Undertakings using the interest rate or technical provisions transitional must disclose in the professional SFCR the fact of use, the impact of not applying it, the reasons for using it if they would comply without it, and an assessment of their dependency and any plan to reduce it; all undertakings must disclose the combined effect on their financial position if the extrapolation phase-in and all transitionals were switched off. After 30 January 2027 new transitional approvals are limited to undertakings newly entering the Directive's scope or accepting a portfolio that already used the measure. The phasing-in plan duty extends to the extrapolation phasing-in.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.