The German Federal Financial Supervisory Authority has granted credit institutions until December 31, 2026, to apply its circular implementing European Banking Authority guidelines on proportionate diversification methods for retail exposures under Article 123(1) of the Capital Requirements Regulation. The transition period responds to technical difficulties that may prevent some institutions from immediately implementing the circular’s granularity criteria for preferential retail treatment. Institutions must continue to comply with the general requirements for retail exposures under Article 123(1) during the transition.