In this edition, we provide an update on the delayed deadline for the UK Resolvability Assessment Framework disclosure requirements and the publication of the Building Societies Act 1986 (Amendment) Act 2024. Our edition also features recent European Banking Authority reports on various technical standards under the EU Capital Requirements Regulation and a compilation of recent technical standards and guidelines published under the Regulation (EU) 2023/1114 on Markets in Cryptoassets (MiCAR). Some of these changes impose strict regulatory deadlines on firms while also offering new business opportunities.
PRA modification by consent delaying deadline for Resolvability Assessment Framework disclosures
On 6 June 2024, the Prudential Regulation Authority (PRA) updated its webpage on waivers and modifications of rules to set out information on a modification by consent of rule 4.1 of the Resolution Assessment Part of the PRA Rulebook to delay the deadline for the UK Resolvability Assessment Framework disclosure requirements.
Read here to know further on these deadlines
Building Societies Act 1986 (Amendment) Act 2024 published
On 4 June 2024, the Building Societies Act 1986 (Amendment) Act 2024 was published on legislation.gov.uk.
Read here to know more on the changes brought by this Act
EBA final report on ITS for disclosures under CRR
On 20 June 2024, the European Banking Authority (EBA) published a final report on the draft Implementing Technical Standards (ITS) which implement the Capital Requirements Regulations III (CRR III) requirements on prudential disclosures.
Click here to know more about these standards
EBA final report on amendments to RTS on standardised approach for counterparty credit risk under CRR
On 24 June 2024, the European Banking Authority (EBA) published its final draft amending Regulatory Technical Standards on the standardised approach for counterparty credit risk (SA-CCR). This regulatory product is part of the new roadmap on the Banking Package.
Read here to see what these changes are
EU Regulatory developments on MiCAR
It has been an extremely busy month for developments on the Regulation (EU) 2023/1114 on Markets in Cryptoassets (MiCAR). In this edition we have done a compilation of recent technical standards and guidelines published under MiCAR to help you navigate through these standards.
Read here to see what those guidelines and standards relate to
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