CRR Tool
Capital Requirements Regulation (CRR)
Article 466

Article 466 - First time application of International Financial Reporting Standards

Status
In force
Selected consolidated version from
30/09/2021
Search all articles and keywords within this legal act

Article 466

First time application of International Financial Reporting Standards

By way of derogation from Article 24(2), competent authorities shall grant institutions which are required to effect the valuation of assets and off-balance sheet items and the determination of own funds in accordance with the international accounting standards as applicable under Regulation (EC) No 1606/2002 for the first time a lead time of 24 months for the implementation of the necessary internal processes and technical requirements.



Related documents