Proposed changes to Article 473a CRR Phase-in of regulatory impact of the introduction of IFRS 9

Further to the Presidency non-paper numbered WK 2845/2017 INIT and issued on 13 March 2017, the Council Working Party on Financial Services (RRM) discussed, on 16 March 2017 (the 7th WP), a revised version of Article 473a CRR proposed by the Presidency which included different options for further discussion.
Following the discussions at the 7th WP and taking into account the responses from the delegations to the specific questions on the transitional regime for IFRS 9 as set out in Article 473a of the CRR, the Presidency proposes a 2nd revised version of Article 473a CRR
(Annex I).
The 2nd revised version builds upon the previous revised version and aims to take on board the preferences voiced during the previous meeting as well as the written responses.

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