Art. 197
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
7 changes recorded across 7 events, newest first.
in force 2026-06-26 MODIFIED±0§
Amended by Regulation (EU) 2019/2033 32019R2033
applies from: unknown
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in force 2025-01-01 MODIFIED§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
Points (b) through (e) of paragraph 1 now require that the ECAI or export credit agency providing the credit assessment be one nominated by the institution for the purposes of Chapter 2, and each point sets this out as a two-part condition rather than the earlier single clause referring to an ECAI or export credit agency recognised as eligible for Chapter 2 purposes.
The credit quality step thresholds in points (b) to (e) now include step 1 and step 2 in addition to step 3 or 4 (for point (b)) or step 3 (for points (c) to (e)), whereas the earlier text referred only to credit quality step 4 or above, or step 3 or above.
Point (g) now refers to gold bullion instead of gold, and paragraph 6 has been rewritten to distinguish between institutions applying the look-through approach and those applying the mandate-based approach for direct exposures to a CIU, replacing the earlier single rule based on eligible assets held by the CIU.
Cited: Art. 197, v2 · Art. 197, v1
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in force 2024-07-09 MODIFIED§
Amended by Regulation (EU) 2024/1623 32024R1623
applies from: unknown
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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: unchanged
Point (c) of Article 197(1) now refers to debt securities issued by institutions or investment firms, whereas the earlier text referred only to debt securities issued by institutions.
Article 197(4) similarly now covers debt securities issued by other institutions or investment firms lacking an ECAI credit assessment, whereas the earlier text referred only to debt securities issued by other institutions.
Cited: Art. 197, v1 · Art. 197, v2
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in force 2019-12-25 MODIFIED§
Amended by Regulation (EU) 2019/2033 32019R2033
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 2019-01-01 MODIFIED§
Amended by Regulation (EU) 2017/2401 32017R2401 · Regulation (EU) 2019/876 32019R0876
applies from: unchanged
Point (h) of paragraph 1 no longer defines eligible securitisation positions by reference to an external credit assessment by an ECAI corresponding to credit quality step 3 or above under the securitisation risk-weighting approach in Chapter 5, Section 3, Sub-section 3.
Instead, the point now describes eligible securitisation positions as those that are not resecuritisation positions and that are subject to a 100% risk weight or lower in accordance with Articles 261 to 264.
Cited: Art. 197, v1 · Art. 197, v2
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detected 2026-08-13 MODIFIED§
no amending act named
applies from: unchanged
In paragraph 5(1)(b), the cross-reference for instruments the CIU is limited to investing in was changed from paragraphs 1 and 2 to paragraphs 1 and 4.
In paragraph 6, the second subparagraph's wording was tightened, changing the phrase referring to underlying CIUs having their own underlying CIUs and adding a closing period, without altering its substance.
Cited: Art. 197, v1 · Art. 197, v2
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