in force 2024-07-09 MODIFIED+35 −35§
Amended by Regulation (EU) 2024/1623 32024R1623
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: 2026-01-01, 2026-12-31, 2027-01-01, 2027-12-31 · dates removed: 2022-12-31, 2023-12-31, 2024-01-01, 2025-01-01
The overall derogation end date in paragraph 1 moved from 31 December 2024 to 31 December 2026, with the risk-weight schedule dates in points (a), (b) and (c) each shifted two years later.
The Tier 1 capital exposure limits in paragraph 2 were likewise shifted two years later, with each of the three dated thresholds in points (a), (b) and (c) moved forward from 2023-2025 to 2025-2027.
Cited: Art. 500a, v2
text before / after
02013R0575-20240109 → 02013R0575-20240709
Article 500a
Temporary treatment of public debt issued in the currency of another Member State
1. By way of derogation from Article 114(2), until 31 December 2024, 2026, for exposures to the central governments and central banks of Member States, where those exposures are denominated and funded in the domestic currency of another Member State, the following apply:
(a) until 31 December 2022, 2024, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to those exposures in accordance with Article 114(2);
(b) in 2023, 2025, the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to those exposures in accordance with Article 114(2);
(c) in 2024, 2026, the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to those exposures in accordance with Article 114(2).
2. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits:
(a) 100 % of the institution’s Tier 1 capital until 31 December 2023; 2025;
(b) 75 % of the institution’s Tier 1 capital between 1 January and 31 December 2024; 2026;
(c) 50 % of the institution’s Tier 1 capital between 1 January and 31 December 2025. 2027.
The limits referred to in points (a), (b) and (c) of the first subparagraph of this paragraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403.
3. By way of derogation from point (ii) of point (d) of Article 150(1), after receiving the prior permission of the competent authorities and subject to the conditions laid down in Article 150, institutions may also apply the Standardised Approach to exposures to central governments and central banks, where those exposures are assigned a 0 % risk weight under paragraph 1 of this Article.