7.9 Communication of prudential requirements

Example of communicating prudential requirements (see also Figure 6):

As of DATE and until otherwise communicated, INSTITUTION is expected to hold capital to meet a total SREP capital requirement (TSCR) of [11%] of TREA, to be met at all times.

Of this [11%]:

- 8% (comprising at least 56% CET1 and 75% T1) represents own funds requirements specified in Article 92 of Regulation (EU) No 575/2013;

- [3%] represents additional own funds in excess of the requirements specified in Article 92 of Regulation (EU) No 575/2013, of which [2%] (comprising at least XX% CET1 and YY% T1) is to cover unexpected losses identified through SREP and [1%] (comprising at least XX% CET1 and YY% T1) is to cover OTHER [e.g. governance concerns] identified through SREP.

INSTITUTION is hereby reminded that it is also subject to the overall capital requirement (OCR), as defined in Section 1.2 of Guidelines EBA/GL/2014/13, which includes, in addition to the TSCR, the combined buffer requirement as defined in poi