OpenLegislation

Article 2 Procedures for sharing information with other competent authorities and EBA

United Kingdom

Original text. Later amendments are not shown.

When sharing assessments made in accordance with Article 78(3) of Directive 2013/36/EU, competent authorities shall provide the following information:

  1. (a)

    the conclusions and rationale of their assessment, based on the application of the assessment standards referred to in Articles 3 to 11;

  2. (b)

    their views on the level of potential underestimation of own fund requirements stemming from the internal approaches used by institutions.