MFSA Publishes Guidance for Reporting Under Framework 3.0
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
- Reporting Guidelines for Credit Institutions (XLSX)
- Reporting Guidelines for Foreign Branches (XSLX)
- Circular and Template on IPU Threshold Monitoring
- Guidance on Penalty Calculations Guide
Keywords: Europe, Malta, Banking, Investment Firms, Reporting, CRD IV, Basel, Framework 3.0, Intermediate Parent Undertakings, Administrative Penalty, Compliance Risk, MFSA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
ECB Reports Examine Health of Financial Sector in EURelated Articles
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
FSB Reports Assess NBFI Sector and Progress on LIBOR Transition
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.
