EBA final draft ITS for supervisory reporting of third-country branches under CRD VI

The European Banking Authority (EBA) has published its final report with final draft implementing technical standards (ITS) on the supervisory reporting of third-country branches (TCBs) under the Capital Requirements Directive VI (CRD VI). Under the new framework introduced by CRD VI, TCBs will be required to submit two sets of reports covering TCB level financial and regulatory information and head-undertaking level quantitative and qualitative data. A key feature of the draft ITS is a proportionate "core and supplement" model, which tailors reporting requirements to the systemic relevance of each TCB. This means smaller and less complex branches are required to submit a core set of key data while larger and more complex branches report on additional details.

Following feedback to the July 2025 consultation, the EBA makes several changes to the draft ITS to improve clarity, proportionality and operational feasibility. Key changes include: (i) postponing the initial reporting date to 31 March 2027; (ii) extending remittance deadlines; (iii) revising certain head-undertaking provisions; and (iv) streamlining templates by reducing duplication, simplifying instructions and narrowing scope. Practical guidance and examples have also been added to support implementation. Following the report's submission to the European Commission for adoption, the EBA will develop the data point model, XBRL taxonomy and validation rules based on the final draft ITS. This technical package will be published as a draft in Q1, while the final technical package is expected to be published in Q2. The first reference date for the application of this ITS is expected to be 31 March 2027. The reporting templates are included in the relevant annexes which accompany the final report and can be found on the EBA's press release.

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