EBA has opened a consultation, until 11 June, on draft RTS under the Capital Requirements Regulation on conditions for assessing the materiality of extensions and changes of internal models when calculating own funds requirements for credit, market and operational risks. Depending on the degree of materiality of changes to internal models, firms would have to either request permission, notify in advance of their implementation, or simply notify at regular intervals, after implementation. (Source: RTS on Conditions for Assessing the Materiality of Extensions and Changes of Internal Models)