(1)Commission Implementing Regulation (EU) 2021/637 2 laid down uniform disclosure formats to ensure the uniform application of Regulation (EU) No 575/2013. Regulation (EU) 2024/1623 of the European Parliament and of the Council 3 amended Regulation (EU) No 575/2013 to incorporate into that regulation the international standards of the Basel Committee on Banking Supervision’s third International Regulatory Framework for banks (referred to as ‘Basel III’). Those international standards contain prudential disclosure standards to improve transparency and consistency in the area of prudential requirements for credit institutions. It is therefore necessary to amend the rules on uniform disclosure formats to reflect those changes in the specifications relating to disclosure obligations.
Recital 1
Recital 1
- 3 Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor ( OJ L, 2024/1623, 19.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1623/oj ). ↩
- 2 Commission Implementing Regulation (EU) 2021/637 of 15 March 2021 laying down implementing technical standards with regard to public disclosures by institutions of the information referred to in Titles II and III of Part Eight of Regulation (EU) No 575/2013 of the European Parliament and of the Council and repealing Commission Implementing Regulation (EU) No 1423/2013, Commission Delegated Regulation (EU) 2015/1555, Commission Implementing Regulation (EU) 2016/200 and Commission Delegated Regulation (EU) 2017/2295 ( OJ L 136, 21.4.2021, p. 1 , ELI: http://data.europa.eu/eli/reg_impl/2021/637/oj ). ↩