Art. 402

in force 2026-06-26 MODIFIED±0§

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.

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`.

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

For residential property exposures, the deduction cap changed from a tiered 50% of market value or 60% of mortgage lending value to a single 55% of the property value, the requirement that the exposure be 'fully secured' was replaced with 'secured', and the risk-weight ceiling condition changed from not more than 35% under Article 124(2) to not more than 20% under Article 124(9).

For commercial immovable property exposures, the deduction cap similarly changed from 50% of market value or 60% of mortgage lending value to a flat 55% of the property value, the 'fully secured' wording was changed to 'secured', and the risk-weight condition moved from not more than 50% under Article 124(2) to not more than 60% under Article 124(9), while the cross-reference in point (c) changed from point (a) of Article 126(2) to Article 124(3), point (c).

Cited: Art. 402, v1 · Art. 402, v2

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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`.

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in force 2023-06-28 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 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

Paragraphs 1 and 2 now state that institutions may reduce exposure values in these ways except where prohibited by applicable national law, a qualification not present before, and the property described in the opening clause is specified as residential property in paragraph 1 and commercial immovable property in paragraph 2 rather than immovable property generally.

The sub-points on mortgage security in both paragraphs now allow for one or more mortgages rather than a single mortgage, and paragraph 2's reference to Article 126(2) is narrowed to point (a) of that provision.

In paragraph 3, the counterparty and the entities whose exposures are reported are now described as an institution or an investment firm, whereas before only an institution was named.

Cited: Art. 402, v1 · Art. 402, 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 2019-12-25 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.

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`.

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detected 2026-08-13 MODIFIED§

no amending act named

applies from: unchanged

In paragraph 1, the wording changes references from 'real estate property' and 'residential real estate' to 'immovable property' and 'residential property' respectively, including in the introductory clause and point (a).

In paragraph 2, the wording similarly changes references from 'real estate property' to 'immovable property' in the introductory clause, from 'commercial real estate' to 'commercial immovable property' in point (a), from 'property leasing transactions' to 'immovable property leasing transactions' in point (b)(ii), and from 'commercial property' to 'commercial immovable property' in point (d).

Cited: Art. 402, v2

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