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Article 1 - Format of the information to be reported annually to competent authorities by branches of third-country firms

Article 1

Format of the information to be reported annually to competent authorities by branches of third-country firms

1.   The branch of a third-country firm authorised in accordance with Article 41(1) of Directive 2014/65/EU shall use the format set out in Annex I to report the information referred to in Article 41(3) of that Directive. However, where the third-country firm is subject to an equivalence decision as referred to in Article 47(1) of Regulation (EU) No 600/2014, the branch of such third-country firm shall use the format set out in Annex II for those services and activities that are covered by such equivalence decision.

2.   The information referred to in paragraph 1 shall be submitted in a language customary in the sphere of international finance.

3.   The information referred to in paragraph 1 shall be submitted by 30 April of each year and shall cover the period from 1 January to 31 December of the preceding calendar year. The information provided shall be accurate as of 31 December of the preceding year.