Section 2
Disclosure by competent
authorities
Article 144
Competent authorities shall
disclose the following information:
(a) the texts of laws,
regulations, administrative rules and general guidance adopted in
their Member State in the field of prudential regulation;
(b) the manner of exercise
of the options and discretions available in Community legislation;
(c) the general criteria
and methodologies they use in the review and evaluation referred to
in Article 124; and
(d) without prejudice to
the provisions laid down in Chapter 1, Section 2, aggregate
statistical data on key aspects of the implementation of the
prudential framework in each Member State.
The disclosures provided
for in the first subparagraph shall be sufficient to enable a
meaningful comparison of the approaches adopted by the competent
authorities of the different Member States.
The disclosures shall be
published with a common format, and updated regularly. The
disclosures shall be accessible at a single electronic location.
Notwithstanding Articles
146 to 148, Member States shall empower the competent authorities to
require credit institutions:
(a) to make one or more of
the disclosures referred to in Annex XII, Parts 2 and 3;
(b) to publish one or more
disclosures more frequently than annually, and to set deadlines for
publication;
(c) to use specific media
and locations for disclosures other than the financial statements;
and
(d) to use specific means
of verification for the disclosures not covered by statutory audit.
