The European Banking Authority has published a consultation paper on draft implementing technical standards (ITS) on common procedures, forms and templates for the consultation process between relevant competent authorities as referred to in article 24 of the Capital Requirements Directive IV.

Under article 24, relevant competent authorities must consult with each other when carrying out the prudential assessment relating to proposed acquisitions and increases of qualifying holdings in credit institutions.

The draft ITS set out:

  • requirements for the designation of contact points by competent authorities;
  • timeframe and process for submitting the consultation notice and for providing the response; and
  • provide templates for the consultation notice and for the response from the requested authority.

The deadline for comments to the consultation paper is 10 February 2016.

View EBA consults on information exchanges between authorities regarding qualifying holdings, 10 November 2015