On 12 June 2025, the European Commission (Commission) adopted a Delegated Regulation that postpones by one additional year – until 1 January 2027 – the date of application of the one remaining part of the Basel III international standards in the EU – the Fundamental Review of the Trading Book (FRTB).

Last year, the Commission adopted a first delegated act to postpone by one year – until 1 January 2026 – the date of the FRTB application in the EU. Recent international developments have indicated further delays in the Basel III implementation by some major global jurisdictions and therefore the Commission has decided to propose a further delay to the implementation of the FRTB to 1 January 2027.

Next steps

The Delegated Regulation will now be subject to scrutiny by the European Parliament and Council for three months (extendable by a further three months).