On 20 December 2023, the European Banking Authority (EBA) published a final report on draft implementing technical standards (ITS) amending the ITS on disclosures and reporting on MREL and TLAC with regard to the disclosures and reporting of information in daisy chains and prior permissions. The amendments reflect the new requirement to deduct investments in eligible liabilities instruments of entities belonging to the same resolution group, the so called ‘daisy chain’ framework, and other changes to the prudential framework.

Following the publication of the draft ITS and their submission to the European Commission for adoption, the amendments are envisaged to apply for the reference date of 30 June 2024. The EBA will also develop a technical package, consisting of the data point model, validation rules and XBRL taxonomy. The draft ITS and the technical package will become part of release v3.4 of the EBA reporting framework.