EBA report on direct provision of banking services from third countries

Ucits and AIFMD clarification requested by EBA following CRD report

The European Banking Authority (EBA) has recommended clarification of the impact on Ucits and AIFMD of the new Article 21c of the Capital Requirement Directive (CRD) following its own report into the direct provision of banking services from third countries. The EBA says its quantitative and qualitative analysis “didn’t provide evidence to recommend the amendment

EBA report on direct provision of banking services from third countries

On 23 July 2025, the European Banking Authority (EBA) published a report on the exemption of third country undertakings from the requirement to set-up a branch for the provision of banking services to EU financial sector entities. Background Article 21c of the Capital Requirements Directive VI (CRD VI) regulates when the establishment of a third country branch is required for the provision of core banking services by third country credit institu…