emendrix

Art. 390

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

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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

The provision has been substantially restructured: the order of paragraphs 1 and 2 has been swapped so that group-of-connected-clients calculation now appears first, followed by the overall individual-client calculation, and the trading-book netting rules formerly in paragraph 3 have been replaced with new offsetting rules based on seniority of financial instruments.

The detailed trading-book calculation method referencing Part Three Title IV Chapter 2, Article 299 and Title V has been replaced by new paragraph 4 language on derivative and credit derivative exposure values referencing specific sections of Chapter 6 of Title II of Part Three, with a new derogation for securities financing transactions, while the former Internal Model Method paragraph 2 has been removed and paragraph 5 now separately addresses exposures from derivatives not directly entered into with the client.

Paragraph 6(a) and (b) now refer to "business days" instead of "working days," and paragraph 6(e) now excludes exposures deducted from Common Equity Tier 1 or Additional Tier 1 items under Articles 36 and 56, or any other deduction reducing the solvency ratio, rather than exposures deducted under Articles 36, 56 and 66.

Cited: Art. 390, v1 · Art. 390, v2

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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`.

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in force 2019-06-27 MODIFIED

Amended by Regulation (EU) 2019/876 32019R0876

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

dates added to the text: 2020-03-28

A new paragraph 9 has been added requiring EBA to develop draft regulatory technical standards specifying how to determine exposures arising from derivative contracts listed in Annex II and credit derivative contracts, where the contract was not entered into directly with a client but the underlying debt or equity instrument was issued by that client, for inclusion into the exposures to that client.

This new paragraph also sets a submission deadline for those draft standards to the Commission and delegates power to the Commission to supplement the Regulation by adopting them under Articles 10 to 14 of Regulation (EU) No 1093/2010.

Paragraphs 1 through 8 remain unchanged between the two versions.

EBA shall submit those draft regulatory technical standards to the Commission by 28 March 2020.

Cited: Art. 390, v2 · Art. 390, v1

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detected 2026-08-13 MODIFIED

no amending act named

applies from: unchanged

In point (a) of paragraph 3, the phrase describing how the net position in each instrument is calculated was changed from "calculated according to the methods" to "calculated in accordance with the methods".

The remainder of the provision is otherwise unchanged in wording, with only formatting differences such as paragraph numbers appearing on separate lines.

Cited: Art. 390, v1 · Art. 390, v2

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