Comments

Comments on the European Commission’s proposal for a regulation on instant credit transfer

COM(2022) 546 final

Albrecht Wallraf
Albrecht Wallraf

The German Banking Industry Committee (GBIC) has commented on the European Commission’s proposal for a regulation amending Regulations (EU) No 260/2012 and (EU) 2021/1230 as regards instant credit transfers in euro.

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Proposal to instant credit transfers

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GBIC comments on amending Delegated Regulation (EU) 2019/98

The German Banking Industry Committee (GBIC) welcomes the objective of revising Commission Delegated Regulation (EU) 2019/980 to simplify prospectus requirements, streamline their content and further standardise format and structure, thereby reducing administrative burdens for issuers, improving comparability for investors and strengthening access to EU capital markets.