On October 30, 2014, the following regulatory technical standards ("RTS") supplementing CRD IV were published in the Official Journal of the European Union:
- Delegated Regulation on the identification of the geographical location of the relevant credit exposures for calculating institution-specific countercyclical capital buffer rates and the geographical location of trading book and securitization exposures.
- Delegated Regulation on information to be notified when exercising the right of establishment and the freedom to provide services, covering the requirements for notifications for branch passports, changes in branch particulars, termination of operation of a branch and services passport notifications.
Both RTS enter into force on November 19, 2014.
The Delegated Regulation on credit exposures is available at: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.309.01.0005.01.ENG and the Delegated Regulation on passporting notifications is available at: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.309.01.0001.01.ENG.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.