Art. 305
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 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.
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.
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
Paragraph 1 now describes the calculation obligation as applying to an institution that is a client rather than framing it as something the institution does where it is a client, and it adds a cross-reference to Section 4 of Chapter 4 of the Title alongside the existing references to Sections 1 to 8 and Title VI.
Point (c) of paragraph 2 no longer requires an independent written legal opinion concluding the client would bear no losses on insolvency, and instead requires a sufficiently thorough, kept-up-to-date legal review substantiating that the arrangements ensuring the transfer condition in point (b) are legal, valid, binding and enforceable, with a new subparagraph allowing account to be taken of clear precedents of transfers and industry intent to continue that practice.
Paragraph 3 is now expressed as a derogation tied specifically to failure to meet point (a) of paragraph 2 because of joint default risk, referencing points (a) to (d) of paragraph 2 and point (a) of Article 306(1), while paragraph 4 now addresses a multi-level client structure and a lower-level client accessing a CCP through a higher-level client, rather than indirect clearing arrangements under Regulation (EU) No 648/2012.
Cited: Art. 305, v1 · Art. 305, 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
The text of Article 305, including point (d) of paragraph 2, is unchanged in substance between the two versions, with the only difference being formatting: paragraph numbers now appear on their own line before the paragraph text.
Cited: Art. 305, v1 · Art. 305, v2
text before / after, on the event page →