On the 9 May 2025, the MFSA issued a consultation document on the national transposition and implementation of the Banking Package,1 namely CRDVI2 and CRRIII.
While the requirements of CRRIII3 are legally binding and were largely applicable as from 1 January 2025, the provisions of the CRDVI need to be transposed into local legislation and shall apply from 11 January 2026, with a few derogations relating to the third country branches’ framework which shall become fully applicable from 11 January 2027.
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