EBA: Draft regulatory technical standards on the conditions for assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for credit, market and operational risk under articles 138(5), 301(3)(a) and 352(3)(a) of Regulation (EU) XX/XXXX of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms [CRR]

The draft CRR contains, amongst other matters, mandates for EBA to develop draft regulatory technical standards to specify the conditions for assessing the materiality of extensions and changes of internal approaches when calculating own funds requirements for credit, market and operational risk. It is noted that as the CRR is still in a draft form at the time of publishing of this draft RTS, following the end of the consultation period, and to the extent that the final text of the CRR changes before the adoption of the standards, EBA will adapt the draft standards accordingly to reflect any developments. Responses are required by 11 June 2013.