Art. 493

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.

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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

In point (i) of paragraph 3, the categories of off-balance-sheet items eligible for the 50% treatment were changed from 'medium/low risk' documentary credits and 'medium/low risk' undrawn credit facilities to 'bucket 4' documentary credits and 'bucket 3' undrawn credit facilities.

The revised text also adds a qualification limiting the undrawn credit facilities covered to those with an original maturity of up to and including one year, a restriction not present in the earlier wording.

Cited: Art. 493, v1 · Art. 493, v2

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in force 2024-07-09 MODIFIED§

Amended by Regulation (EU) 2024/1623 32024R1623

applies from: unchanged

In point (a) of paragraph 3, the reference to covered bonds was changed from specifying covered bonds falling within Article 129(1), (3) and (6) to referring simply to covered bonds as referred to in Article 129, without the specific sub-paragraph references.

Cited: Art. 493, v1 · Art. 493, v2

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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.

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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

Point (c) of paragraph 3 now includes an institution's own subsidiaries and qualifying holdings among the entities to which exposures may be exempted, rather than referring only to own subsidiaries.

The clause about exposures not meeting the criteria being treated as third-party exposures is now presented as a separate sentence beginning with a semicolon rather than as a continuation joined within the same sentence as before.

Cited: Art. 493, v2 · Art. 493, v1

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in force 2020-12-28 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: 2004-04-21, 2021-06-26 · dates removed: 1993-05-10

Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

Paragraph 1 now sets a fixed end date of 26 June 2021 for the exemption from Articles 387 to 403, replacing the earlier wording that tied the exemption's expiry to 31 December 2020 or an amendment under paragraph 2, whichever came first.

The reference to financial instruments in Section C of Annex I has been expanded to include point (11) alongside points (5) to (10), and the instrument list is now tied to Directive 2014/65/EU instead of Directive 2004/39/EC.

The reference to the prior directive not applying on 31 December 2006 now names Directive 2004/39/EC itself, with its own citation details, in place of the earlier reference to Council Directive 93/22/EEC of 10 May 1993.

Cited: Art. 493, v1 · Art. 493, v2

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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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in force 2018-01-01 MODIFIED§

Amended by Regulation (EU) 2017/2395 32017R2395 · Regulation (EU) 2017/2188 32017R2188

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: 2017-12-12, 2017-12-31, 2018-12-31, 2019-12-31

The after text adds four new paragraphs, numbered 4 through 7, that were not present before.

Paragraph 4 sets declining limits on certain exposures expressed as percentages of an institution's Tier 1 capital, running from 100% until 31 December 2018 down to 50% until 31 December 2020, and applies those limits after taking into account credit risk mitigation under Articles 399 to 403.

Paragraph 5 lists the categories of exposures to which paragraph 4 applies, paragraph 6 conditions that application on the exposure having carried a 0% risk weight under the version of Article 495(2) in force on 31 December 2017 and on having been incurred on or after 12 December 2017, and paragraph 7 exempts from Article 395(1) an exposure incurred before 12 December 2017 that carried that same 0% risk weight on 31 December 2017.

Cited: Art. 493, v2

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in force 2016-07-19 DEFERRED§

Amended by Regulation (EU) 2016/1014 32016R1014

applies from: 2020-12-31

dates added to the text: 2020-12-31 · dates removed: 2017-12-31

In Article 493(1), the date until which the exemption from the large exposures provisions is available has changed from 31 December 2017 to 31 December 2020.

All other text of the article, including the derogation deadline of 31 December 2028 in paragraph 3, remains unchanged.

Cited: Art. 493, v1 · Art. 493, v2

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detected 2026-08-13 MODIFIED§

no amending act named

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: 2028-12-31 · dates removed: 2029-01-02

The deadline in paragraph 3 by which Member States may exempt certain exposures from Article 395(1) is changed from 2 January 2029 to 31 December 2028.

Paragraph 2's closing sentence is reworded slightly, referring to "that report" instead of "this report" and to submitting proposals "to amend" rather than "for amendments to" the Regulation, without changing its substance.

Point (j) of paragraph 3 adds the word "that" before "the guarantee is not used," a minor wording adjustment with no change of substance.

Cited: Art. 493, v1

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