The European Banking Authority (EBA) adopted a Decision on the way competent authorities supervising investment firms under the Investment Firms Regulation (IFR) will transmit supervisory data to EBA. The Decision sets out the scope, timing, and modalities of the data submission via the European Centralized Infrastructure of Data (EUCLID), with the first data submission expected by December 31, 2022.
The supervisory data from all investment firms will complement EBA data collections from credit institutions, banking groups, payment institutions, and e-money institutions. Information on the supervisory and financial reporting of investment firms is necessary for EBA to enable it to properly discharge its regulatory, convergence, and advisory tasks in the area of the prudential supervision of investment firms. In accordance with the provisions set out in this Decision, the competent authorities shall submit, to EBA, the supervisory and financial reporting data they received from investment firms in accordance with the relevant provisions of the Capital Requirements Regulation (Part Seven A), the Investment Firms Regulation (Part Seven), the Credit Institution Reporting Regulation, and the Investment Firms Reporting Regulations. As per the Decision, the competent authorities shall submit the data to EBA within 25 business days from the reporting remittance dates referred to in the Investment Firms Reporting Regulations or in the Credit Institution Reporting Regulation. Access to this data shall be provided in conformity with the EBA Regulation. The data referred to in this Decision shall be regarded as information submitted through EUCLID and the EUCLID Decision shall apply. The first submission of data shall be made by the remittance date of December 31, 2022 and shall include all the data starting from the reference date of March 31, 2022.
Keywords: Europe, EU, Banking, Investment Firms, Supervisory Reporting, EUCLID, Investment Firms Regulation, CRR, IFR, Credit Risk, Basel, Reporting, EBA
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