This note provides an overview of the CRD III Directive (2010/76/EU) (also referred to as CRD 3 or CRD3), a directive forming part of a sequence of major amendments of the Capital Requirements Directive (2006/48/EC and 2006/49/EC) (CRD) initiated by the European Commission. CRD III made significant changes to the remuneration structures and capital requirements of credit institutions and investment firms.

For information about the UK implementation of CRD III, see Practice note, UK implementation of CRD III.