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Banking Rule Book
Text applicable on 11 Jan 2026Consolidated version of 11 Jan 2026Earlier versionUpcoming changefrom 11 Jul 2026Unofficial text · authentic on EUR-Lex (opens in a new tab)

CRD Article 48k — as applicable on 11 Jan 2026 (version of 11 Jan 2026)

Article 48k

Regulatory and financial information on third-country branches and on the head undertaking

1.

Member States shall require third-country branches to periodically report to their competent authorities information on:

(a)

the assets and liabilities held on their books in accordance with Article 48h and the assets and liabilities originated by the third-country branches, with a breakdown that singles out:

(i)

the largest recorded assets and liabilities classified by sector and counterparty type, including, in particular, financial sector exposures;

(ii)

significant exposure and funding source concentrations to specified types of counterparties;

(iii)

significant internal transactions with the head undertaking and with members of the head undertaking’s group;

(b)

the third-country branches’ compliance with the requirements that apply to them under this Directive;

(c)

on an ad hoc basis, the deposit protection arrangements available to depositors in the third-country branches in accordance with Article 15(2) and (3) of Directive 2014/49/EU of the European Parliament and of the Council ((15));

(d)

additional regulatory requirements imposed on the third-country branches by Member States under national law.

For the purposes of reporting the information on the assets and liabilities held on their books in accordance with the first subparagraph, point (a), third-country branches shall apply the international accounting standards as applied in accordance with Regulation (EC) No 1606/2002 (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((16)) or the applicable generally accepted accounting principles in the Member State.

2.

Member States shall require third-country branches to report to their competent authorities the following information on their head undertaking:

(a)

on a periodic basis, aggregated information on the assets and liabilities held or booked, respectively, by the subsidiaries and other third-country branches of that head undertaking’s group in the Union;

(b)

on a periodic basis, the head undertaking’s compliance with the applicable prudential requirements on an individual and consolidated basis;

(c)

on an ad hoc basis, significant supervisory reviews and assessments, when those are conducted on the head undertaking, and the consequent supervisory decisions;

(d)

the recovery plans of the head undertaking and the specific measures that could be taken on the third-country branches in accordance with those plans, and any subsequent updates and amendments to those plans;

(e)

the head undertaking’s business strategy in relation to the third-country branches and any subsequent changes to that strategy;

(f)

the services provided by the head undertaking to clients established or situated in the Union on the basis of reverse solicitation of services in accordance with Article 21c.

3.

The reporting obligations laid down in this Article shall not prevent a competent authority from imposing additional reporting requirements on third-country branches where it deems additional information is necessary to gain a comprehensive view of the third-country branches’ or their head undertaking’s business, activities or financial soundness, to verify the third-country branches’ and their head undertaking’s compliance with applicable law and to ensure the third-country branches’ compliance with that law.