CRD VI: Quick guide to Member State activity
On 27 October 2021, the European Commission adopted a Banking Package which set out proposed amendments to EU banking rules contained in the Capital Requirements Regulation and the Capital Requirements Directive IV. The main purpose of the amendments was to implement the outstanding elements of the Basel III reforms in the EU, while taking account of EU specificities. However, the reforms also introduce important new changes to the rules for third country bank branches operating in the EU (third country branches). This includes the requirement in certain instances to establish a subsidiary. Further information can be found in our briefing note CRD VI: Third country branches and subsidiaries.
In the table below we set out the latest communications from certain Member State regulators regarding their implementation of the CRD VI together with any recent updates from the European Commission and European Supervisory Authorities. We also set out the latest communications from the UK as regards its implementation of the Basel III reforms.
The table will be updated from time to time.
| Member State | Latest developments on domestic implementation | NRF contact |
| Germany | Regarding CRD VI, the draft of the national implementation act has not been published yet. Last update: 20 June 2025 | Michael Born |
| Luxembourg | The CSSF published a communiqué on 2 July 2024 relating to the new banking package. No Bill has been lodged before the Parliament with respect to CRD VI yet. Last update: 20 June 2025 | Dorothee Ciolino |
| France | French DDADUE 5 law vesting Parliament’s power to enact implementation of CRD VI. Last update: 20 June 2025 | Sebastien Praicheux |
| Poland | In Poland, the government plans to adopt draft laws implementing the CRD VI in Q3 2025. The information has been published in the list of legislative or programme works of the Council of Ministers. Last update: 20 June 2025 | Agnieszka Braciszewska |
| Italy | The approval of the framework legislation is currently pending before the Parliament (more precisely, at the Deputy’s Chamber (Camera dei Deputati) after being approved by the Republic’s Senate (Senato della Repubblica)). It consists in the delegation of powers to the government for the adoption of implementing legislation. Last update: 20 June 2025 | Maria Gilesi |
| Netherlands | The legislative proposal for the act implementing CRD VI is still being prepared. The draft legislative proposal has been published for consultation on 30 April 2025. The consultation period closed on 28 May 2025. The legislative proposal has not yet been submitted to the Dutch parliament. Last update: 20 June 2025 | Nikolai de Koning |
| European Commission and European Supervisory Authorities | 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). Last update: 20 June 2025 | Flupke van den Bogart |
| Non-Member State | ||
| United Kingdom | On 17 January 2025, the Prudential Regulation Authority (PRA) announced that, following consultation with HM Treasury, it was delaying the implementation of Basel 3.1 in the UK by one year until 1 January 2027. The PRA states that the delay is to allow more time for greater clarity to emerge about the United States’ plans for Basel 3.1. In September 2024, the PRA published Policy Statement 9/24 (PS9/24) which set out near final rules to implement Basel 3.1 in the PRA Rulebook. The publication delayed the implementation date by six months to 1 January 2026 based on consultation feedback and the PRA’s ongoing monitoring of the implementation timelines of other jurisdictions. The PRA now expects to implement on 1 January 2027 but will continue to monitor developments. In line with the approach taken for the six-month delay in PS9/24, the transitional periods in the rules will be reduced to ensure the date of full implementation remains at 1 January 2030, as set out in the original proposals. The PRA adds that it is pausing until further notice its planned data collection exercise of an off-cycle review of firm-specific Pillar 2 capital requirements so that they could be updated at the same time as the implementation of the Basel 3.1 standards. Also, in light of the delay to implementation, the end-date of the time-window to join the Interim Capital Regime – previously set as 28 February 2025 – will be moved back. The PRA will provide further information in due course. Last update: 20 June 2025 | Jonathan Herbst |