• About the FSA
  • What we do
    • International and EU
      • CRD / Basel2
        • Supervisory disclosure
          • Rules and guidance
            • Laws regulations & administrative rules (Directive 2006/49/EC)
            • Laws regulations & administrative rules (Directive 2006/48/EC)
            • ECAI Recognition process
            • Model Validation
            • Guidance for model approval
            • Slotting criteria
            • Disclosure on waivers
            • Additional information - specific treatment of securitisations
            • Additional information - public sector entities

Related external information

Committee of European Banking Supervisors

Rules & Guidance

 

 

The Capital Requirements Directive (CRD) requires competent authorities to disclose texts of laws, regulations, administrative rules and general guidance adopted in their Member State to transpose its the Basel 2-related provisions.

1. Text of laws and regulations: refers to the basic legislative and regulatory framework adopted by each Member state to implement the Basel 2-related provisions of the recast Directives 2006/49/EC and 2006/48/EC.
2. Administrative Rules: refers to documents that instruct supervised institutions on how to fulfil legislative and regulatory requirements.
3. General guidance includes explicit disclosure requirements for the recast Directive 2006/48/EC and explanations judged necessary to set out how the rules should be applied by institutions. Also, such guidance will cover any other relevant information that competent authorities may wish to release to improve the understanding of the new capital adequacy framework.

Transposition of the CRD into UK law is split between us – the Financial Services Authority (FSA) – and the Treasury. We have transposed the bulk of the CRD by making rules (the Handbook rules) using our powers under section 130 of the Financial Services and Markets Act (FSMA). The Treasury has transposed the various provisions that place new duties on us into domestic legislation. These provisions cover two main areas: group model recognition for the advanced approaches to measuring Pillar 1 capital requirements; and the recognition of external credit assessment institutions (ECAIs). The UK transposition affects all banks, building societies and certain types of investment firms but not firms in Overseas Territories or the Crown Dependencies.

The following tables of information are disclosed:

• Laws, regulations and administrative rules

  • Directive 2006/49/EC
  • Directive 2006/48/EC

• External credit assessment institutions' (ECAI) recognition process

• Guidance for model validation

• Guidance for model approval

• Slotting criteria

• Other CRD disclosure requirements

  • Disclosure on waivers for solo supervision
  • Specific treatment of securitisations

• Additional information Public Sector Entities

• Supervisory Disclosure on Reporting

  • Use of the Guidelines on Common Reporting [xls]
  • Use of the Guidelines on Financial Reporting [xls]

Attention is drawn to the Implementation Questions and Answers published by CEBS that are relevant to the Common Reporting and Financial Reporting frameworks.