Recital 1

(1)Directive (EU) 2024/1619 of the European Parliament and of the Council ² amended Directive 2013/36/EU to, inter alia , introduce a new regime, in Title VI of that Directive, for the establishment, regulation and supervision of third-country branches in the Union. That regime sets out supervisory powers for competent authorities with regard to third-country branches. As part of that regime, and for the purpose of framing the use of the supervisory powers for third-country branches, specification of the information to be received by the competent authorities should be based on a common supervisory reporting framework, for facilitating the effective supervision of compliance by third-country branches with applicable prudential and supervisory requirements.