On 17 November 2025, the European Commission (Commission) published a Call for evidence on a proposal to amend the application of the Basel 3 standards on market risk, otherwise known as the Fundamental Review of the Trading Book framework (FRTB).

The Capital Requirements Regulation 3 (CRR 3) provides that the Commission may delay the market risk section of the CRR by up to two years or amend it for up to three years. In 2024 the Commission implemented a one-year postponement of the FRTB. In June 2025, the Commission proposed a further delay by an additional year. The delegated act that delayed the FRTB for a second time, entered into force on 20 September 2025.

The call for evidence aims to gather stakeholders’ views on whether the Commission should use the empowerment in the CRR to introduce targeted amendments to the FRTB. The objective would be to address level playing field concerns in light of delays and uncertainties in implementing the Basel standards in other major jurisdictions.

Feedback to the call for evidence is open from 18 November 2025 to 16 December 2025.