The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) published a statement on the qualification of banks and savings banks as Small and Non-Complex Institutions (SNCI) according to Article 4 (1) 145 of the Capital Requirements Regulation (CRR) and on the application to use the simplified net stable funding ratio (sNSFR) according to Article 428ai CRR. Institutions can now apply to use the sNSFR. In principle, an institution that fulfils the conditions of Article 4 (1) No. 145 CRR is to be classified as an SNCI. SNCIs can apply to BaFin for permission under Article 428ai CRR to comply with and report only the simplified NSFR instead of the full NSFR. The published statement sets out how to qualify as an SNCI, how to apply to use the sNSFR and what information must be provided.