The European Banking Authority (EBA) has published its final report on draft ITS on IT solutions for public disclosures by institutions, other than small and non-complex ones, relating to Pillar 3 disclosures under the Capital Requirements Regulation (CRR).
Following the entry into force of the Capital Requirements Directive VI / CRR III, the EBA is required to prepare the layer of the regulatory products that ensures a technical implementation of the prudential framework, including amendments to the disclosure requirements and development of IT solutions that allow the submission of the Pillar 3 information to the EBA to proceed with a centralised publication of this information. This information will be available through a Data Access Portal on the EBA website, known as the Pillar 3 Data Hub (P3DH). Based on the CRR III mandate, the EBA will receive the Pillar 3 information for the EEA large and other credit institutions and publish it on the dedicated page in its EBA Data Access Portal (EDAP public portal). The P3DH will kick in on 30 June for large and other institutions, and on 31 December for small and non-complex institutions in the interest of providing more time for the finalisation of the ITS. During Q1 2025, the EBA intends to publish an onboarding communication plan, including further technical guidance covering: (i) information on the onboarding of large and other institutions; (ii) confirmation of the identification system used by the institutions when submitting Pillar 3 reports; and (iii) the date of when the P3DH will go live for the submissions. The draft ITS for small and non-complex institutions and on the resubmission policy will be subject to a separate consultation, intended to be launched in the first half of 2025.
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