(3)In recent months, the monitoring of the implementation of the FRTB standards has shown that while most jurisdictions have indeed progressed with the implementation of those standards, uncertainty remains around the implementation timelines and around the final rules in the jurisdictions that have many internationally active credit institutions. To avoid significant competitive disadvantages for Union credit institutions in their trading activities, the prudential framework for the calculation of the own funds requirements for market risk should be amended temporarily for three years. The targeted amendments should address specific aspects of the prudential framework where deviations in other jurisdictions have been identified or are extremely likely.