Featured Product

    MFSA Publishes Guidance for Reporting Under Framework 3.0

    May 25, 2022

    The Malta Financial Services Authority (MFSA) published guidelines for credit institutions and foreign branches under the reporting framework 3.0 (reporting under the Capital Requirements Directive), a guidance note on administrative penalty calculations for breaches of regulatory requirements, and a circular and the associated template on threshold monitoring with respect to the intermediate European Union (EU) parent undertakings (IPUs).

    The circular on the intermediate EU parent undertakings informs all credit institutions, investment firms, and third-country groups about the monitoring of the threshold and other procedural aspects on the establishment of the intermediate EU parent undertakings. EU parent institutions, stand-alone institutions, and third-country branches belonging to third-country groups are requested to submit the dedicated template to MFSA, following the template instructions outlined therein. The information shall be compiled using December 31, 2021 as the reference date and shall be submitted to MFSA by June 17, 2022. In addition to the submission of this template, EU parent institutions and stand-alone institutions belonging to the third-country groups are also requested to immediately notify MFSA in case of a material change identified through the quarterly assessments. A material change shall be understood as a change that would alter the final outcome as submitted to MFSA through the dedicated template, such as, a change that would bring the total value of assets of the third-country group entities in EU to exceed the EUR 40 billion threshold in that quarter.

     

    Related Links


    Keywords: Europe, Malta, Banking, Investment Firms, Reporting, CRD IV, Basel, Framework 3.0, Intermediate Parent Undertakings, Administrative Penalty, Compliance Risk, MFSA

    Featured Experts
    Related Articles
    News

    APRA Publishes Results of Climate Risk Self-Assessment Survey

    The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.

    August 04, 2022 WebPage Regulatory News
    News

    ACPR Publishes Updates Related to CRD IV and Covered Bonds

    The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).

    August 03, 2022 WebPage Regulatory News
    News

    BIS Paper Contributes to Debate on Regulating NBFIs and Big Techs

    The Financial Stability Institute (FSI) of the Bank for International Settlements recently published a paper proposing a framework for classifying financial stability regulation as either entity-based or activity-based.

    August 03, 2022 WebPage Regulatory News
    News

    EIOPA Publishes Guidance on Climate Change Scenarios in ORSA

    The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).

    August 02, 2022 WebPage Regulatory News
    News

    EBA and ECB Respond to Proposals on Sustainability Disclosures

    The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.

    August 01, 2022 WebPage Regulatory News
    News

    BIS Report Notes Existing Gaps in Climate Risk Data at Central Banks

    A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.

    July 29, 2022 WebPage Regulatory News
    News

    EBA Publishes Multiple Regulatory Updates for Regulated Entities

    The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.

    July 29, 2022 WebPage Regulatory News
    News

    EIOPA Issues SII Taxonomy and Guide on Sustainability Preferences

    The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.

    July 29, 2022 WebPage Regulatory News
    News

    EESC Opines on Proposals on CRR and European Single Access Point

    The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).

    July 29, 2022 WebPage Regulatory News
    News

    HM Treasury Publishes Multiple Regulatory Updates in July 2022

    HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.

    July 29, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8424