authorities shall update the information referred to in point (d) of Article 143(1) of that Directive by 31 July                     each year based on the position as at 31 December of the preceding year.                  

Competent authorities shall update the information referred to in points (a) to (c) of Article 143(1) of that Directive regularly,                     and no later than by 31 July of each year, unless there is no change in the information published.                  

## Article 6U.K.Final provisions

This Regulation shall enter into force on the the twentieth day following that of its publication in the *Official Journal of the European Union*.                  

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 4 June 2014.

*For the Commission*                            

*The President*                            

José Manuel Barroso                            

## ANNEX IU.K.**RULES AND GUIDANCE**

### **List of templates**U.K.

Transposition of Directive 2013/36/EU

Model approval

Specialised lending exposures

Credit risk mitigation

Specific disclosure requirements applied to institutions

Waivers for the application of prudential requirements

Qualifying holdings in a credit institution

Regulatory and financial reporting

### PART 1

**Transposition of Directive 2013/36/EU**

### PART 2

**Model approval**

### PART 3

**Specialised lending exposures**

### PART 4

**Credit risk mitigation**

### PART 5

**Specific disclosure requirements applied to institutions**

### PART 6

**Waivers for the application of prudential requirements**

### PART 7

**Qualifying holdings in a credit institution**

### PART 8

**Regulatory and financial reporting**

## ANNEX IIU.K.**OPTIONS AND DISCRETIONS**

### **List of templates**U.K.

#### **Overview of options and discretions set out in Directive 2013/36/EU and Regulation (EU) No 575/2013**U.K.

Overview of options and discretions set out in Directive 2013/36/EU and Regulation (EU) No 575/2013

#### **Details on specific transitional options and discretions set out in Regulation (EU) No 575/2013**U.K.

Transitional provision for own funds requirements (Article 465)

Transitional treatment of unrealised losses measured at fair value (Article 467)

Transitional treatment of unrealised gains measured at fair value (Article 468)

Transitional provisions on the deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items (Article 478)

Transitional recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority                        interests (Article 479)                     

Transitional recognition of minority interests and qualifying Additional Tier 1 and Tier 2 capital (Article 480)

Additional transitional filters and deductions (Article 481)

Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items (Article 486)

#### **Details on specific non-transitional options and discretions set out in Directive 2013/36/EU and Regulation (EU) No 575/2013**U.K.

Variable elements of remuneration (Article 94 of CRD)

Risk weights and criteria applied to exposures secured by mortgages on immovable property (Article 124 of CRR)

Minimum Loss Given Default (LGD) values for retail exposures secured by immovable property (Article 164 of CRR)

### PART 1

**Overview of options and discretions set out in Directive 2013/36/EU and Regulation (EU) No 575/2013**

### PART 2

**Transitional provision for own funds requirements**

### PART 3

**Transitional treatment of unrealised losses measured at fair value**

### PART 4

**Transitional treatment of unrealised gains measured at fair value**

### PART 5

**Transitional provisions on the deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items**

### PART 6

**Transitional recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority                           interests**

### PART 7

**Transitional recognition of minority interests and qualifying Additional Tier 1 and Tier 2 capital**

### PART 8

**Additional transitional filters and deductions**

### PART 9

**Limits for grandfathering of items within CET 1, AT 1 and Tier 2 items**

### PART 10

**Variable elements of remuneration**

### PART 11

**Risk weights and criteria applied to exposures secured by mortgages on immovable property**

### PART 12

**Minimum Loss Given Default (LGD) values for retail exposures secured by immovable property**

## ANNEX IIIU.K.

### **Supervisory review and evaluation process (SREP)**

## ANNEX IVU.K.**STATISTICAL DATA**

### **List of templates**U.K.

Data on national financial sector

Data on credit risk

Data on market risk

Data on operational risk

Data on supervisory measures and administrative penalties

Data on waivers

### PART 1

**Data on national financial sector (year 20XX)**

### *Instructions for the template:*U.K.

#### (1)The figure includes domestically incorporated institutions, branches of the EEA as well as non-EEA institutions. Any number                        of places of business set up in the respective country by an institution with headquarters in another country, is counted                        as one institution. The definition includes branches/subsidiaries of foreign institutions but not foreign branches/subsidiaries                        of domestic institutions (host country approach).U.K.

#### (2)Non-consolidated data required. Calculated on a residential basis (host country approach, with a population that corresponds                        to the principles, as laid down under (1)).U.K.

#### (3)Any number of places of business set up in the same country by a credit institution with headquarters in another country should                        be counted as a single branchU.K.

#### (4)Any subsidiary of a subsidiary undertaking shall be regarded as a subsidiary of the parent undertaking which is at the head                        of those undertakingsU.K.

### PART 2

**Data on credit risk (year 20XX)**

### PART 3

**Data on market risk (year 20XX)**

### PART 4

**Data on operational risk (year 20XX)**

### PART 5

**Data on supervisory measures and administrative penalties (year 20XX)**

### PART 6

**Data on waivers (year 20XX)**

1

OJ L 176, 27.6.2013, p. 338.                           

2

Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit                              institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).                           

3

Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory                              Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).