meta_id 2936439

On 5 March 2026, the European Banking Authority (EBA) published its final report on draft Implementing Technical Standards (ITS) for supervisory reporting by third country branches (TCBs) under Directive 2013/36/EU (Capital Requirements Directive, or CRD). The ITS establish uniform formats, definitions, and reporting frequencies for financial and regulatory information that TCBs must submit to competent authorities. The framework applies proportionality through a "core plus supplement" approach, distinguishing between Class 1 TCBs (larger, more complex branches) and Class 2 TCBs (smaller branches). Class 1 branches report more detailed information at higher frequencies: quarterly for financial data and semi-annually for head undertaking (HU) information. Class 2 branches report quarterly financial data and annually for HU information. The ITS address reporting requirements under Article 48k of the CRD across two annexes. Annex I covers TCB-specific financial and regulatory information, including assets and liabilities booked and originated, capital endowment requirements, and liquidity coverage. Annex II addresses information on head undertakings, including prudential compliance, supervisory assessments, recovery plans, business strategy, and reverse solicitation services. Following public consultation feedback, the EBA introduced significant simplifications. The initial reporting reference date was postponed to 31 March 2027, providing a full implementation year. Remittance deadlines for Annex II were extended by one month to accommodate third-country accounting calendars. Templates were streamlined by removing granular country breakdowns and simplifying instructions. The EBA also removed columns from template E 01.01 addressing originated assets with or without continuing involvement, acknowledging this exceeded the Level 1 mandate. The EBA will publish data point model (DPM), XBRL taxonomy, and validation rules as a draft in Q1 2026, with final technical solutions expected in Q2 2026. The instructions will be translated into all official European Union languages and published on the EBA website.