On 24 July 2024, the European Commission adopted a Delegated Regulation amending the Capital Requirements Regulation (CRR) with regard to the date of application of the own funds requirements for market risk.
The Delegated Regulation postpones the entry into application of the new market risk requirements as binding own funds requirements by a year.
The amendments the CRR III makes to the CRR in relation to the market risk framework, specifically provisions amending requirements set out in Part Three, Title IV of the CRR, and in Articles 430b, 445 and 455, are to become applicable on 1 January 2026. Until then, the current market risk requirements, including the calculation of own funds requirements for market risk, market risk reporting and disclosure requirements, remain applicable.
Next steps
The Delegated Regulation enters into force on the day following that of its publication in the Official Journal of the European Union.
It applies apply from 1 January 2025.