Changes from plenary report to adopted text

Removed(b) paragraph 3 is deleted;

Removed(175) in Article 429g, paragraph 1 is replaced by the following:

Removed‘1. Institutions shall treat cash related to regular-way purchases and financial assets related to regular-way sales which remain on the balance sheet until the settlement date as assets in accordance with Article 429(4), point (a).’;

Removed(176) ▌Article 430 is amended as follows:

Removed(a) in paragraph 1, the following point (h) is added:

Removed‘(h) their exposures to ESG risks, including:

Removed(i) their existing and new exposures to the fossil fuel sector entities;

Removed(ii) their exposures to activities that are deemed to do significant harm to one of the environmental objectives laid down in Regulation (EU) 2020/852;

Removed(iii) their exposure to physical risks and transition risks;

Removed(iv) the relevant exposures of the pools of loans underlying covered bonds issued by institutions, whether directly or through the transfer of loans to a special purpose vehicle (SPV);’;

Removed(b) the following paragraph is inserted:

Removed'8a. By 1 January 2024 and every year thereafter, EBA shall publish a progress report on the implementation of the mandate given in paragraph 8 of this Article. EBA shall specifically detail the progress made in relation to the objective specified in point (e) of paragraph 8. ';

Removed(177) ▌Article 430a is amended as follows:

Removed(a) paragraph 1 is replaced by the following;

Removed‘1. Institutions shall report to their competent authorities on an annual basis the following aggregate data for each national immovable property market to which they are exposed:

Removed(a) losses stemming from exposures for which an institution has recognised residential property as collateral, up to the lower of the pledged amount and 55 % of the property value, unless otherwise decided under Article 124(7);

Removed(b) overall losses stemming from exposures for which an institution has recognised residential property as collateral, up to the part of the exposure that is secured by residential property in accordance with Article 124(2), point (a);

Removed(c) the exposure value of all outstanding exposures for which an institution has recognised residential property as collateral limited to the part that is secured by residential property in accordance with Article 124(2), point (a);

Removed(d) losses stemming from exposures for which an institution has recognised immovable commercial property as collateral, up to the lower of the pledged amount and 55 % of the property value, unless otherwise decided under Article 124(7);

Removed(e) overall losses stemming from exposures for which an institution has recognised immovable commercial property as collateral, up to the part of the exposure that is secured by immovable commercial property in accordance with Article 124(2), point (c);

Removed(f) the exposure value of all outstanding exposures for which an institution has recognised immovable commercial property as collateral limited to the part that is secured by immovable commercial property in accordance with Article 124(2), point (c).’;

Removed(b) paragraph 3 is replaced by the following:

Removed‘3. The competent authorities shall publish annually on an aggregated basis the data specified in points (a) to (f) of paragraph 1, together with historical data, where available, for each national immovable property market for which such data has been collected. A competent authority shall, upon the request of another competent authority in a Member State or EBA provide to that competent authority or EBA more detailed information on the condition of the residential property or commercial immovable property markets in that Member State.’;

Removed(178) Article 433 is replaced by the following:

Removed‘Article 433 Frequency and scope of disclosures

RemovedInstitutions shall disclose the information required under Titles II and III in the manner set out in this Article, Articles 433a, 433b, 433c and 434.

RemovedEBA shall publish annual disclosures on its website on the same date as the date on which institutions publish their financial statements or as soon as possible thereafter.

RemovedEBA shall publish semi-annual and quarterly disclosures on its website on the same date as the date on which the institutions publish their financial reports for the corresponding period where applicable or as soon as possible thereafter.

RemovedAny delay between the date of publication of the disclosures required under this Part and the relevant financial statements shall be reasonable and, in any event, shall not exceed the timeframe set by competent authorities pursuant to Article 106 of Directive 2013/36/EU.’;

Removed(179) in Article 433a, paragraph 1 is amended as follows:

Removed(a) in point (b), the following point is added:

Removed‘(xv) Article 449a. ’;

Removed(b) in point (c), point (i) is replaced by the following:

Removed‘(i) points (d), (da) and (h) of Article 438;’;

Removed(180) ▌Article 433b is replaced by the following:

Removed‘Article 433b

RemovedDisclosures by small and non-complex institutions

Removed1. Small and non-complex institutions shall disclose the information outlined below on an annual basis:

Removed(i) points (a), (e) and (f) of Article 435(1);

Removed(ii) points (c), (d) and (da) of Article 438;

Removed(iii) points (a) to (d), (h), (i), (j) of Article 450(1);

Removed(iv) the key metrics referred to in Article 447;

Removed(v) points (c) and (d) of Article 442;

Removed(vi) Article 449a.

Removed2. By way of derogation from paragraph 1 of this Article, small and non-complex institutions that are non-listed institutions shall disclose the key metrics referred to in Article 447 on a biennial basis.’;

Removed(181) in Article 433c, paragraph 2 is amended as follows:

Removed(a) point (d) is replaced by the following:

Removed‘(d) points (c), (d) and (da) of Article 438:’;

Removed(b) the following points are added:

Removed‘(g) points (c) and (d) of Article 442.’;

Removed‘(h) the information referred to in Article 449a on a semi-annual basis.’;

Removed(182) Article 434 is replaced by the following:

Removed‘Article 434 Means of disclosures

Removed1. Institutions other than small and non-complex institutions shall submit all the information required under Titles II and III in electronic format to EBA no later than the date on which institutions publish their financial statements or financial reports for the corresponding period, where applicable, or as soon as possible thereafter. EBA shall also publish the submission date of this information.

RemovedEBA shall ensure that the disclosures made on the EBA website contain the information identical to what institutions submitted to EBA. Institutions shall have the right to resubmit to EBA the information in accordance with the technical standards referred to in Article 434a. EBA shall make available on its website the date when the resubmission took place.

RemovedEBA shall prepare and keep up-to-date the tool that specifies the mapping of the templates and tables for disclosures with those on supervisory reporting. The mapping tool shall be accessible to the public on the EBA website.

RemovedInstitutions may continue to publish a standalone document that provides a readily accessible source of prudential information for users of that information or a distinctive section included in or appended to the institutions' financial statements or financial reports containing the required disclosures and being easily identifiable to those users. Institutions may include in their website a link to the EBA website where the prudential information is published on a centralised manner.

Removed2. Large institutions and other institutions that are not large institutions or small and non-complex institutions shall submit to EBA the disclosures referred to in Article 433a and Article 433c respectively in an electronic format, but not later than on the date of the publication of financial statements or financial reports for the corresponding period or as soon as possible thereafter. If the financial reports are published before the submission of supervisory reporting in accordance with Article 430 for the same period, disclosures can be submitted on the same date as supervisory reporting or as soon as possible thereafter. If disclosure is required to be made for a period when an institution does not prepare any financial report, the institution shall submit to EBA the information on disclosures as soon as practicable.

Removed3. EBA shall publish on its website the disclosures of small and non-complex institutions on the basis of the information reported by those institutions to competent authorities in accordance with Article 430.

Removed4. While ownership of the data and the responsibility for its accuracy remain with the institutions that produce it, EBA shall make available on its website the information required to be disclosed in accordance with this Part. That archive shall be kept accessible for a period of time that shall be no less than the storage period set by national law for information included in the institutions' financial reports.