On 21 December 2022, the European Banking Authority (“EBA”) published its final Draft Regulatory Technical Standards (“RTS”) on the identification of a group of connected clients (“GCC”) under Article 4 paragraph 1 number 39 of the Capital Requirements Regulation (“CRR”).
The draft RTS, in conjunction with the EBA Guidelines on connected clients, provides a complete framework for the identification of two or more natural or legal persons who, due to their close links are to be considered as a single risk.
The RTS offers more guidance about the identification of a group of connected clients under a control relationship, economic dependency and combined existence of control relationships and economic dependencies.
The full version of the draft Regulatory Technical Standards can be found here: Regulatory Technical Standards on the identification of a group of connected clients | European Banking Authority (europa.eu)
For further information or questions, kindly get in touch with Alexander Cachia Zammit (alexander.cachiazammit@camilleripreziosi.com).
