The European Commission has adopted nine directly applicable regulatory technical standards (RTS) required by the Capital Requirements Regulation and the CRD IV Directive (together known as CRD IV). These RTS form part of the hundred mandates for regulatory
and implementing technical standards that are provided for under the CRD IV measures. A set of frequently asked questions which gives details of these RTS has also been published.
The European Parliament and the Council of the European Union have one month to exercise their right of objection, with the possibility to extend this period for a further two months at their initiative. Following which, the RTS will be published in the
Official Journal of the European Union and will enter into force on the twentieth day following the date of their publication.
The RTS published were:
The European Commission has also published two documents giving the “state of play” which discloses which CRD IV RTS and ITS titles have been delivered, which are work in progress and which have not yet been started.
© Finextra Research 2014