Scope of application

4. The revised disclosure requirements presented in this document supersede the existing Pillar 3 disclosure requirements issued in 2004, including the amendments made in July 2009 [See footnote 2 above.]. These revised requirements are an integral part of the Basel framework and they complement other disclosure requirements issued separately by the Committee, which are listed in Annex II to this document. Pillar 3 applies to internationally active banks at the top consolidated level [See paragraphs 20, 21 and 22 of the Basel framework.].

Implementation date

5. Authorities will enforce the disclosure requirements in this document from end-2016 (ie banks will be required to publish their first Pillar 3 report under the revised framework concurrently with their year-end 2016 financial report). The Committee encourages early adoption by individual jurisdictions.

Reporting location