in force 2024-07-09 INSERTED+1,081 −0§
Amended by Regulation (EU) 2024/1623 32024R1623
applies from: unknown (an inserted provision states its own application date only in prose)
This is a new article requiring EBA to prepare a report examining whether information reported to competent authorities by institutions other than small and non-complex institutions could be used to publish an extended set of disclosures on the EBA website.
The article specifies that the report must consider EBA's prior work on integrated data collections, rest on a cost-benefit analysis covering competent authorities, institutions and EBA, and address technical, operational and legal challenges, with submission to the European Parliament, Council and Commission required by 10 July 2027, and a possible Commission legislative proposal by 31 December 2031.
Cited: Art. 434c, v2
text before / after
inserted text (02013R0575-20240709)
Article 434c Report on the feasibility of the use of information reported by institutions other than small and non-complex institutions to publish an extended set of disclosures on the EBA website EBA shall prepare a report on the feasibility of using information reported by institutions other than small and non-complex institutions to competent authorities in accordance with Article 430 in order to publish that information on its website thereby reducing the disclosure burden for such institutions. That report shall consider the previous work of EBA regarding integrated data collections, shall be based on an overall cost and benefit analysis, including costs incurred by competent authorities, institutions and EBA, and shall consider any potential technical, operational and legal challenges. EBA shall submit that report to the European Parliament, to the Council, and to the Commission by 10 July 2027. On the basis of that report, the Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal by 31 December 2031.