Rules
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The CRR and the CRDIV, which together constitute the CRD IV Package were published in the Official Journal (OJ) of the European Union on 27 June 2013. The CRD IV Package sets out the legal framework for the prudential regulation and supervision of credit institutions.
Member States are required to adopt and publish the laws, regulations and administrative provisions necessary to comply with CRDIV. Credit institutions shall refer to the provisions in CRDIV which shall apply until such time local legislation transposing the latter comes into force.
The CRR is directly applicable in all Member States and does not require national transposition. With the exception of certain articles, the CRR is applicable as from 1 January 2014.
As a result of the above, Directive 2006/48/EC and Directive 2006/49/EC have been repealed with effect from 1 January 2014.
The CRDIV package will be complemented by well over 100 Binding Technical Standards (BTS) i.e. Regulatory/Implementing Technical Standards (R/ITS), Guidelines, Lists which will be drafted by EBA and issued by the EU Commission as (automatically binding) EU Regulations.
Since the CRR covers most of the provisions which were found in Banking Rules, a number of such Rules have either been repealed in their entirety, or amended to remove those provisions covered by the CRR which no longer need transposition. Amendments to Banking Rules have also taken place to transpose provisions found in the CRDIV.
The following are the Rules which have been repealed or updated:
- BR/02/2011 Large Exposures of Credit Institutions authorised under the Banking Act 1994 (repealed and replaced by relevant CRR provisions)
- BR/03/2012 Own Funds of Credit Institutions Authorised under the Banking Act 1994 (repealed and replaced by relevant CRR provisions)
- BR/04/2013 Capital Requirements of Credit Institutions Authorised under the Banking Act 1994 (repealed and replaced by relevant CRR provisions)
- BR/07/2014 Publication of Annual Report and Audited Financial Statements of Credit Institutions Authorised under the Banking Act 1994 (partly repealed by relevant CRR provisions)
- BR/08/2012 Capital Adequacy of Credit Institutions Authorised Under the Banking Act 1994 (repealed and replaced by relevant CRR provisions)
- BR/09/2013 Measures Addressing Credit Risks Arising from the Assessment of the Quality of Asset Portfolios of Credit Institutions Authorised under the Banking Act 1994 (updated by BR/09/2016)
- BR/10/2013 Supervision on a Consolidated Basis of Credit Institutions authorised under the Banking Act 1994 (repealed and replaced by relevant CRDIV and CRR provisions)
- BR/12/2014 The Supervisory Review Process Of Credit Institutions Authorised Under The Banking Act 1994 (partly repealed and replaced by relevant CRDIV provisions)
These rules may still be found under Rules applicable up to 31 December 2013.
The above does not preclude that other changes could be required to be effected. References to Directives 2006/48/EC and 2006/49/EC throughout the Banking Rules shall be construed as references to the CRDIV and to the CRR and shall be read in accordance with the correlation table set out in Annex II to the CRDIV and in Annex IV to the CRR.
Credit institutions are to refer to the relevant articles in the CRR, R/ITS and any other Guidelines or EU legislation that may be issued from time to time.
Since the introduction of the Single Supervisory Mechanism (SSM), all new authorisations, withdrawals, and changes to qualifying shareholding structures of credit institutions are jointly reviewed by the MFSA together with the participation of the ECB. Please follow this link bankingsupervision to access the ECB’s AUT webpage for more details.
BR/01/2020 Application Procedures And Requirements For Authorisation Of Licences For Banking Activities Under The Banking Act 1994
Internet and Electronic Banking Questionnaire
Application for Authority to carry out the Business of Banking in or from Malta
Questionnaire for Qualifying Shareholders other than Individuals
BR/02/2011 Large Exposures for Credit Institutions Authorised Under the Banking Act 1994
BR/03/2012 Own Funds of Credit Institutions Authorised Under the Banking Act 1994
BR/04/2013 Capital Requirements Of Credit Institutions Authorised Under the Banking Act 1994
BR/05/2007 Liquidity Requirements of Credit Institutions Authorised Under the Banking Act 1994
Liquidity Requirements of Credit Institutions authorised under the Banking Act 1994
Annex 2 – Liquidity Maturity Ladder
Annex 3 & 4 – Liquidity Ratio – Deposit Liabilities
Annex 5- Liquid-Asset Requirement
Annex 6 – Declaration Form to be used in filing Annexes 2 and 5 of the Rule
BR/06/2007 Statutory Financial Information To be Submitted By Credit Institutions Authorised Under the Banking Act 1994
Instructions to the Schedule Appendices 1 – 11
BR/07/2014 Publication of Annual Report And Audited Financial Statements of Credit Institutions Authorised Under The Banking Act 1994.
BR/08/2012 Capital Adequacy Of Credit Institutions Authorised Under the Banking Act 1994.
BR/09/2016 Measures Addressing Credit Risk Arising From the Assessment Of the Quality of Asset Portfolios Of Credit Institutions Authorised Under the Banking Act 1994.
BR/10/2013 Supervision On A Consolidated Basis of Credit Institutions Authorised Under The Banking Act 1994.
BR/11/2007 Extension Of The Applicability Of The ‘Arm’s Length’ Principle By Credit Institutions Authorised Under The Banking Act 1994
BR/12/2014 The Supervisory Review Process Of Credit Institutions Authorised Under The Banking Act 1994
The Supervisory Review Process of Credit Institutions authorised under the Banking Act 1994
Appendix 1 – Principles on Internal Governance
Appendix 2 – Internal Capital Adequacy Assessment Process (ICAAP) – General Framework
- Annex 2A – ICAAP Report – Recommended Structure
- Annex 2B – Technical Criteria on Organisation & Treatment of Risks
- Annex 2C – List of Definitions
- Annex 2D – Principles on Stress Testing
- Annex 2E – Remuneration Principles: Policy, Committee and Elements
- Annex 2F – Principles for the Management of Interest Rate Risk in the Banking Book (IRRBB)
- Annex 2G – Principles for the Management of Concentration Risk
- Annex 2H – Principles on Risk Management
- Annex 2I – Principles for the Management of Risk in Market-Related Activities
- Annex 2J – Market Risk – Calculation of General Interest Rate Risk on Debt Instruments
- Annex 2K – Implicit Support for Securitisation Transactions by Credit Institutions authorised under the Banking Act 1994
Appendix 3 – The Authority’s Supervisory Review and Evaluation Process (SREP) – General Framework
- Annex 3A – SREP-ICAAP Interaction Process
- Annex 3B – Technical Criteria on the Supervisory Review and Evaluation Process as utilised by the Authority
- Annex 3C – The Authority’s Prudential Measures
Appendix 4 – Obligations of the Authority as Consolidating Supervisor
Appendix 5 – Market Transparency on Asset Encumbrance and Monitoring thereof
BR/13/2009 Prudential Assessment Of Acquisitions And Increase Of Shareholdings In Credit Institutions Authorised Under The Banking Act 1994
BR/14/2020 Outsourcing By Credit Institutions Authorised Under The Banking Act 1994
Outsourcing by Credit Institutions Authorised under the Banking Act 1994
BR/15/2015 Capital Buffers Of Credit Institutions Authorised Under The Banking Act 1994
Capital Buffers of Credit Institutions Authorised Under the Banking Act 1994
BR/16/2020 Funding Plans for Credit Institutions Authorised under the Banking Act (Cap. 371)
Funding Plans for Credit Institutions Authorised under the Banking Act (Cap. 371)
Annex 1 – Reporting Instructions
BR/17/2016 ‘Management Expenses Contribution’ Under The Depositor Compensation Scheme Regulations (Sl.371.09)
“Management Expenses Contribution” under the Depositor Compensation Scheme Regulations (Sl.371.09)
BR/18/2016 ‘Risk-Based Method’ And The ‘Compensation Contribution Method’ Under The Depositor Compensation Scheme Regulations
BR/19/2019 Banking Rule On ‘Payment Commitments’ Under The Depositor Compensation Scheme Regulations (S.L. 371.09)
BR/20/2019 Recovery Plans for Credit Institutions Authorised Under the Banking Act (CAP. 371)
Recovery Plans for Credit Institutions Authorised Under the Banking Act (CAP. 371)
BR/21/2019 Remuneration Policies and Practices
Remuneration Policies and Practices
BR/22/2020 Complaints-Handling Procedures for Credit Institutions Authorised under the Banking Act 1994
Complaints-Handling Procedures for Credit Institutions Authorised under the Banking Act 1994
BR/23/2020 Reporting and Disclosure of Exposures subject to Measures applied in response to the COVID-19 Crisis
Reporting and Disclosure of Exposures subject to Measures applied in response to the COVID-19 Crisis
