On 11 October 2022, the European Commission published a Commission Delegated Regulation (EU) laying down regulatory technical standards (RTS) amending Delegated Regulation (EU) No 241/2014 as regards the prior permission to reduce own funds and the requirements related to eligible instruments.

Commission Delegated Regulation (EU) No 241/2014 supplements the Capital Requirements Regulation (CRR) with regard to RTS for own funds requirements for institutions. The Delegated Regulation now published makes certain amendments to Commission Delegated Regulation (EU) No 241/2014 in light of the eligibility criteria and the rules concerning the prior permission regime to reduce own funds being amended, in particular with the introduction of the notion of ‘general prior permission’ to the CRR.

The Delegated Regulation enters into force on the twentieth day following that of its publication in the Official Journal of the European Union.