On 5 March 2026, the European Banking Authority (EBA) issued a final report on draft Implementing Technical Standards (ITS) on the supervisory reporting of third country branches under the Capital Requirements Directive VI (CRD VI).
Background
The CRD VI introduces a new framework for third-country branches which includes regulatory and financial information that such branches must periodically report to their Member State competent authorities. The CRD VI mandates the EBA to develop draft ITS to define uniform formats, definitions, and reporting frequencies for these requirements. Whilst some of the reporting obligations are not new (having already been set out in the CRD V) the CRD VI introduces new elements that include requirements for third country branches to report information about their head undertakings, as well as details on originated assets and liabilities.
Draft ITS
The final report puts sets out the draft ITS, proposing two sets of templates: information requirements concerning the third country branches themselves (Annex I) and information requirements regarding their head undertaking (Annex II). In both cases, the entities obligated to report are always the supervised third country branch. Proportionality is addressed through the ‘core + supplement approach’ applied to Class 1 and Class 2 third country branches, with a core set of data points applicable to all third country branches and additional information required only for those classified as Class 1.
Changes
Following the EBA’s earlier consultation on the draft ITS, the EBA has made certain changes to the draft RTS. For example, the EBA has postponed the initial reporting date to 31 March 2027. It has also extended remittance deadlines and revised head undertaking provisions. Templates have also been streamlined.
Next steps
The draft ITS will be submitted to the European Commission for adoption. The EBA will develop a technical package including data point model (DPM), XBRL taxonomy and validation rules based on the final draft ITS.