(12)Regulation (EU) 2024/1623 introduced into Title IV of Regulation (EU) No 575/2013 a new framework for calculating the own funds requirements for market risk, based on the BCBS’s Fundamental review of the trading book (FRTB). That amendment was necessary to address the deficiencies identified in the current market risk capital requirements framework for trading book positions. In accordance with the new framework, institutions are to apply a simplified standardised, an alternative standardised, or an alternative internal model approach to calculate the own funds requirements for market risk. Those amendments should be reflected in the disclosure templates by the introduction of a comprehensive set of disclosures tables and templates. That new set of disclosures tables and templates should be effective when the regulatory framework for market risk based on the Basel’s FRTB standards starts to apply in the Union. In the meantime, the disclosure requirements as currently applicable should continue to apply. To have a comprehensive understanding of the use of that new approach, institutions using the alternative internal model approach should, at the first date of application of the new disclosure framework, disclose the quantitative information together with the qualitative information.