Art. 12a
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
5 changes recorded across 5 events, newest first.
in force 2023-06-28 INSERTED±0§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
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text before / after
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in force 2022-11-14 MODIFIED§
Amended by Regulation (EU) 2022/2036 32022R2036
applies from: unchanged
The provision now also covers third-country entities that would be resolution entities if established in the Union, alongside resolution entities belonging to the same G-SII.
The calculation duty is restructured into two limbs, one for each resolution entity or such third-country entity individually and one for the EU parent institution treated as the sole resolution entity on a consolidated basis, replacing the earlier single consolidated calculation formulation.
The prior distinction between resolution authorities being required to act when the consolidated amount was lower and merely permitted to act when it was higher has been removed, with the text now simply stating that resolution authorities shall act in accordance with Article 45d(4) and Article 45h(2) of Directive 2014/59/EU.
Cited: Art. 12a, v2 · Art. 12a, v1
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in force 2021-09-30 MODIFIED§
Amended by Regulation (EU) 2021/424 32021R0424
applies from: unchanged
Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it and the amending act's instructions do not mention it. All are shown; none is overruled.
In both the second and third paragraphs, the cross-reference to Directive 2014/59/EU has changed from Article 45d(3) to Article 45d(4), while the reference to Article 45h(2) remains unchanged.
Cited: Art. 12a, v1 · Art. 12a, v2
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in force 2020-12-28 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
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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in force 2019-06-27 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown (an inserted provision states its own application date only in prose)
A new Article 12a is added, setting out a consolidated calculation of own funds and eligible liabilities for a G-SII that has more than one resolution entity, to be performed by the EU parent institution as if it were the sole resolution entity of the group.
The article also specifies that where this consolidated amount is lower than the sum of the corresponding amounts calculated for all resolution entities in the G-SII, resolution authorities shall act under Articles 45d(3) and 45h(2) of Directive 2014/59/EU, and where it is higher, they may act under those same provisions.
Cited: Art. 12a, v2
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