Changes from plenary report to adopted text

Removed5. EBA shall monitor the number of visits to its single access point on institutions’ disclosures and include the related statistics in its annual reports.’;

Removed(183) Article 434a is amended as follows:

Removed(a) the first sentence of the first paragraph is replaced by the following:

Removed‘EBA shall develop draft implementing technical standards to specify uniform disclosure formats, the associated instructions, information on the resubmission policy and IT solutions for disclosures required under Titles II and III.’;

Removed(b) the fourth sentence of the first paragraph is replaced by the following:

Removed‘EBA shall submit those draft implementing technical standards to the Commission by [OP please insert the date = one year after the entry into force of this Regulation]’;

Removed(184) Article 438 is amended as follows:

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

Removed‘(b) the amount of the additional own funds requirements based on the supervisory review process as referred to in Article 104(1), point (a), of Directive 2013/36/EU to address risks other than the risk of excessive leverage and its composition;’;

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

Removed‘(d) the total risk exposure amounts as calculated in accordance with Article 92(3) and the corresponding own funds requirements as determined in accordance with Article 92(2), to be broken down by the different risk ▌categories or risk exposure classes, as applicable, set out in Part Three and, where applicable, an explanation of the effect on the calculation of own funds and risk-weighted exposure amounts that results from applying capital floors and not deducting items from own funds;’;

Removed(c) the following point (da) is added:

Removed‘(da) where required to calculate the following amounts, the un-floored total risk exposure amount as calculated in accordance with Article 92(4), and the standardised total risk exposure amount as calculated in accordance with Article 92(5), to be broken down by the different risk categories and sub-categories, as applicable, set out in Part Three and, where applicable, an explanation of the effect on the calculation of own funds and risk-weighted exposure amounts that results from applying capital floors and not deducting items from own funds;’;

Removed(ca) point (e) is replaced by the following:

Removed‘(e) the on- and off-balance-sheet exposures, the risk-weighted exposure amounts and associated expected losses for each category of specialised lending referred to in Table 1 of Article 153(5) and the on- and off-balance-sheet exposures and risk-weighted exposure amounts for the categories of equity exposures set out in Article 133(3) to (6) and Article 495a(3).’;

Removed(185) Article 445 is replaced as follows:

Removed‘Article 445 Disclosure of exposures to market risk under the standardised approach

Removed1. Institutions that have not been granted a permission by competent authorities to use the alternative internal market risk model approach as set out in Article 325az, and that use the Simplified Standardised Approach in accordance with Article 325a or Part Three, Title IV, Chapter 1a, shall disclose a general overview of their trading book positions.

Removed2. Institutions calculating their own funds requirements in accordance with Part Three, Title IV, Chapter 1a, shall disclose their total own funds requirements, their own funds requirements for the sensitivities-based methods, their default risk charge and their own funds requirements for residual risks. The disclosure of own funds requirements for the measures of the sensitivities-based methods and for the default risk shall be broken down for the following instruments:

Removed(a) financial instruments other than securitisation instruments held in the trading book, with a breakdown by risk class, and a separate identification of the default risk own funds requirements;

Removed(b) securitisation instruments not held in the ACTP, with a separate identification of the own funds requirements for credit spread risk and of the own funds requirements for default risk;

Removed(c) securitisation instruments held in the ACTP, with a separate identification of the own funds requirements for credit spread risk and of the own funds requirements for default risk.’;

Removed(186) The following Article 445a is inserted:

Removed‘Article 445a Disclosure of CVA risk

Removed1. Institutions subject to the own fund requirements for CVA risk shall disclose the following information:

Removed(a) a general overview of their processes to identify, measure, hedge and monitor their CVA risk;

Removed(b) whether institutions meet all the conditions set out in Article 273a(2); where those conditions are met, whether institutions have chosen to calculate the own funds requirements for CVA risk using the simplified approach set out in Article 385; where institutions have chosen to calculate the own funds requirements for CVA risk using the simplified approach, the own funds requirements for CVA risk in accordance with that approach;

Removed(c) the total number of counterparties for which the standardised approach is used, with a breakdown by counterparty types.

Removed2. Institutions using the standardised approach as defined in Article 383 for the calculation of own funds requirements for CVA risk shall disclose, in addition to the information referred to in paragraph 1, the following information:

Removed(a) the structure and the organisation of the their internal CVA risk management function and governance;

Removed(b) their total own funds requirements for CVA risk under the standardised approach with a breakdown by risk class;

Removed(c) an overview of the eligible hedges used in that calculation, with a breakdown per types as defined in Article 386(2).

Removed3. Institutions using the basic approach as defined in Article 384 for the calculation of own funds requirements for CVA risk shall also disclose, in addition to the information referred to in paragraph 1, the following information:

Removed(a) their total own funds requirements for CVA risk under the basic approach, and the components and

Removed(b) an overview of the eligible hedges used in this calculation, with a breakdown per types as defined in Article 386(3).’;

Removed(187) Article 446 is replaced by the following:

Removed‘Article 446 Disclosure of operational risk

Removed1. Institutions shall disclose the following information:

Removed(a) the main characteristics and elements of their operational risk management framework;

Removed(b) their own funds requirement for operational risk;

Removed(c) the business indicator component calculated in accordance with Article 313;

Removed(d) the business indicator, calculated in accordance with Article 314(1), and the amounts of each of the business indicator components and their sub-components for each of the three years relevant for the calculation of the business indicator;

Removed(e) the number and amounts of business indicator items that were excluded from the calculation of the business indicator in accordance with Article 315(2), as well as the corresponding justifications for the exclusion.

Removed2. Institutions that calculate their annual operational risk losses in accordance with Article 316(1) shall disclose the following information in addition to the information listed in paragraph 1:

Removed(a) their annual operational risk losses for each of the last ten years, calculated in accordance with Article 316(1);

Removed(b) the number and amounts of operational risk losses that were excluded from the calculation of the annual operational risk loss in accordance with Article 320(1), for each of the last ten years and the corresponding justifications for that exclusion.’;

Removed(188) Article 447 is amended as follows:

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

Removed‘(a) the composition of their own funds and their risk-based capital ratios as calculated in accordance with Article 92(2);’;

Removed(b) the following point (aa) is inserted:

Removed‘(aa) where applicable, the risk-based capital ratios as calculated in accordance with Article 92(2), by using un-floored total risk exposure amounts instead of total risk exposure amounts;’;

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

Removed‘(b) the total risk exposure amounts as calculated in accordance with Article 92(3) and, where applicable, the un-floored total risk exposure amounts as calculated in accordance with Article 92(4);’;

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

Removed‘(d) the combined buffer requirement which the institutions are required to hold in accordance with Chapter 4 of Title VII of Directive 2013/36/EU;’;

Removed(189) Article 449a is replaced by the following:

Removed‘Article 449a Disclosure of environmental, social and governance risks (ESG risks)

RemovedInstitutions shall disclose:

Removed(a) information on ESG risks, including physical risks and transition risks, and the total amount of exposures to fossil fuel sector entities as defined in Article 4, point (152a);

Removed(b) climate targets and transition plans, including absolute carbon emission reduction targets, submitted in accordance with Article 76(2) of Directive 2013/36/EU, and the progress made towards implementing them;