In its CRD IV update for June the PRA notes that on 29 June 2015, it confirmed that firms are required to comply with the European Banking Authority’s Guidelines on materiality, proprietary and confidentiality on disclosure frequency from 15 October 2015. The guidelines promote market transparency by setting out a consistent framework for firms’ assessments of the frequency of disclosures and how firms should apply the concepts of materiality, proprietary and confidentiality when assessing the use of any waiver of disclosure requirements. The PRA expects firms to adjust their disclosure policies accordingly to fully comply with the guidelines for all transactions entered from 15 October 2015.

View PRA CRD IV updates, 29 June 2015