Article 31

Without prejudice to the legislative prerogatives of the European Parliament and the Council, by 29 December 2023, the Commission shall submit to the European Parliament and to the Council a report on: the adequacy of the regulatory framework regarding a potential introduction of caps on charges arising from the event of default applicable to credit agreements concluded with: natural persons for purposes related to the trade, business or profession of those natural persons; SMEs, as defined in Article 2 of the Annex to Recommendation 2003/361/EC; any borrower, provided that the credit is guaranteed by a natural person or is secured by assets or property belonging to that natural person; relevant aspects, including potential forbearance measures, of credit agreements concluded with: natural persons for purposes related to the trade, business or profession of those natural persons; SMEs, as defined in Article 2 of the Annex to Recommendation 2003/361/EC; any borrower, provided that the credit is guaranteed by a natural person or is secured by assets or property belonging to that natural person; the need for, and feasibility of, developing implementing or regulatory technical standards or other appropriate means to introduce common reporting formats for communications to borrowers under Article 10(2) and on forbearance measures. Where appropriate, the report referred to in the first paragraph shall be accompanied by a legislative proposal.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.