Art. 132

in force 2023-06-28 MODIFIED±0§

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.

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in force 2021-06-28 MODIFIED§

Amended by Regulation (EU) 2019/2033 32019R2033 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/558 32021R0558 · Regulation (EU) 2020/873 32020R0873

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

dates removed: 2014-01-01, 2015-01-01

The provision's heading changes from referring to exposures in the form of units or shares in CIUs to own funds requirements for such exposures, and the substantive text is rewritten to calculate a risk-weighted exposure amount by multiplying the CIU's risk-weighted exposure amount by the percentage of units or shares held, rather than assigning a fixed 100% risk weight or a credit-assessment-based weight from a table.

The eligibility criteria for using look-through or averaging approaches are replaced with references to a look-through approach and a mandate-based approach under a new Article 132a, the fall-back approach now applies a 1250% risk weight instead of the earlier 100% default, and the list of qualifying CIU types is expanded to specifically identify UCITS and various categories of EU and non-EU AIFs and AIFMs.

New provisions are added covering reliance on third-party calculations with a 1.2 multiplier and an exception where the institution has unrestricted access to the third party's detailed calculations, treatment of multi-level CIU structures, a cap on the look-through and mandate-based amounts by the fall-back amount, and a derogation allowing use of historical cost valuation combined with a formula-based risk weight, none of which appeared in the earlier text, while the earlier provision's third-country equivalence decision mechanism and its 1 January 2014 and 1 January 2015 dates are no longer present.

Cited: Art. 132, v1 · Art. 132, v2

text before / after, on the event page →

in force 2020-12-28 MODIFIED§

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`.

text before / after, on the event page →

in force 2019-06-27 MODIFIED§

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`.

text before / after, on the event page →

detected 2026-08-13 MODIFIED§

no amending act named

applies from: unchanged

In paragraph 2, the phrase describing how the risk weight is assigned changed from stating it is assigned a risk weight 'according to Table 8' to stating it is assigned a risk weight 'in accordance with Table 8'.

Cited: Art. 132, v1 · Art. 132, v2

text before / after, on the event page →