Art. 273b
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivatives and the simplified approach for calculating the own funds requirements for CVA risk
6 changes recorded across 6 events, newest first.
in force 2025-01-01 MODIFIED+435 −91§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The heading now also references the simplified approach for calculating the own funds requirements for CVA risk, in addition to the exposure value of derivatives.
Paragraphs 2 and 3 now refer to institutions in the plural and add that ceasing and resuming the simplified methods also covers calculating own funds requirements for CVA risk under Article 385, alongside the existing references to Section 4 or 5.
Cited: Art. 273b, v2 · Art. 273b, v1
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 273b
Non-compliance with the conditions for using simplified methods for calculating the exposure value of derivatives
and the simplified approach for calculating the own funds requirements for CVA risk
1. An institution that no longer meets one or more of the conditions set out in Article 273a(1) or (2) shall immediately notify the competent authority thereof.
2. An institution Institutions shall cease to calculate the exposure values of its their derivative positions in accordance with Section 4 or 5, 5 and to calculate the own funds requirements for CVA risk in accordance with Article 385, as applicable, within three months of the occurrence of one of the following occurring: following:
(a) the institution does not meet the conditions set out in point (a) of Article 273a(1) or (2), as applicable, or the conditions set out in point (b) of Article 273a(1) or (2), as applicable, for three consecutive months;
(b) the institution does not meet the conditions set out in point (a) of Article 273a(1) or (2), as applicable, or the conditions set out in point (b) of Article 273a(1) or (2), as applicable, for more than six of the preceding 12 months.
3. Where an institution has Institutions that have ceased to calculate the exposure values of its their derivative positions in accordance with Section 4 or 5, 5 and to calculate the own funds requirements for CVA risk in accordance with Article 385, as applicable, it shall only be permitted to resume calculating the exposure value of its their derivative positions as set out in Section 4 or 5 and the own funds requirements for CVA risk in accordance with Article 385 where it demonstrates they demonstrate to the competent authority that all of the conditions set out in Article 273a(1) or (2) (2), have been met for an uninterrupted period of one year.
in force 2024-07-09 MODIFIED§
Amended by Regulation (EU) 2024/1623 32024R1623
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 2023-06-28 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`.
text before / after, on the event page →
in force 2021-06-28 INSERTED§
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 (an inserted provision states its own application date only in prose)
This is a newly inserted article setting out obligations for an institution that no longer meets the conditions for using simplified methods to calculate the exposure value of derivatives, including a requirement to notify the competent authority immediately and to cease using the simplified calculation methods within three months under specified circumstances.
It also establishes that an institution which has ceased using the simplified methods may only resume doing so after demonstrating to the competent authority that all relevant conditions have been met continuously for one year.
Cited: Art. 273b, v2
text before / after, on the event page →
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`.
text before / after, on the event page →
in force 2019-06-27 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`.
text before / after, on the event page →