EBA responds to Commission's non-adoption of amending RTS on prior permission
The European Commission has decided not to endorse the draft amending Regulatory Technical Standards submitted by the EBA on 19 March 2026, which aimed to shorten the application period for prior permission to reduce own funds and eligible liabilities instruments. The EBA has acknowledged the decision and will instead pursue a broader review of the existing RTS, as proposed by the Commission. The current prior permission framework under Commission Delegated Regulation (EU) No 241/2014 therefore remains unchanged for the time being.
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