Implementing Regulation amending ITS to support Pillar 3 data hub

Commission Implementing Regulation (EU) 2026/722 amending Implementing Regulation (EU) 2024/3172 was published in the Official Journal of the European Union (OJ). The Regulation amends the implementing technical standards (ITS) on public disclosures under the Capital Requirements Regulation (CRR) to support the introduction of the European Banking Authority's (EBA) Pillar 3 Data Hub and its single access point for disclosures. It requires institutions other than small and non complex institutions to submit Pillar 3 disclosures to the EBA via the Pillar 3 data hub using harmonised, uniform formats that are both human readable and machine readable. For small and non-complex institutions, the relevant IT tools are still being designed given the importance of making them proportionate.

Recognising that institutions may require additional time to comply with the new disclosure formats, the Regulation allows alternative means of disclosure for submissions with a 2025 reference date. In addition, the Regulation extends existing transitional disclosure provisions and defers the repeal of Implementing Regulation (EU) 2021/637 by one year, reflecting the postponement of the market risk own funds requirements to 1 January 2027. The Regulation will apply from 16 April, being the 20th day following publication in the OJ and is directly applicable in all member states.

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