On 23 April 2025, the European Commission (Commission) adopted a Delegated Regulation supplementing the Capital Requirements Directive IV (CRD IV) with regard to regulatory technical standards (RTS) specifying the general conditions for the functioning of supervisory colleges, and repealing Commission Delegated Regulation (EU) 2016/98.

Background

Article 51(4) of the CRD IV empowers the Commission to adopt delegated acts specifying the general conditions for the functioning of colleges of supervisors.

Commission Delegated Regulation 2016/98 specifies the functioning of supervisory colleges to ensure appropriate supervisory cooperation and coordination in the supervision of cross-border institutions.

Delegated Regulation

The Delegated Regulation incorporates updated provisions on the functioning of supervisory colleges triggered by Directive 2019/878 and channels in lessons learnt from the implementation of Commission Delegated Regulation 2016/98 as observed by the European Banking Authority’s continuous monitoring activities. In particular the Delegated Regulation contains new articles on the exchange of information with the observers of a supervisory college. It also contains new articles specifying the requirements of information exchange between the consolidating supervisor/competent authority of the home Member State and college members as well as observers, in case of an event of adverse material effect on the risk profile of the group or its entities, in order to ensure that there is always adequate information sharing in such situations.

Next steps

The Delegated Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU.