Clifford Chance

New EU rules on non-performing loans: Commission adopts implementing technical standards

5 October 2023

The European Commission has now adopted the implementing technical standards (ITS) setting out the new disclosure templates to be used by EU banks selling non-performing loans (NPLs) under the EU Directive on credit servicers and credit purchasers. The adopted ITS make some changes to the final draft ITS proposed by the European Banking Authority (EBA), including a change reducing the scope of the obligations to provide information to prospective buyers.

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