Asset Management

Issue 1166 / 30 June 2022

Overview

  • EU Investment Firms Regulation - EBA publishes Decision on NCA reporting of supervisory data from investment firms

European Banking Authority

EU Investment Firms Regulation - EBA publishes Decision on NCA reporting of supervisory data from investment firms - 28 June 2022

The European Banking Authority (EBA) has published a Decision (EBA/DC/446) (dated 23 May 2022) on how national competent authorities (NCAs) supervising investment firms under the Investment Firms Regulation ((EU) 2019/2033) (IFR) will report supervisory data to the EBA.

The Decision sets out the scope, timing and modalities of the required data submissions, which must be made via the European Centralised Infrastructure of Data (EUCLID) and will be subject to the EBA’s June 2020 Decision on EUCLID (EBA/DC/2020/335). The Decision specifies how NCAs should transmit to the EBA supervisory data received from investment firms under IFR and the Capital Requirements Regulation (575/2013/EU) (CRR), and sets out the implementing technical standards supplementing those Regulations in Commission Regulations (EU) 2021/451 and (EU) 2021/2284.

The Decision entered into force on 23 May 2022. The EBA expects the first submission by 31 December 2022, which will include all data starting from the reference date of 31 March 2022. The EBA notes that data provided will be essential for the review of the IFR and Investment Firms Directive ((EU) 2019/2034) (IFD), planned for 2024.

Decision of the European Banking Authority EBA/DC/446 of 23 May 2022 concerning investment firms’ supervisory reporting by competent authorities to the EBA

Decision of the European Banking Authority EBA/DC/448 of 10 June 2022 amending Decision EBA/DC/2020/335 of 5 June 2020 concerning the European Centralised Infrastructure of Data (EUCLID)

Press release