On 8 October 2014, the European Commission published the text of the Delegated Regulation; it adopted supplementing the CRD IV Directive. This Delegated Regulation will apply from 1 January 2015.
It deals with the following:
- The methodology to be used by a Member State to identify a relevant entity as a G-SII;
- The methodology for the definition of subcategories of G-SIIs;
- The allocation of GSIIs to those subcategories based on their systemic significance; and
- The timelines and data to be used for the identification process.