Consultation Papers
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CP149 - Update to the Implementation Notice for Competent Authority Options and Discretions in the CRR/CRD
Overview
Description
The
Central Bank is proposing to update the November 2021 version of the
Implementation Notice regarding Options and Discretions (O&Ds) in the
Capital Requirements Regulation (CRR) and the Capital Requirements Directive
(CRD), in view of the recent revisions made by the ECB it its O&D
framework, along with revisions made to the prudential regime for investment
firms as a result of the adoption of the Investment Firm Directive (2019/2034)
and Investment Firm Regulation (2019/2033). At a high level, the Central Bank
is proposing that recent revisions to the ECB O&D framework would be
applied to Less Significant Institutions in full, while O&Ds will continue
to be exercised in a harmonised manner with respect to credit institutions and
those investment firms that remain under the scope of the Notice.
CP Number :
CP149
Date :
18 July 2022
Closing Date :
18 October 2022
Consultation Paper Document
CP149 - Consultation on updates to the Implementation Notice for Competent Authority discretions in the Capital Requirements Regulation and Capital Requirements Directive | pdf 1465 KB
Feedback Statement
Feedback Statement CP149 - CRR CRD Implementation Notice | pdf 718 KB