EBA issues new supervisory reporting and disclosures framework for investment firms

  • Press Release
  • 5 March 2021
  • The new reporting and disclosures framework reflects the prudential requirements for investment firms as defined in the Investment Firms Regulation (IFR).
  • The final draft ITS take into account the different classes of investments firms to ensure requirements are proportionate to the nature, size and complexity of investment firms.
  • Consistency and integration between both reporting and disclosures will facilitate the implementation of these new requirements.

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on the supervisory reporting and disclosures of investment firms. These final draft ITS, which are part of the phase 1 mandates of the EBA roadmap on investment firms, will ensure a proportionate implementation of the new prudential framework for investment firms taking into account the different activities, sizes and complexity of investments firms.

The implementing technical standards included in this package set out the main aspects of the new reporting framework in relation to the calculation of own funds, levels of minimum capital, concentration risk, liquidity requirements and the level of activity in respect of small and non-interconnected investment firms.

The ITS propose a different set of templates to cover small and non-interconnected investment firms, and to include information that is proportionate to their size and complexity.

In addition, the ITS includes a standardised set of templates for the disclosures of own funds. The EBA is issuing a single set of standards with integrated Pillar 3 disclosures and supervisory reporting requirements and standardised formats and definitions with a view to improving consistency between reporting and disclosures requirements, which will facilitate compliance with both requirements.

Implementation and remittance date

The disclosure requirements will be applicable from 26 June 2021.

The first reporting reference date is September 2021 (for quarterly reports) and December 2021 (for annual reports).

Legal basis and background

The EBA has developed these draft ITS according to Article 54(3) and Article 49(2) of  the IFR - (EU) 2019/2033 -  which mandates the EBA to develop a reporting framework and a disclosure requirements for investment firms.

The Investment Firms Prudential Package consists of the Directive (EU) 2019/2034 and the Regulation (EU) 2019/2033, which were published in the Official Journal on 5 December 2019 and establish a new prudential framework for investment firms authorised under MIFID

Documents

Final Draft ITS on Reporting and disclosures for investment firms

(1.34 MB - PDF) Last update 30 June 2021

Annex I - Reporting for Class 2 investment firms

(52.46 KB - Excel Spreadsheet) Last update 30 June 2021

Annex II - Reporting for Class 2 investment firms

(334.98 KB - PDF) Last update 30 June 2021

Annex III - Reporting Class 3 investment firms

(25.03 KB - Excel Spreadsheet) Last update 30 June 2021

Annex IV - Reporting for Class 3 investment firms

(138 KB - PDF) Last update 30 June 2021

Annex V - DPM and validation rules

(37.95 KB - PDF) Last update 30 June 2021

Annex VI - Disclosure of own funds

(22.09 KB - Excel Spreadsheet) Last update 30 June 2021

Annex VII - Disclosure of own funds

(176.75 KB - PDF) Last update 30 June 2021

Annex VIII - Reporting on group capital test

(18.21 KB - Excel Spreadsheet) Last update 30 June 2021

Annex IX - Reporting on group capital test

(111.67 KB - PDF) Last update 30 June 2021

Press contacts

Franca Rosa Congiu