2015, as amended by Legal Notices 76
2019 and 493
2021. 1.
these regulations is the Banking Act (Supervisory Review) Regulations.
these regulations is to implement Articles 3 (in part), 75, 77
the CRD. 2.
the European Parliament and
the Council
26 June 2013 on the access to the activity
credit institutions and the prudential supervision
credit institutions, amen din g D irect ive 200 2/8 7/E C and repeal ing Directives 2006/48/EC and 2006/49/EC, as amended from time to time, and includes any binding legal instruments, guidelines and other measures that may be issued thereunder; "the CRR" means Regulation (EU) No 575/2013
the European Parliament and
the Council
26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012, as amended from time to time, and includes any binding legal instruments, guidelines and other measures that have been or may be issued thereunder; "DORA Regulation" means Regulation (EU) 2022/2554
the European Parliament and
the Council
14 December 2022 on digital operational resilience for the financial sector, and amending Regulation (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/ 2014, (EU) No 909/2014 and (EU) 2016/1011, as may be amended from time to time, and includes any binding legal instruments, guidelines and other measures that have been or may be issued thereunder; "European regulatory authority" means an authority which is in a country or territory outside Malta that is a Member State and is empowered by law or regulation to supervise credit institutions; "internal approach" means the internal ratings based approach referred to in Article 143
2021. Interpretation. Amended by: L.N. 76
2019.; L.N. 493
2021; L.N. 253
the CRR; "Regulation (EU) 2017/2402" means Regulation (EU) 2017/2402
the European Parliament and
the Council
12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012; Cap. 330. "Resolution Committee" means the committee responsible for resolution, as established by the Malta Financial Services Authority Act; "systemic risk" means a risk
disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy.
the Act, for the purposes
applying the requirements and supervisory powers laid down in these regulations on a consolidated or subconsolidated basis in accordance with the Act and any regulations and Banking Rules made or issued thereunder transposing the CRD, with any binding legal instruments issued under the CRD and with the CRR, the terms "institution", "parent institution" and "EU parent institution" shall also include the entities listed in paragraphs (a), (b) and (c)
article 2(1A)
the Act: Provided further that, for the purposes
applying the requirements and supervisory powers laid down in regulations 3
article 2(1B)
the Act. Supervisory review and evaluation. Amended by: L.N. 493
2021; L.N. 253
2024. 3.
2021; (c) risks revealed by stress testing taking into account the nature, scale and complexity
a credit institution’s activities; and (d) risk revealed by digital operational resilience testing in BANKING ACT (SUPERVISORY REVIEW) [ S.L.371.16 accordance with Chapter IV
the DORA Regulation.
the review and evaluation referred to in subregulation
the Act and any regulations or Banking Rules issued thereunder,
any binding legal instruments issued under the CRD and
the CRR.
the review and evaluation referred to in sub-regulation
their risks.
the review and evaluation referred to in sub-regulation
the activities
the credit institution concerned and taking into account the principle
proportionality. The review and evaluation shall be updated at least on an annual basis for cred it in sti tut io ns co vered by the supervisory examination programme referred to in regulation 5
proportionality in accordance with the criteria disclosed pursuant to regulation 17
the review and evaluation referred to in subregulation
exposures. Such tailored methodologies may include risk-oriented benchmarks and quantitative indicators, shall allow for due consideration
the specific risks th at each c redit institution may be exposed to, and shall not affect the institutionspecific nature
measures imposed in accordance with regulation 9: Provided that where the competent authority uses tailored methodologies pursuant to this sub-regulation, it shall notify the EBA.
Regulation (EU) No 1093/2010, the competent authority shall inform the EBA without delay about the results
the review. 3 4 [ S.L.371.16 Cap. 373. BANKING ACT (SUPERVISORY REVIEW)
governance arrangements, the business model, or the activities
a credit institution, gives the competent authority reasonable grounds to suspect that, in connection with that credit institution, money laundering or terrorist financing is being or has been committed or attempted, or there is increased risk thereof, the competent authority shall immediately notify the EBA and the Financial Intelligence Analysis Unit established in terms
the Prevention
Money Laundering Act. In the event
potential increased risk
money laundering or terrorist financing, the competent authority together with the Financial Intelligence Analysis Unit shall conduct a joint assessment. Such assessment shall be immediately notified to the EBA. The competent authority shall take, as appropriate and without prejudice to the power
other authorities to take any action or regulatory measures available to them under any other applicable law, measures in accordance with the Act and any regulations made and Banking Rules issued thereunder transposing the CRD and with any binding legal instruments issued under the CRD: Provided that this sub-regulation shall be without prejudice to the obligations
the competent authority arising out
any other applicable legislation relating to the prevention
money laundering and the funding
terrorism. Technical criteria for the supervisory review and evaluation. Amended by: L.N. 493
2021. 4.
the stress test carried out in accordance with Article 177
the CRR by credit institutions applying an internal ratings based approach; (b) the exposure to and management
concentration risk by credit institutions, including their compliance with the requirements set out in Part Four
the CRR and those on concentration risk in Article 81
the CRD; (c) the robustness, suitability and manner
application
the policies and procedures implemented by credit institutions for the management
the residual risk associated with the use
recognised credit risk mitigation techniques; (d) the extent to which the own funds held by a credit institution in respect
assets which it has securitised are adequate having regard to the economic substance
the transaction, including the degree
risk transfer achieved; (e) the exposure to, measurement and management
liquidity risk by credit institutions including the development
alternative scenario analyses, the management
risk mitigants (in particular the level, composition and quality
liquidity buffers) and effective contingency plans; (f) the impact
diversification effects and how such BANKING ACT (SUPERVISORY REVIEW) [ S.L.371.16 effects are factored into the risk measurement system; (g) the results
stress tests carried out by credit institutions using an internal model to calculate market risk own funds requirements under Part Three, Title IV, Chapter 5
the CRR; (
credit institutions’ the business model
the credit institution.
sub-regulation
the overall liquidity risk management by credit institutions and promote the development
sound internal methodologies. While conducting these reviews, the competent authority shall have regard to the role played by credit institutions in the financial markets. The competent authority shall also duly consider the potential impact
its decisions on the stability
the financial system in all other Member States concerned.
the increased expectation that it will provide future support to its securitisation thus failing to achieve a significant transfer
risk.
the determination to be made under regulation 3
the CRR, enable the credit institution to sell or hedge out its positions within a short period without incurring material losses under normal market conditions.
credit institutions to the interest rate risk arising from non-trading book activities: Provided that the supervisory powers shall be exercised at least in the following cases: (a) where a credit institution’s economic value
equity as referred to in Article 84
the CRD declines by more than 15%
its Tier 1 capital as a result
a sudden and unexpected change in interest rates as set out in any
the six supervisory shock scenarios applied to interest rates; (b) where a credit institution’s net interest income as referred to in Article 84
the CRD experiences a large decline as a result
a sudden and unexpected change in interest rates as set out in any
the two supervisory shock scenarios applied to interest rates: Provided further that, notwithstanding the first proviso to this sub-regulation, the competent authority shall not be obliged to exercise supervisory powers where it considers, based on the review and evaluation referred to in this sub-regulation, that the 5 6 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) credit institution’s management
interest rate risk arising from n o n - tr a di n g b o o k a c t i vi t i e s i s a deq ua te a n d t h a t t h e cr e di t institution is not excessively exposed to interest rate risk arising from non-trading book activities. (5A) For the purposes
sub-regulation
paragraph 5a
the CRD, to be reflected by credit institutions in their calculation
the economic value
equity under Article 84
the CRD.
credit institutions to the risk
excessive leverage as reflected by indicators
excessive leverage, including the leverage ratio determined in accordance with Article 429
the CRR. In determining the adequacy
the leverage ratio
credit institutions and
the arrangements, strategies, processes and mechanisms implemented by credit institutions to manage the risk
excessive leverage, the competent authority shall take into account the business model
those credit institutions.
directors to perform their duties. In conducting that review and evaluation, the competent authority shall, at least, have access to agendas and supporting documents for meetings
the board
directors and its committees, and the results
the internal or external evaluation
performance
the board
directors. Supervisory examination programme. Amended by: L.N. 493
2021. 5.
how the competent authority intends to carry out its tasks and allocate its resources; S.L. 371.11 S.L. 371.15 (b) an identification
which credit institutions are intended to be subject to enhanced supervision and the measures taken for such supervision as set out in subregulation 3; and (c) a plan for inspections at the premises used by a credit institution, including its branches and subsidiaries established in other Member States in accordance with regulation 12
the European Passport Rights for Credit Institutions Regulations and regulation 10
the Supervisory Consolidation Regulations.
the stress BANKING ACT (SUPERVISORY REVIEW) [ S.L.371.16 7 tests referred to in regulation 4
the supervisory review and evaluation process under regulation 3, indicate significant risks to their ongoing financial soundness or indicate breaches
the Act and any regulations or Banking Rules issued thereunder transposing the requirements
the CRD,
any binding legal instruments issued under the CRD and
the CRR; and (b) deleted by Legal Notice 493
2021. (c) any other credit institution for which the competent authority deems it to be necessary.
on-site inspections
the credit institution; (b) a permanent presence
the competent authority at the credit institution; (
the operational, strategic or business plans
the credit institution; and (e) thematic examinations monitoring specific risks that are likely to materialise.
a supervisory examination programme by the European regulatory authority
a home Member State shall not prevent the competent authority from carrying out, on a case-bycase basis, on-the-spot checks and inspections
the activities carried out by branches established in Malta
credit institutions authorised by such European regulatory authorities in accordance with regulation 8
the European Passport Rights for Credit Institutions Regulations.
own funds requirements in accordance with Part Three
the CRR. The competent authority shall have particular regard to changes in a credit institution’s business and to the implementation
those approaches to new products. Where material deficiencies are identified in risk capture by a credit institution’s internal approach, the competent authority shall ensure they are rectified or take appropriate steps to mitigate their consequences, including by imposing higher multiplication factors, or imposing capital addons, or taking other appropriate and effective measures.
the permission to use internal approaches. 8 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) assess whether the credit institution uses well developed and up-todate techniques and practices for those approaches.
the CRR indicate that the model is not or is no longer sufficiently accurate, the competent authority shall revoke the permission for using the internal model or impose appropriate measures to ensure that the model is improved promptly.
own funds requirements in accordance with Part Three
the CRR but no longer meets the requirements for applying that approach, the competent authority shall require the credit institution to either demonstrate to the satisfaction
the competent authority that the effect
non-compliance is immaterial, where applicable in accordance with the requirements
the CRR, or present a plan for the timely restoration
compliance with the requirements and set a deadline for its implementation. The competent authority shall require improvements to that plan if it is unlikely to result in full compliance or if the deadline is inappropriate. If the credit institution is unlikely to be able to restore compliance within an appropriate deadline and, where applicable, has not satisfactorily demonstrated that the effect
non-compliance is immaterial, the permission to use the approach shall be revoked or limited to compliant areas or those where compliance can be achieved within an appropriate deadline.
the CRD and the guidelines containing benchmarks on the basis
that analysis issued by the EBA, for the review
the permissions it grants to credit institutions to use internal approaches for the calculations
own funds requirements. Application
supervisory measures to credit institutions with similar risk profiles. Supervisory powers. Amended by: L.N. 493
2021. 9.
regulations 3, 4
the Act and the application
the CRR, the competent authority shall have at least the following powers: (a) to require credit institutions to have additional own funds in excess
the requirements set out in the CRR, under the conditions set out in regulation 9A; (b) to require the reinforcement
the arrangements, processes, mechanisms and strategies implemented in accordance with articles 17B and 17C
the Act; (
assets in terms
own funds requirements; (e) to restrict or limit the business, operations or network
credit institutions or to request the divestment
activities that pose excessive risks to the soundness
the credit institution; (f) to require the reduction
the risk inherent in the activities, products and systems
credit institutions, including outsourced activities; (g) to require credit institutions to limit variable remuneration as a percentage
net revenues where it is inconsistent with the maintenance
a sound capital base; (
Additional Tier 1 instruments within the meaning
the CRR, where the prohibition does not constitute an event
default
the credit institution; (
sub-regulation
article 17E
the Act, and regulations 3 to 7, any additional information that may be required from credit institutions shall be deemed as duplicative where the same or substantially the same information has already been otherwise reported to the competent authority or may be produced by the competent authority: Provided further that credit institutions shall not be required to report additional information where the competent authority has previously received it in a different format or level
granularity and that different format or granularity does not prevent the competent authority from producing information
the same qual ity and rel iabi lit y as that produ ced o n t he b asi s
th e 9 10 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) additional information that would be otherwise reported.
2021. Deleted by Legal Notice 493
2021. 9A.
the reviews carried out in accordance with regulations 3 and 7, it determines any
the following situations for an individual credit institution: (a) the credit institution is exposed to risks or elements
risk that are not covered or not sufficiently covered, as specified in sub-regulation
the CRR and in Chapter 2
Regulation (EU) 2017/ 2402; (b) the credit institution does not meet the requirements set out in articles 17B and 17C
the Act or in Article 393
the CRR and it is unlikely that other supervisory measures would be sufficient to ensure that those requirements can be met within an appropriate time-frame; (c) the adjustments referred to in regulation 4
the permitted approach will likely lead to inadequate own funds requirements; (e) the credit institution repeatedly fails to establish or maintain an adequate level
additional own funds to cover the guidance communicated in accordance with regulation 9B
certain economic and market developments on the risk profile
an individual credit institution.
sub-regulation
risk shall only be considered as not covered or not sufficiently covered by the own funds requirements set out in Parts Three, Four and Seven
the CRR and in Chapter 2
Regulation (EU) 2017/ 2 4 0 2 w h e r e t h e a m o u n t s , t y p es a n d d i s t r i b u t i o n o f c a p i t a l considered adequate by the competent authority, taking into account the supervisory review
the assessment carried out by credit institutions in accordance with article 17C
the Act, are BANKING ACT (SUPERVISORY REVIEW) [ S.L.371.16 higher than the own funds requirements set out in Parts Three, Four and Seven
the CRR and in Chapter 2
Regulation (EU) 2017/ 2402.
sub-regulation
each individual credit institution, the risks to which the credit institution is exposed, including: (a) institution-specific risks or elements
such risks that are explicitly excluded from or not explicitly addressed by the own funds requirements set out in Parts Three, Four and Seven
the CRR and in Chapter 2
Regulation (EU) 2017/2402; (b) institution-specific risks or elements
such risks likely to be underestimated despite compliance with the applicable requirements set out in Parts Three, Four and Seven
the CRR and in Chapter 2
Regulation (EU) 2017/2402: Provided that, to the extent that risks or elements
risk are subject to transitional arrangements or grandfathering provisions laid down in the Act and any regulations made and Banking Rules issued thereunder transposing the CRD, in any binding legal instruments issued under the CRD or in the CRR, they shall not be considered risks or elements
such risks likely to be underestimated despite compliance with the applicable requirements set out in Parts Three, Four and Seven
the CRR and in Chapter 2
Regulation (EU) 2017/2402.
sub-regulation
risks identified as material pursuant to the assessment laid down in subregulation
the CRR and in Chapter 2
Regulation (EU) 2017/2402: Provided that interest rate risk arising from non-trading book positions may be considered material at least in the cases referred to in regulation 4
interest rate risk arising from no n - t r a d i ng b oo k a c t i v i ti e s is a d e q u a t e an d t ha t t h e cr e d it institution is not excessively exposed to interest rate risk arising from non-trading book activities.
excessive leverage not sufficiently covered by point (d)
the CRR, the competent authority shall determine the level
the additional own funds required under subregulation
the CRR and in Chapter 2
Regulation (EU) 2017/2402: Provided that where additional own funds are required to 11 12 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) address the risk
excessive leverage not sufficiently covered by point (d)
the CRR, the competent authority shall determine the level
the additional own funds required under subregulation
the CRR.
excessive leverage with own funds that satisfy the following conditions: (a) at least three quarters
the additional own funds requirement shall be met with Tier 1 capital; (b) at least three quarters
the Tier 1 capital referred to in paragraph (a) shall be composed
Common Equity Tier 1 capital.
excessive leverage with Tier 1 capital.
derogation from sub-regulations
Tier 1 capital or Common Equity Tier 1 capital, where necessary, and having regard to the specific circumstances
the credit institution.
excessive leverage shall not be used to meet any
the following: (
the CRR; (
excessive leverage.
excessive leverage not sufficiently covered by point (d)
the CRR shall not be used to meet any
the following: (a) the own funds requirement set out in point (d)
the CRR; (b) the leverage ratio buffer requirement referred to in Article 92
the CRR; (c) the guidance on additional own funds referred to in regulation 9B
excessive leverage.
the full assessment
the elements referred to in subregulations
the reasons for which the imposition
guidance on additional own funds is no longer considered sufficient. 9B.
the Act, credit institutions shall set their internal capital at an adequate level
own funds that is sufficient to cover all the risks that a credit institution is exposed to and to ensure that the credit institution’s own funds can absorb potential losses resulting from stress scenarios, including those identified under the supervisory stress test referred to in regulation 6.
the internal capital set by the credit institution in accordance with sub-regulation
the reviews and evaluations performed in accordance with regulations 3 and 7, including the results
the stress tests referred to in regulation 6. Pursuant to that review, the competent authority shall determine for the credit institution the overall level
own funds it considers appropriate.
own funds required pursuant to Parts Three, Four and Seven
the CRR, Chapter 2
Regulation (EU) 2017/2402, regulation 9
the CRD or pursuant to Article 92
the CRR, as relevant, which are needed to reach the overall level
own funds considered appropriate by the competent authority pursuant to sub-regulation
those risks that are not already covered under that requirement.
excessive leverage shall not be used to meet any
the following: (
the CRR; (b) the requirement laid down in regulation 9A imposed by the competent authority to address risks other than the risk
excessive leverage and the combined buffer requirement: Provided that own funds that are used to meet the guidance on additional own funds communicated in accordance with subregulation
excessive leverage shall not be used to meet the own funds requirement set out in point (d)
the CRR, the requirement laid down in regulation 9A imposed by the competent authority to address the risk
excessive leverage and the leverage ratio buffer requirement Guidance on additional own funds. Added by: L.N. 493
2021. 14 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) referred to in Article 92
the CRR.
the CRR and in Chapter 2
Regulation (EU) 2017/2402, the relevant additional own funds requirement referred to in regulation 9
the CRR shall not trigger the restrictions referred to in Article 141 or 141b
the CRD. Cooperation with Resolution Committee. Added by: L.N. 493
2021 Specific liquidity requirements. Amended by: L.N. 493
2021. 9C. The competent authority shall notify the Resolution Committee
the additional own funds requirement imposed on credit institutions pursuant to regulation 9
any g u i d a n c e o n a d d i t i o n al o w n f u n d s co m m u n i c a t e d t o c r e d i t institutions in accordance with regulation 9B
determining the appropriate level
liquidity requirements on the basis
the review and evaluation carried out in accordance with these regulations, the competent authority shall assess whether any imposition
a specific liquidity requirement is necessary to capture liquidity risks to which a credit i ns t it ut i on i s o r m ig ht b e exp ose d , t a k in g in to a c c ou nt t he following: (a) the particular business model
the credit institution; (b) the credit institution’s arrangements, processes and mechanisms referred to in Section II
the CRD and in particular in Article 86
the CRD in relation to liquidity risk; (c) the outcome
the review and evaluation carried out in accordance with regulation 3. (d) Deleted by Legal Notice 493
2021. S.L. 371.05
the Administrative Penalties, Measures and Investigatory Powers Regulations, the competent authority shall consider the need to apply administrative penalties or other administrative measures, including prudential charges, the level
which broadly relates to the disparity between the actual liquidity position
a credit institution and any liquidity and stable funding requirements established at national or at European Union level.
an individual credit institution or systemic instability.
: (a) the functioning
its review and evaluation process referred to in regulation 3; 15 Notification to EBA by the competent authority. (b) the methodology used to base decisions on the technical criteria for supervisory review referred to in regulation 4, the supervisory stress testing in regulation 6, the review
internal approaches in regulation 7, the supervisory measures in article 17E
the Act, the supervisory powers in regulation 9 and the specific liquidity requirements in regulation 10, on the process referred to in paragraph (a). 12. The competent authority shall apply the review and evaluation process referred to in these regulations in accordance with the level
application
the requirements
Part One, Title II
the CRR. 13.
the CRR as well as the information provided by credit institutions on the gender pay gap and shall use that information to benchmark remuneration trends and practices. The competent authority shall provide the EBA with such information. Review and evaluation and application
supervisory measures. Oversight
remuneration policies. Amended by: L.N. 493
2021.
natural persons per credit institution that are remunerated EUR 1 million or more per financial year, in pay brackets
€1 million, including their job responsibilities, the business area involved and the main elements
salary, bonus, long-term award and pension contributions. The competent authority shall forward such information to EBA. 14. The competent authority shall, taking into account the nature, scale and complexity
the credit institutions’ activities, monitor that credit institutions do not solely or mechanistically rely on external credit ratings for assessing the creditworthiness
an entity or financial instrument. 15.
internal approaches permitted to be used by credit institutions, it shall do so in consultation with the EBA and shall ensure that credit institutions report the results
the calculations for these specific portfolios separately from the results
the calculations for the benchmark portfolios required under Article 78
the CRD.
the information submitted by credit institutions, monitor the range
risk weighted exposure amounts or own funds requirements, as applicable, except for operational risk, for the exposures or transactions in the benchmark portfolio resulting from the internal approaches
those credit institutions. The competent authority shall make an assessment, at least annually,
the quality
those approaches paying particular attention to: (a) those approaches that exhibit significant differences in Sole or mechanistic reliance on external credit ratings. Supervisory benchmarking
internal approaches for calculating own funds requirements. 16 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) own fund requirements for the same exposure; (b) approaches where there is particularly high or low diversity, and also where there is a significant and systematic under-estimation
own funds requirements.
their peers or where there is little commonality in approach leading to a wide variance
results, the competent authority shall investigate the reasons therefor and, if it can be clearly identified that a credit institution’s approach leads to an underestimation
own funds requirements which is not attributable to differences in the underlying risks
the exposures or positions, the competent authority, shall take corrective action.
corrective actions as referred to in subregulation
an internal approach and therefore do not: (
diversity practices by the competent authority. General disclosures by the competent authority. Amended by: L.N. 493
the CRR and shall use it to benchmark diversity practices. The competent authority shall provide that information to the EBA. 17.
4 June 2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date
the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU
the European Parliament and
the Council, as amended from time to time, publish the following information: (a) the texts
laws, regulations, administrative rules and general guidance adopted in Malta in the field
prudential regulation; (b) the manner
exercise
the options and discretions available in European Union law; (c) the general criteria and methodologies used in the review and evaluation referred to in regulation 3 including the criteria for applying the principle
proportionality as referred to in regulation 3
the CRD, aggregate statistical data on key aspects
the implementation
the prudential framework in Malta, including the number and nature
supervisory measures taken in accordance with article 17E
the Act, and
administrative penalties imposed in accordance with regulation 4
the Administrative Penalties, Measures and Investigatory Powers Regulations. 17 S.L. 371.05
the CRD, the information published in accordance with sub-regulation
the approaches adopted by the European regulatory authorities. The disclosures shall be published following a common format and updated regularly. The disclosures shall be accessible at a single electronic location. 18.
Part Five
the CRR, relating to exposures to transfer credit risk, the competent authority shall publish the following information: (a) the general criteria and methodologies adopted to review compliance with Articles 405 to 409
the CRR; (b) without prejudice to the provisions laid down in Title VII, Chapter 1, Section II
the CRD, a summary description
the outcome
the supervisory review and description
the measures imposed in cases
non-compliance with Articles 405 to 409
the CRR, identified on an annual basis.
the CRR, it shall publish the following information: (a) the criteria it applies to determine that there is no current or foreseen material practical or legal impediment to the prompt transfer
own funds or repayment
liabilities; (b) the number
parent institutions in Malta and EU parent institutions which benefit from the exercise
the discretion laid down in Article 7
the CRR and the number
those which incorporate subsidiaries in a third country; (
own funds on the consolidated basis
the parent institution in Malta, which benefits from the exercise
the discretion laid down in Article 7
the CRR, which are held in subsidiaries in a third country; (ii) the percentage
total own funds on the consolidated basis
parent institutions in Malta which benefits from the exercise
the discretion laid down in Article 7
the CRR, Specific disclosures by the competent authority. Amended by: L.N. 76
2019. 18 [ S.L.371.16 BANKING ACT (SUPERVISORY REVIEW) represented by own funds which are held in subsidiaries in a third country; (iii) the percentage
total own funds required under Article 92
the CRR on the consolidated basis
parent institutions in Malta, which benefits from the exercise
the discretion laid down in Article 7
the CRR, represented by own funds which are held in subsidiaries in a third country.
the CRR, it shall publish the following information: (a) the criteria it applies to determine that there is no current or foreseen material practical or legal impediment to the prompt transfer
own funds or repayment
liabilities; (b) the number
parent institutions in Malta and EU parent institutions which benefit from the exercise
the discretion laid down in Article 9
the CRR and the number
such parent institutions which incorporate subsidiaries in a third country; (
own funds
parent institutions in Malta and EU parent institutions which benefit from the exercise
the discretion laid down in Article 9
the CRR which are held in subsidiaries in a third country; (ii) the percentage
total own funds
parent institutions in Malta and EU parent institutions which benefit from the exercise
the discretion laid down in Article 9
the CRR represented by own funds which are held in subsidiaries in a third country; (iii) the percentage
total own funds required under Article 92
the CRR
parent institutions in Malta and EU parent institutions which benefit from the exercise
the discretion laid down in Article 9
the CRR represented by own funds which are held in subsidiaries in a third country.
AI explanation based on the official legal text. Indicative, not a substitute for legal advice.