Art. 401
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
4 changes recorded across 4 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
Paragraph 1 no longer refers to the calculation method under Part Three, Title II, Chapter 3 or the associated permission from competent authorities for using own estimates of the effects of financial collateral, and instead requires institutions, other than those using the Financial Collateral Simple Method, to use the Financial Collateral Comprehensive Method regardless of the method used for own funds requirements, with a separate derogation allowing use of certain Chapter 4 and Chapter 6 methods for securities financing transactions.
Paragraph 3's stress-testing and concentration-risk strategy requirements are no longer limited to institutions using the Financial Collateral Comprehensive Method or the paragraph 2 method, but apply to institutions generally, and the former point (b) on policies for a lower realisable collateral value found in a stress test has been removed, leaving only the maturity-mismatch and concentration-risk policy points.
A new paragraph 4 has been added addressing the treatment, in the manner set out in Article 403, of the reduced portion of an exposure to a client as having been incurred for the protection provider rather than the client where a credit risk mitigation technique under Article 399(1) is used.
Cited: Art. 401, v1 · Art. 401, 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
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 →