The Bank Of Lithuania Adopts EBA Guidelines On Historical Data Resubmission

The Bank of Lithuania will follow the European Banking Authority's (EBA) Guidelines on the Resubmission of Historical Data under the EBA Reporting Framework (EBA/GL/2024/04) in its financial market supervision. Effective 17 October 2024, these Guidelines establish precise requirements for financial sector entities to address errors, inaccuracies, or changes in previously reported data.

Who Needs to Comply?

The Guidelines apply to financial institutions reporting under the EBA's Supervision and Resolution Reporting Framework, such as:

• Credit institutions
• Payment institutions
• Brokerage firms

Key Provisions of the Guidelines

• Mandatory Resubmission of Historical Data: If data from previous reporting periods contain inaccuracies, mistakes, or changes, financial sector entities must correct and resubmit them.