emendrix

Capital Requirements Regulation

CRR · 32013R0575 · every event for this act · on EUR-Lex

Everything Regulation (EU) 2019/876 amended · also amended EMIR

in force 2020-12-28

02013R0575-20200627 → 02013R0575-20201228

Amended by Regulation (EU) 2019/876 32019R0876

Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.)

detected 2026-08-13

274 provisions touched — 274 substantive, 0 date-only, 269 disputed · 267 changes without an explanation

Emendrix checks every change against three independent sources. Where they disagree it says so rather than picking a winner.

MODIFIED ±0 Art. 1

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 4

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 6

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 8

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 10

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED +2,434 −542 Art. 11 General treatment

applies from: unchanged

Paragraph 1 now references Parts Two, Three, Four, Seven and Seven A instead of Parts Two to Four and Part Seven, and adds an exception for point (d) of Article 430(1).

Paragraph 2, which previously addressed institutions controlled by a parent financial holding company or mixed financial holding company and their consolidated obligations under Parts Two to Four and Part Seven, has been replaced with new wording extending the terms institution, parent institution in a Member State, EU parent institution and parent undertaking to certain financial holding companies, mixed financial holding companies and designated institutions or entities described in points (a), (b) and (c), together with rules on whose consolidated situation applies to the undertakings in points (b) and (c).

Paragraph 4, formerly concerned with the central body under Article 10, is now a new provision on EU parent institutions complying with Part Six and point (d) of Article 430(1) on a consolidated basis, including a liquidity sub-group rule, while the former paragraph 4 content on the central body now appears as paragraph 5 with an added reference to Chapter 2 of Regulation (EU) 2017/2402, and the former paragraph 5 on structurally separated institutions now appears as paragraph 6 with its obligation extended to Parts Two to Eight and its reference to "structurally separated institutions" changed to "an institution".

Cited: Art. 11, v2 · Art. 11, v1

text before / after

02013R0575-2020062702013R0575-20201228

Article 11 General treatment 1. Parent institutions in a Member State shall comply, to the extent and in the manner prescribed set out in Article 18, with the obligations laid down in Parts Two to Four Two, Three, Four, Seven and Part Seven A on the basis of their consolidated situation. situation, with the exception of point (d) of Article 430(1). The parent undertakings and their subsidiaries that are subject to this Regulation shall set up a proper organisational structure and appropriate internal control mechanisms in order to ensure that the data required for consolidation are duly processed and forwarded. In particular, they shall ensure that subsidiaries not subject to this Regulation implement arrangements, processes and mechanisms to ensure a proper consolidation. 2. Institutions For the purpose of ensuring that the requirements of this Regulation are applied on a consolidated basis, the terms institution, parent institution in a Member State, EU parent institution and parent undertaking, as the case may be, shall also refer to: (a) a financial holding company or mixed financial holding company approved in accordance with Article 21a of Directive 2013/36/EU; (b) a designated institution controlled by a parent financial holding company or a parent mixed financial holding company where such a parent is not subject to approval in accordance with Article 21a(4) of Directive 2013/36/EU; (c) a Member State financial holding company, mixed financial holding company or institution designated in accordance with point (d) of Article 21a(6) of Directive 2013/36/EU. The consolidated situation of an undertaking referred to in point (b) of the first subparagraph of this paragraph shall comply, to the extent and in the manner prescribed in Article 18, with the obligations laid down in Parts Two to Four and Part Seven on the basis of be the consolidated situation of that financial holding company or mixed financial holding company. Where more than one institution is controlled by a the parent financial holding company or by a the parent mixed financial holding company in a Member State, the first subparagraph shall apply only that is not subject to the institution to which supervision on a consolidated basis applies approval in accordance with Article 111 21a(4) of Directive 2013/36/EU. The consolidated situation of an undertaking referred to in point (c) of the first subparagraph of this paragraph shall be the consolidated situation of its parent financial holding company or parent mixed financial holding company. 3. EU parent institutions, institutions controlled by an EU parent financial holding company and institutions controlled by an EU parent mixed financial holding company shall comply with the obligations laid down in Part Six on the basis of the consolidated situation of that parent institution, financial holding company or mixed financial holding company, if the group comprises one or more credit institutions or investment firms that are authorised to provide the investment services and activities listed in points (3) and (6) of Section A of Annex I to Directive 2004/39/EC. Pending the report from the Commission in accordance with Article 508(2) of this Regulation, and if the group comprises only investment firms, competent authorities may exempt investment firms from compliance with the obligations laid down in Part Six on a consolidated basis, taking into account the nature, scale and complexity of the investment firm's activities. 3a. By way of derogation from paragraph 1 of this Article, only parent institutions identified as resolution entities that are G-SIIs, part of a G-SII or part of a non-EU G-SII shall comply with Article 92a of this Regulation on a consolidated basis, to the extent and in the manner set out in Article 18 of this Regulation. Only EU parent undertakings that are a material subsidiary of a non-EU G-SII and are not resolution entities shall comply with Article 92b of this Regulation on a consolidated basis to the extent and in the manner set out in Article 18 of this Regulation. Where Article 21b(2) of Directive 2013/36/EU applies, the two intermediate EU parent undertakings jointly identified as a material subsidiary shall each comply with Article 92b of this Regulation on the basis of their consolidated situation. 4. EU parent institutions shall comply with Part Six and point (d) of Article 430(1) of this Regulation on the basis of their consolidated situation where the group comprises one or more credit institutions or investment firms that are authorised to provide the investment services and activities listed in points (3) and (6) of Section A of Annex I to Directive 2014/65/EU. Pending the report from the Commission referred to in Article 508(2) of this Regulation, and where the group comprises only investment firms, competent authorities may exempt the EU parent institutions from compliance with Part Six and point (d) of Article 430(1) of this Regulation on a consolidated basis, taking into account the nature, scale and complexity of the investment firm's activities. Where a waiver has been granted under Article 8(1) to (5), the institutions and, where applicable, the financial holding companies or mixed financial holding companies that are part of a liquidity sub-group shall comply with Part Six and point (d) of Article 430(1) on a consolidated basis or on the sub-consolidated basis of the liquidity sub-group. 5. Where Article 10 is applied, of this Regulation applies, the central body referred to in that Article shall comply with the requirements of Parts Two to Eight of this Regulation and Chapter 2 of Regulation (EU) 2017/2402 on the basis of the consolidated situation of the whole as constituted by the central body together with its affiliated institutions. 5. 6. In addition to the requirements laid down in paragraphs 1 to 4, 5 of this Article, and without prejudice to other provisions of this Regulation and Directive 2013/36/EU, when it is justified for supervisory purposes by the specificities of the risk or of the capital structure of an institution or where Member States adopt national laws requiring the structural separation of activities within a banking group, competent authorities may require the structurally separated institutions an institution to comply with the obligations laid down in Parts Two to Four and Parts Six to Eight of this Regulation and in Title VII of Directive 2013/36/EU on a sub-consolidated basis. Applying The application of the approach set out in the first subparagraph shall be without prejudice to effective supervision on a consolidated basis and shall neither entail disproportionate adverse effects on the whole or parts of the financial system in other Member States or in the Union as a whole nor form or create an obstacle to the functioning of the internal market.

MODIFIED ±0 Art. 12

applies from: unknown

Sources disagree — the EU's own amendment metadata and the amending act's instructions found this change; the text comparison finds no difference in the provision's text. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 12a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 13

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 15

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 16

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED +2,325 −1,622 Art. 18 Methods of prudential consolidation

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2020-12-28 · dates removed: 2016-12-31

Paragraph 1 now names institutions, financial holding companies and mixed financial holding companies as the entities carrying out full consolidation, dropping the earlier reference to parent financial holding or mixed financial holding companies, and it exempts paragraphs 3 to 6 and 9 rather than paragraphs 2 to 8 when Part Six and point (d) of Article 430(1) apply.

The former proportional-consolidation option and its three conditions in old paragraph 2 are removed and replaced by a new paragraph 2 stating that ancillary services undertakings are included in consolidation under the methods laid down in the Article, with the cross-reference for related undertakings changed from Article 12(1) of Directive 83/349/EEC to Article 22(7) of Directive 2013/34/EU, and the equivalent reference in paragraph 6 changed to Article 22(7), (8) and (9) of Directive 2013/34/EU.

Former paragraph 7, which mandated draft regulatory technical standards by 31 December 2016, is replaced by new text on applying the equity method or an alternative method to subsidiaries or participations that are not institutions, financial institutions or ancillary services undertakings, subject to conditions including that the institution does not already apply the equity method on 28 December 2020, and a new paragraph 8 sets conditions under which competent authorities may require full or proportional consolidation of such undertakings, while the former paragraph 8 on ancillary services undertakings and asset management companies is removed and the regulatory-standards paragraph is renumbered as paragraph 9.

Cited: Art. 18, v1 · Art. 18, v2

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02013R0575-2020062702013R0575-20201228

Article 18 Methods of prudential consolidation 1. The institutions Institutions, financial holding companies and mixed financial holding companies that are required to comply with the requirements referred to in Section 1 of this Chapter on the basis of their consolidated situation shall carry out a full consolidation of all institutions and financial institutions that are its subsidiaries or, where relevant, the subsidiaries of the same parent financial holding company or parent mixed financial holding company. their subsidiaries. Paragraphs 2 3 to 8 6 and paragraph 9 of this Article shall not apply where Part Six applies and point (d) of Article 430(1) apply on the basis of the consolidated situation of an institution's consolidated situation. institution, financial holding company or mixed financial holding company or on the sub-consolidated situation of a liquidity sub-group as set out in Articles 8 and 10. For the purposes of Article 11(3a), institutions that are required to comply with the requirements referred to in Article 92a or 92b on a consolidated basis shall carry out a full consolidation of all institutions and financial institutions that are their subsidiaries in the relevant resolution groups. 2. However, the competent authorities may on a case-by-case basis permit proportional Ancillary services undertakings shall be included in consolidation according to the share of capital that the parent undertaking holds in the subsidiary. Proportional consolidation may only be permitted where all of cases, and in accordance with the following conditions are fulfilled: (a) the liability of the parent undertaking is limited to the share of capital that the parent undertaking holds methods, laid down in the subsidiary in view of the liability of the other shareholders or members; (b) the solvency of those other shareholders or members is satisfactory; (c) the liability of the other shareholders and members is clearly established in a legally binding way. this Article. 3. Where undertakings are linked by a relationship related within the meaning of Article 12(1) 22(7) of Directive 83/349/EEC, the 2013/34/EU, competent authorities shall determine how consolidation is to be carried out. 4. The consolidating supervisor shall require the proportional consolidation according to the share of capital held of participations in institutions and financial institutions managed by an undertaking included in the consolidation together with one or more undertakings not included in the consolidation, where the liability of those undertakings is limited to the share of the capital they hold. 5. In the case of participations or capital ties other than those referred to in paragraphs 1 and 4, the competent authorities shall determine whether and how consolidation is to be carried out. In particular, they may permit or require the use of the equity method. That method shall not, however, constitute inclusion of the undertakings concerned in supervision on a consolidated basis. 6. The competent Competent authorities shall determine whether and how consolidation is to be carried out in the following cases: (a) where, in the opinion of the competent authorities, an institution exercises a significant influence over one or more institutions or financial institutions, but without holding a participation or other capital ties in these those institutions; and (b) where two or more institutions or financial institutions are placed under single management other than pursuant to a contract or contract, clauses of their memoranda or articles of association. In particular, the competent authorities may permit, permit or require the use of, of the method provided for in Article 12 22(7), (8) and (9) of Directive 83/349/EEC. 2013/34/EU. That method shall not, however, constitute inclusion of the undertakings concerned in consolidated supervision. 7. EBA Where an institution has a subsidiary which is an undertaking other than an institution, a financial institution or an ancillary services undertaking or holds a participation in such an undertaking, it shall develop draft regulatory technical standards apply to specify conditions according that subsidiary or participation the equity method. That method shall not, however, constitute inclusion of the undertakings concerned in supervision on a consolidated basis. By way of derogation from the first subparagraph, competent authorities may allow or require institutions to which consolidation shall apply a different method to such subsidiaries or participations, including the method required by the applicable accounting framework, provided that: (a) the institution does not already apply the equity method on 28 December 2020; (b) it would be carried out in unduly burdensome to apply the cases referred to in paragraphs 2 to 6 of this Article. EBA shall submit those draft regulatory technical standards to equity method or the Commission by 31 December 2016. Power is delegated to equity method does not adequately reflect the Commission to adopt risks that the regulatory technical standards undertaking referred to in the first subparagraph poses to the institution; and (c) the method applied does not result in full or proportional consolidation of that undertaking. 8. Competent authorities may require full or proportional consolidation of a subsidiary or an undertaking in which an institution holds a participation where that subsidiary or undertaking is not an institution, financial institution or ancillary services undertaking and where all the following conditions are met: (a) the undertaking is not an insurance undertaking, a third-country insurance undertaking, a reinsurance undertaking, a third-country reinsurance undertaking, an insurance holding company or an undertaking excluded from the scope of Directive 2009/138/EC in accordance with Articles 10 Article 4 of that Directive; (b) there is a substantial risk that the institution decides to 14 of Regulation (EU) No 1093/2010. 8. Where consolidated supervision is required pursuant provide financial support to Article 111 of Directive 2013/36/EU, ancillary services undertakings and asset management companies as defined that undertaking in point (5) of Article 2 of Directive 2002/87/EC shall be included in consolidations stressed conditions, in the cases, and absence of, or in accordance with the methods, laid down in this Article. excess of any contractual obligations to provide such support. 9. EBA shall develop draft regulatory technical standards to specify conditions in accordance with which consolidation shall be carried out in the cases referred to in paragraphs 3 to 6 and paragraph 8. EBA shall submit those draft regulatory technical standards to the Commission by 31 December 2020. Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.

MODIFIED ±0 Art. 22

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 26

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 28

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 33

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 36

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 37

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 39

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 45

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 49

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 52

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 54

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 59

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 62

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 63

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 64

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 66

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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MODIFIED ±0 Art. 69

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72c

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72d

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72e

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72f

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Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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INSERTED ±0 Art. 72g

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 72h

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 72i

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 72j

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 72k

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 72l

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 73

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 75

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 76

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 77

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 78

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 78a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 79

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 79a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 80

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 81

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 82

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 83

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 88a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 92

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 92a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 92b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 94

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 102

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 103

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 104

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 104a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 104b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 105

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 106

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 107

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 117

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 118

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 123

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED +3,607 −1,253 Art. 124 Exposures secured by mortgages on immovable property

applies from: unchanged

The provision now names the authority designated under a new paragraph 1a, rather than the competent authority generally, as the body responsible for periodically assessing and adjusting the 35% and 50% risk weights referred to in Articles 125 and 126, and it adds detailed rules on designation, coordination and information-sharing between that authority and the competent authority.

The data source for the assessment is changed from Article 101 to Article 430a, the notification and opinion process now runs through EBA and the ESRB with a one-month response period, and the risk-weight ranges (35%-150% for residential and 50%-150% for commercial) are restated as a defined list rather than descriptive text.

A new paragraph 6 is added requiring institutions of one Member State to apply the risk weights and criteria set by another Member State's authority to their corresponding exposures located there, a provision absent from the earlier text.

Cited: Art. 124, v2 · Art. 124, v1

text before / after

02013R0575-2020062702013R0575-20201228

Article 124 Exposures secured by mortgages on immovable property 1. An exposure or any part of an exposure fully secured by mortgage on immovable property shall be assigned a risk weight of 100 %, where the conditions under set out in Article 125 or 126 are not met, except for any part of the exposure which is assigned to another exposure class. The part of the exposure that exceeds the mortgage value of the immovable property shall be assigned the risk weight applicable to the unsecured exposures of the counterparty involved. The part of an exposure that is treated as fully secured by immovable property shall not be higher greater than the pledged amount of the market value or in those Member States that have laid down rigorous criteria for the assessment of the mortgage lending value in statutory or regulatory provisions, the mortgage lending value of the immovable property in question. 1a. Member States shall designate an authority to be responsible for the application of paragraph 2. That authority shall be the competent authority or the designated authority. Where the authority designated by the Member State for the application of this Article is the competent authority, it shall ensure that the relevant national bodies and authorities which have a macroprudential mandate are duly informed of the competent authority's intention to make use of this Article, and are appropriately involved in the assessment of financial stability concerns in its Member State in accordance with paragraph 2. Where the authority designated by the Member State for the application of this Article is different from the competent authority, the Member State shall adopt the necessary provisions to ensure proper coordination and exchange of information between the competent authority and the designated authority for the proper application of this Article. In particular, authorities shall be required to cooperate closely and to share all the information that may be necessary for the adequate performance of the duties imposed upon the designated authority pursuant to this Article. That cooperation shall aim at avoiding any form of duplicative or inconsistent action between the competent authority and the designated authority, as well as ensuring that the interaction with other measures, in particular measures taken under Article 458 of this Regulation and Article 133 of Directive 2013/36/EU, is duly taken into account. 2. Based on the data collected under Article 101, 430a and on any other relevant indicators, the competent authorities authority designated in accordance with paragraph 1a of this Article shall periodically, and at least annually, assess whether the risk-weight risk weight of 35 % for exposures to one or more property segments secured by mortgages on residential property referred to in Article 125 located in one or more parts of the territory of the Member State of the relevant authority and the risk weight of 50 % for exposures secured by mortgages on commercial immovable property referred to in Article 126 located in their one or more parts of the territory of the Member State of the relevant authority are appropriately based on: (a) the loss experience of exposures secured by immovable property; (b) forward-looking immovable property markets developments; Competent authorities may set a higher risk weight or stricter criteria than those set out in Article 125(2) and Article 126(2), where appropriate, developments. Where, on the basis of financial stability considerations. For exposures secured by mortgages on residential property, the competent authority shall set the risk weight at a percentage from 35 % through 150 %, For exposures secured on commercial immovable property, the competent authority shall set the risk weight at a percentage from 50 % through 150 %, Within these ranges, the higher risk weight shall be set based on loss experience and taking into account forward-looking markets developments and financial stability considerations. Where the assessment demonstrates referred to in the first subparagraph of this paragraph, the authority designated in accordance with paragraph 1a of this Article concludes that the risk weights set out in Article 125(2) and Article or 126(2) do not adequately reflect the actual risks related to exposures to one or more property segments of such exposures, fully secured by mortgages on residential property or on commercial immovable property located in one or more parts of the territory of the Member State of the relevant authority, and if it considers that the inadequacy of the risk weights could adversely affect current or future financial stability in its territory, Member State, it may increase the competent authorities risk weights applicable to those exposures within the ranges determined in the fourth subparagraph of this paragraph or impose stricter criteria than those set out in Article 125(2) or 126(2). The authority designated in accordance with paragraph 1a of this Article shall set, for those property segments notify EBA and the ESRB of exposures, a higher risk weight corresponding to the actual risks. The competent authorities shall consult EBA on the any adjustments to the risk weights and criteria applied, which will be calculated in accordance with applied pursuant to this paragraph. Within one month of receipt of that notification, EBA and the criteria set out in this paragraph as specified by ESRB shall provide their opinion to the regulatory technical standards referred to in paragraph 4 of this Article. Member State concerned. EBA and the ESRB shall publish the risk weights and criteria that the competent authorities set for exposures referred to in Articles 125, 126 and 199(1)(a). point (a) of Article 199(1) as implemented by the relevant authority. For the purposes of the second subparagraph of this paragraph, the authority designated in accordance with paragraph 1a may set the risk weights within the following ranges: (a) 35 % to 150 % for exposures secured by mortgages on residential property; (b) 50 % to 150 % for exposures secured by mortgages on commercial immovable property. 3. When competent authorities set a Where the authority designated in accordance with paragraph 1a sets higher risk weight weights or stricter criteria, criteria pursuant to the second subparagraph of paragraph 2, institutions shall have a 6-month six-month transitional period to apply the new risk weight. them. 4. EBA, in close cooperation with the ESRB, shall develop draft regulatory technical standards to specify the rigorous criteria for the assessment of the mortgage lending value referred to in paragraph 1 and the types of factors to be considered for the assessment of the appropriateness of the risk weights referred in the first subparagraph of paragraph 2. EBA shall submit those draft regulatory technical standards to the Commission by 31 December 2019. Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010. 5. The ESRB may, by means of recommendations in accordance with Article 16 of Regulation (EU) No 1092/2010, and in close cooperation with EBA, give guidance to authorities designated in accordance with paragraph 1a of this Article on the following: (a) factors which could adversely affect current or future financial stability referred to in the second subparagraph of paragraph 2; and (b) indicative benchmarks that the authority designated in accordance with paragraph 1a is to take into account when determining higher risk weights.6. The institutions of a Member State shall apply the risk weights and criteria that have been determined by the authorities of another Member State in accordance with paragraph 2 to all their corresponding exposures secured by mortgages on residential property or commercial immovable property located in one or more parts of that Member State.

MODIFIED ±0 Art. 128

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 132

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 132a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 132b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 132c

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 144

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 152

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 158

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED +3,131 −1,050 Art. 164 Loss Given Default (LGD)

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates removed: 2014-12-31

Paragraph 5 no longer restates the competent-authorities' periodic assessment duty; instead it now requires each Member State to designate an authority responsible for applying paragraph 6, sets out that this authority is either the competent authority or a designated authority, and adds coordination and information-sharing requirements between them, including cooperation with macroprudential bodies and coordination with measures under Article 458 of the Regulation and Article 133 of Directive 2013/36/EU.

The periodic assessment and higher-minimum-LGD-setting process, previously in paragraphs 5 and 6, is now placed in paragraph 6 and refers to data collected under Article 430a instead of Article 101, to mortgages on residential or commercial immovable property located in one or more parts of a Member State's territory instead of property located in the competent authority's territory generally, and adds a requirement to notify EBA and the ESRB before the decision, with those bodies given one month to provide an opinion.

A new paragraph 7 introduces a six-month transitional period for institutions to apply higher minimum LGD values set under paragraph 6, the former regulatory-technical-standards mandate with a 31 December 2014 submission deadline has been removed, and the cross-border application rule, now paragraph 10 instead of paragraph 7, refers to values determined under paragraph 6 and to exposures located in one or more parts of another Member State rather than to that Member State as a whole.

Cited: Art. 164, v2 · Art. 164, v1

text before / after

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Article 164 Loss Given Default (LGD) 1. Institutions shall provide own estimates of LGDs subject to the requirements as specified in Section 6 of this Chapter and permission of the competent authorities granted in accordance with Article 143. For dilution risk of purchased receivables, an LGD value of 75 % shall be used. If an institution can decompose its EL estimates for dilution risk of purchased receivables into PDs and LGDs in a reliable manner, the institution may use its own LGD estimate. 2. Unfunded credit protection may be recognised as eligible by adjusting PD or LGD estimates subject to requirements as specified in Article 183(1), (2) and (3) and the permission of the competent authorities either in support of an individual exposure or a pool of exposures. An institution shall not assign guaranteed exposures an adjusted PD or LGD such that the adjusted risk weight would be lower than that of a comparable, direct exposure to the guarantor. 3. For the purposes of Article 154(2), the LGD of a comparable direct exposure to the protection provider referred to in Article 153(3) shall either be the LGD associated with an unhedged facility to the guarantor or the unhedged facility of the obligor, depending upon whether, in the event both the guarantor and obligor default during the life of the hedged transaction, available evidence and the structure of the guarantee indicate that the amount recovered would depend on the financial condition of the guarantor or obligor, respectively. 4. The exposure weighted exposure-weighted average LGD for all retail exposures secured by residential property and not benefiting from guarantees from central governments shall not be lower than 10 %. The exposure weighted exposure-weighted average LGD for all retail exposures secured by commercial immovable property and not benefiting from guarantees from central governments shall not be lower than 15 %. 5. Member States shall designate an authority to be responsible for the application of paragraph 6. That authority shall be the competent authority or the designated authority. Where the authority designated by the Member State for the application of this Article is the competent authority, it shall ensure that the relevant national bodies and authorities which have a macroprudential mandate are duly informed of the competent authority's intention to make use of this Article, and are appropriately involved in the assessment of financial stability concerns in its Member State in accordance with paragraph 6. Where the authority designated by the Member State for the application of this Article is different from the competent authority, the Member State shall adopt the necessary provisions to ensure proper coordination and exchange of information between the competent authority and the designated authority for the proper application of this Article. In particular, authorities shall be required to cooperate closely and to share all the information that may be necessary for the adequate performance of the duties imposed upon the designated authority pursuant to this Article. That cooperation shall aim at avoiding any form of duplicative or inconsistent action between the competent authority and the designated authority, as well as ensuring that the interaction with other measures, in particular measures taken under Article 458 of this Regulation and Article 133 of Directive 2013/36/EU, is duly taken into account. 6. Based on the data collected under Article 101 430a and on any other relevant indicators, and taking into account forward-looking immovable property market developments and any other relevant indicators, the competent authorities authority designated in accordance with paragraph 5 of this Article shall periodically, and at least annually, assess whether the minimum LGD values referred to in paragraph 4 of this Article Article, are appropriate for exposures secured by mortgages on residential property or commercial immovable property located in their territory. Competent authorities may, where appropriate one or more parts of the territory of the Member State of the relevant authority. Where, on the basis of financial stability considerations, set higher minimum values of exposure weighted average LGD for exposures secured by immovable property in their territory. Competent authorities shall notify EBA of any changes to the minimum LGD values that they make in accordance with the first subparagraph and EBA shall publish these LGD values. 6. EBA shall develop draft regulatory technical standards to specify the conditions that competent authorities shall take into account when determining higher minimum LGD values. EBA shall submit those draft regulatory technical standards to the Commission by 31 December 2014. Power is delegated to the Commission to adopt the regulatory technical standards assessment referred to in the first subparagraph of this paragraph, the authority designated in accordance with Articles 10 paragraph 5 concludes that the minimum LGD values referred to 14 in paragraph 4 are not adequate, and if it considers that the inadequacy of Regulation (EU) No 1093/2010. 7. The institutions of one LGD values could adversely affect current or future financial stability in its Member State shall apply the State, it may set higher minimum LGD values that have been determined by for those exposures located in one or more parts of the competent authorities territory of another the Member State of the relevant authority. Those higher minimum values may also be applied at the level of one or more property segments of such exposures. The authority designated in accordance with paragraph 5 shall notify EBA and the ESRB before making the decision referred to exposures secured by immovable property located in this paragraph. Within one month of receipt of that notification EBA and the ESRB shall provide their opinion to the Member State. State concerned. EBA and the ESRB shall publish those LGD values. 7. Where the authority designated in accordance with paragraph 5 sets higher minimum LGD values pursuant to paragraph 6, institutions shall have a six-month transitional period to apply them. 8. EBA, in close cooperation with the ESRB, shall develop draft regulatory technical standards to specify the conditions that the authority designated in accordance with paragraph 5 shall take into account when assessing the appropriateness of LGD values as part of the assessment referred to in paragraph 6. EBA shall submit those draft regulatory technical standards to the Commission by 31 December 2019. Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010. 9. The ESRB may, by means of recommendations in accordance with Article 16 of Regulation (EU) No 1092/2010, and in close cooperation with EBA, give guidance to authorities designated in accordance with paragraph 5 of this Article on the following: (a) factors which could adversely affect current or future financial stability referred to in paragraph 6; and (b) indicative benchmarks that the authority designated in accordance with paragraph 5 is to take into account when determining higher minimum LGD values.10. The institutions of a Member State shall apply the higher minimum LGD values that have been determined by the authorities of another Member State in accordance with paragraph 6 to all their corresponding exposures secured by mortgages on residential property or commercial immovable property located in one or more parts of that Member State.

MODIFIED ±0 Art. 201

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 204a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 223

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 272

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 273

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 273a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 273b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 283

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 298

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 299

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 300

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 301

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 302

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 303

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 304

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 305

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 306

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 307

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 308

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 309

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 316

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325aa

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ab

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ac

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ad

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ae

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325af

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ag

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ah

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ai

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325aj

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ak

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325al

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325an

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ao

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ap

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325aq

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ar

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325as

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325at

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325au

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325av

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325aw

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ax

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ay

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325az

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325ba

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bb

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bc

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bd

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325be

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bf

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bg

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bh

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bi

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bj

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bk

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bl

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bm

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bn

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bo

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325bp

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325c

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325d

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325e

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325f

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325g

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325h

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325i

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325j

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325k

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325l

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325m

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325n

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325o

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325p

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325q

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325r

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325s

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325t

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325u

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325v

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325w

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325x

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325y

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 325z

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 384

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 385

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 390

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 391

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 392

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 394

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 395

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 396

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 397

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 399

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 400

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 401

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 402

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 403

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 411

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 412

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 413

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 415

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 416

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 419

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 422

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 423

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 424

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 425

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428aa

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ab

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ac

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ad

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ae

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428af

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ag

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ah

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ai

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428aj

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ak

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428al

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428am

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428an

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ao

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ap

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428aq

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ar

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428as

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428at

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428au

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428av

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428aw

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ax

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428ay

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428az

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428c

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428d

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428e

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428f

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428g

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428h

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428i

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428j

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428k

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428l

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428m

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428n

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428o

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428p

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428q

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428r

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428s

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428t

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428u

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428v

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428w

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428x

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428y

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 428z

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 430

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 430a

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 430b

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

INSERTED ±0 Art. 430c

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 456

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED ±0 Art. 457

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

text before / after

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

MODIFIED +1,201 −974 Art. 458 Macroprudential or systemic risk identified at the level of a Member State

applies from: unchanged

The notification procedure in paragraph 2 changes so that the designated authority now notifies the Commission and the ESRB, with the ESRB forwarding the notification to the European Parliament, the Council and EBA, rather than the authority notifying all those bodies directly, and the standard for using stricter national measures is reworded from measures that 'would better be addressed' to risks that cannot be addressed as effectively by other macroprudential tools.

The list of required justifications and draft measures in points (a) to (f) is reordered and reworded, dropping the reference to Articles 101, 103, 104 and 105 of Directive 2013/36/EU from the adequacy justification and adding real economy impact and reordering the disclosure and buffer sub-points under point (d).

The Council's rejection conditions in paragraph 4 are reduced from five to four criteria, dropping the separate criterion on risks already addressed by other measures, and paragraphs 5, 9 and 10 are adjusted so that recognition extends to institutions with exposures (not just branches), extensions can run up to two additional years with review at least every two years, and paragraph 10's cross-references are updated to points (d)(iv) and (d)(vii).

Cited: Art. 458, v1 · Art. 458, v2

text before / after

02013R0575-2020062702013R0575-20201228

Article 458 Macroprudential or systemic risk identified at the level of a Member State 1. Member States shall designate the authority in charge of the application of this Article. This authority shall be the competent authority or the designated authority. 2. Where the authority determined designated in accordance with paragraph 1 of this Article identifies changes in the intensity of macroprudential or systemic risk in the financial system with the potential to have serious negative consequences to the financial system and the real economy in a specific Member State and which that authority considers would better that cannot be addressed by means of other macroprudential tools set out in this Regulation and in Directive 2013/36/EU as effectively as by implementing stricter national measures, it shall notify the Commission and the ESRB accordingly. The ESRB shall forward the notification to the European Parliament, to the Council, Council and to EBA without delay. The notification shall be accompanied by the Commission, the ESRB following documents and EBA of that fact and submit include, where appropriate, relevant quantitative or qualitative evidence of all of the following: on: (a) the changes in the intensity of macroprudential or systemic risk; (b) the reasons why such changes could pose a threat to financial stability at national level; level or to the real economy; (c) a justification of an explanation as to why the authority considers that the macroprudential tools set out in Articles 124 and 164 of this Regulation and Articles 101, 103, 104, 105, 133, 133 and 136 of Directive 2013/36/EU cannot adequately address would be less suitable and effective to deal with those risks than the macroprudential or systemic risk identified, taking into account draft national measures referred to in point (d) of this paragraph; (d) the relative effectiveness of those measures; (d) draft national measures for domestically authorised institutions, or a subset of those institutions, intended to mitigate the changes in the intensity of risk and concerning: (i) the level of own funds laid down in Article 92; (ii) the requirements for large exposures laid down in Article 392 and Article Articles 395 to 403; (iii) liquidity requirements laid down in Part Six; (iv) risk weights for targeting asset bubbles in the residential property and commercial immovable property sector; (v) the public disclosure requirements laid down in Articles 431 to 455; (iv) Part Eight; (vi) the level of the capital conservation buffer laid down in Article 129 of Directive 2013/36/EU; (v) liquidity requirements laid down in Part Six; (vi) risk weights for targeting asset bubbles in the residential property and commercial immovable property sector; or (vii) intra financial intra-financial sector exposures; (e) an explanation as to why the draft measures are deemed considered by the authority determined designated in accordance with paragraph 1 to be suitable, effective and proportionate to address the situation; and (f) an assessment of the likely positive or negative impact of the draft measures on the internal market based on information which is available to the Member State concerned. 3. When authorised to apply national measures in accordance with this Article, the authorities determined in accordance with paragraph 1 shall provide relevant competent authorities or designated authorities in other Member States with all relevant information. 4. The power to adopt an implementing act to reject the draft national measures referred to in point (d) of paragraph 2 is conferred on the Council, acting by qualified majority, on a proposal from the Commission. Within one month of receiving receipt of the notification referred to in paragraph 2, the ESRB and EBA shall provide their opinions on the matters referred to in points mentioned in (a) to (f) of that paragraph to the Council, to the Commission and to the Member State concerned. Taking utmost account of the opinions referred to in the second subparagraph and if there is robust, strong and detailed evidence that the measure will have a negative impact on the internal market that outweighs the financial stability benefits resulting in a reduction of the macroprudential or systemic risk identified, the Commission may, within one month, propose to the Council an implementing act to reject the draft national measures. In the absence of a Commission proposal within that period of one month, the Member State concerned may immediately adopt the draft national measures for a period of up to two years or until the macroprudential or systemic risk ceases to exist if that occurs sooner. The Council shall decide on the proposal by the Commission within one month after receipt of the proposal and state its reasons for rejecting or not rejecting the draft national measures. The Council shall only reject the draft national measures if it considers that one or more of the following conditions are not complied with: met: (a) the changes in the intensity of macroprudential or systemic risk are of such nature as to pose risk to financial stability at national level; (b) Articles 124 and 164 of the macroprudential tools set out in this Regulation and Articles 101, 103, 104, 105, 133, and 136 of in Directive 2013/36/EU cannot adequately address are less suitable or effective than the draft national measures to deal with the macroprudential or systemic risk identified, taking into account the relative effectiveness of those measures; identified; (c) the draft national measures are more suitable to address the identified macroprudential or systemic risk and do not entail disproportionate adverse effects on the whole or parts of the financial system in other Member States or in the Union as a whole, thus forming or creating an obstacle to the functioning of the internal market; and (d) the issue concerns only one Member State; and (e) the risks have not already been addressed by other measures in this Regulation or in Directive 2013/36/EU. State. The assessment of the Council shall take into account the opinion of the ESRB and EBA and shall be based on the evidence presented in accordance with paragraph 2 by the authority determined designated in accordance with paragraph 1. In the absence of a Council implementing act to reject the draft national measures within one month after of receipt of the proposal by the Commission, the Member State concerned may adopt the measures and apply them for a period of up to two years or until the macroprudential or systemic risk ceases to exist if that occurs sooner. 5. Other Member States may recognise the measures set adopted in accordance with this Article and apply them to domestically authorised institutions, which have branches or have exposures located in the Member State authorised to apply the measures. measure. 6. Where Member States recognise the measures set in accordance with this Article, they shall notify the Council, the Commission, EBA, the ESRB and the Member State authorised to apply the measures. 7. When deciding whether to recognise the measures set in accordance with this Article, the Member State shall take into consideration the criteria set in paragraph 4. 8. The Member State authorised to apply the measures may ask the ESRB to issue a recommendation as referred to in Article 16 of Regulation (EU) No 1092/2010 to one or more Member States which do not recognise the measures. 9. Before the expiry of the authorisation issued in accordance with paragraph 4, the Member State concerned shall, in consultation with the ESRB and EBA, review the situation and may adopt, in accordance with the procedure referred to in paragraph 4, a new decision for the extension of the period of application of national measures for one up to two additional year years each time. After the first extension, the Commission shall in consultation with the ESRB and EBA review the situation at least annually. every two years thereafter. 10. Notwithstanding the procedure as set out in paragraphs 3 to 9, 9 of this Article, Member States shall be allowed to increase the risk weights beyond those provided for in this Regulation by up to 25 %, for those exposures identified in points (vi) (d)(iv) and (vii) (d)(vii) of paragraph 2(d) 2 of this Article and tighten the large exposure limit provided for in Article 395 by up to 15 % for a period of up to two years or until the macroprudential or systemic risk ceases to exist if that occurs sooner, provided that the conditions and notification requirements laid down in paragraph 2 of this Article are met.

MODIFIED ±0 Art. 460

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INSERTED ±0 Art. 461a

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MODIFIED ±0 Art. 462

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MODIFIED ±0 Art. 471

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MODIFIED +446 −288 Art. 493 Transitional provisions for large exposures

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2004-04-21, 2021-06-26 · dates removed: 1993-05-10

Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

Paragraph 1 now sets a fixed end date of 26 June 2021 for the exemption from Articles 387 to 403, replacing the earlier wording that tied the exemption's expiry to 31 December 2020 or an amendment under paragraph 2, whichever came first.

The reference to financial instruments in Section C of Annex I has been expanded to include point (11) alongside points (5) to (10), and the instrument list is now tied to Directive 2014/65/EU instead of Directive 2004/39/EC.

The reference to the prior directive not applying on 31 December 2006 now names Directive 2004/39/EC itself, with its own citation details, in place of the earlier reference to Council Directive 93/22/EEC of 10 May 1993.

Cited: Art. 493, v1 · Art. 493, v2

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02013R0575-2020062702013R0575-20201228

Article 493 Transitional provisions for large exposures 1. The Until 26 June 2021, the provisions on large exposures as laid down in Articles 387 to 403 of this Regulation shall not apply to investment firms whose firms, the main business of which consists exclusively of the provision of investment services or activities in relation to the financial instruments set out in points 5, 6, 7, 9 (5), (6), (7), (9), (10) and 10 (11) of Section C of Annex I to Directive 2004/39/EC 2014/65/EU and to whom which Directive 2004/39/EC of the European Parliament and of the CouncilDirective 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC of 10 May 1993 on investment services in the securities fieldOJ (OJ L 141, 11.6.1993, 145, 30.4.2004, p. 27. 1). did not apply on 31 December 2006. This exemption is available until 31 December 2020 or the date of entry into force of any amendments pursuant to paragraph 2 of this Article, whichever is the earlier. 2. By 31 December 2015, the Commission shall, on the basis of public consultations and in the light of discussions with the competent authorities, report to the European Parliament and the Council on: (a) an appropriate regime for the prudential supervision … 1,123 unchanged words … to in paragraph 5 of this Article incurred before 12 December 2017 to which a risk weight of 0 % was assigned on 31 December 2017 in accordance with Article 495(2) shall be exempted from the application of Article 395(1).

MODIFIED ±0 Art. 494

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INSERTED ±0 Art. 494a

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INSERTED ±0 Art. 494b

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MODIFIED ±0 Art. 497

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MODIFIED +71 −1,231 Art. 498 Exemption for Commodities dealers

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2021-06-26 · dates removed: 2015-12-31, 2020-12-31

Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

The provision now sets a single exemption end date of 26 June 2021, replacing the earlier structure that ran until 31 December 2020 or an earlier amendment date and that included separate reporting deadlines and Commission review obligations under paragraphs 2 and 3.

The list of exempted financial instruments now references points (5), (6), (7), (9), (10) and (11) of Section C of Annex I to Directive 2014/65/EU, adding point (11) and switching the referenced directive from Directive 2004/39/EC, while the cross-reference to the pre-2007 non-application of a directive now points to Directive 2004/39/EC instead of Directive 93/22/EEC.

The paragraphs describing the Commission's reporting duty by 31 December 2015 and its ability to submit amendment proposals have been removed entirely.

Cited: Art. 498, v1 · Art. 498, v2

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before (02013R0575-20200627)

Article 498
Exemption for Commodities dealers
1. The provisions on own funds requirements as set out in this Regulation shall not apply to investment firms the main business of which consists exclusively of the provision of investment services or activities in relation to the financial instruments set out in points 5, 6, 7, 9 and 10 of Section C of Annex I to Directive 2004/39/EC and to which Directive 93/22/EEC did not apply on 31 December 2006.
This exemption shall apply until 31 December 2020 or the date of entry into force of any amendments pursuant to paragraphs 2 and 3, whichever is the earlier.
2. By 31 December 2015, the Commission shall, on the basis of public consultations and in the light of discussions with the competent authorities, report to the European Parliament and the Council on:
(a) an appropriate regime for the prudential supervision of investment firms whose main business consists exclusively of the provision of investment services or activities in relation to the commodity derivatives or derivatives contracts set out in points 5, 6, 7, 9 and 10 of Section C of Annex I to Directive 2004/39/EC;
(b) the desirability of amending Directive 2004/39/EC to create a further category of investment firm whose main business consists exclusively of the provision of investment services or activities in relation to the financial instruments set out in points 5, 6, 7, 9 and 10 of Section C of Annex I to Directive 2004/39/EC relating to energy supplies, including electricity, coal, gas and oil.
3. On the basis of the report referred to in paragraph 2, the Commission may submit proposals to amend this Regulation.

after (02013R0575-20201228)

Article 498
Exemption for Commodities dealers
Until 26 June 2021, the provisions on own funds requirements as set out in this Regulation shall not apply to investment firms the main business of which consists exclusively of the provision of investment services or activities in relation to the financial instruments set out in points (5), (6), (7), (9), (10) and (11) of Section C of Annex I to Directive 2014/65/EU and to which Directive 2004/39/EC did not apply on 31 December 2006.

MODIFIED ±0 Art. 499

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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MODIFIED ±0 Art. 500

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Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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INSERTED ±0 Art. 501a

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INSERTED ±0 Art. 501b

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INSERTED ±0 Art. 501c

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INSERTED ±0 Art. 504a

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Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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MODIFIED ±0 Art. 507

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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MODIFIED ±0 Art. 510

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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MODIFIED ±0 Art. 511

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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MODIFIED ±0 Art. 513

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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MODIFIED ±0 Art. 514

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Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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INSERTED ±0 Art. 518a

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Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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INSERTED ±0 Art. 519b

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INSERTED ±0 Art. 519c

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MODIFIED ±0 Title

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MODIFIED ±0 Section 3

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The full entry, with the citation mapping v1 = 02013R0575-20200627, v2 = 02013R0575-20201228, is committed at eu/32013R0575/CHANGELOG.md.