pc
nid 94214
Jul 24, 2026
arahman@vixio.com
European Union
European Banking Authority
financial services
78% of draft length
draft in Generated
Generated
2053 charsEuropean Banking Authority Publishes Consultation on Depositor Information Standards Under Deposit Guarantee Schemes Directive
On July 23, 2026, the European Banking Authority (EBA) launched a public consultation on draft Implementing Technical Standards (ITS) specifying depositor information requirements under Directive 2026/804/EU on deposit guarantee schemes (DGSD3). The consultation period runs until October 23, 2026.
The draft ITS addresses two key components mandated by DGSD3: the content and format of depositor information sheets, and procedures for communicating with depositors in five specific situations. The EBA proposes redesigning the current information sheet to include a clear introduction explaining the sheet's purpose and key deposit protection elements, with simplified language and removal of footnotes. Credit institutions will retain flexibility to incorporate their visual identity while maintaining content consistency. The EBA also proposes requiring credit institutions to publish detailed deposit protection information on their websites to ensure accessibility for artificial intelligence systems and interested depositors.
For specific situations, the draft ITS establishes procedures for communicating about client funds treatment, suspension of reimbursement, determination of deposit unavailability, mergers affecting coverage, and changes in deposit guarantee scheme membership. The standards require deposit guarantee schemes (DGS) to publish information about client fund protection and to respond to depositor inquiries regarding suspensions or deferrals. Upon determination of unavailability of deposits, DGSs and designated authorities must publish coordinated information within 24 hours, with DGSs providing credit institutions with standardised messaging to ensure consistency. For mergers and DGS membership changes, credit institutions must provide DGSs with proposed depositor communications for review within a seven-working-day window.
Responses to the consultation must be submitted by October 23, 2026. The EBA will assess feedback and finalise the ITS accordingly. The standards are scheduled to apply from May 11, 2028.
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1592 charsEuropean Banking Authority Publishes Consultation on Depositor Information Standards Under Deposit Guarantee Schemes Directive
On July 23, 2026, the European Banking Authority (EBA) launched a public consultation on draft Implementing Technical Standards (ITS) specifying depositor information requirements under Directive 2026/804/EU on deposit guarantee schemes (DGSD3).
This consultation paper proposes to:
Amend the currently used information sheet that credit institutions provide to prospective and current depositors. The proposals aim to ensure that depositors receive the most important information they should be aware of, in a language that is easy to understand. It also requires credit institutions and the deposit guarantee schemes (DGSs) to publish more detailed information on their websites.
Outline what formats and channels should be used by credit institutions to communicate with depositors to ensure that information is easily accessible, and thus, depositors are aware of deposit protection. This includes the proposal to offer more flexibility to the credit institutions to use their own visual identity when providing the information sheet in comparison to the rigid template in use currently.
Specify the content and procedures for communicating with depositors and in specific situations where depositors require timely, accurate and consistent information and clear communication on the consequences and next steps, such as the treatment of client funds, the suspension or deferral of reimbursement, the determination of the unavailability of deposits, mergers or conversions affecting coverage and changes in DGS membership.
Comments and feedback are welcome up until October 23, 2026.