Art. 500c
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
3 changes recorded across 3 events, newest first.
in force 2025-01-01 MODIFIED+12 −14§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The two internal cross-references that previously pointed to Article 366(3) now point to Article 325bf instead, both where the derogation is stated and where the addend calculation is referenced.
The remaining wording, including the conditions on overshootings not resulting from model deficiencies and the 1 January 2020 to 31 December 2021 period, is unchanged.
Cited: Art. 500c, v1 · Art. 500c, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 500c
Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic
By way of derogation from Article 366(3), 325bf, competent authorities may, in exceptional circumstances and in individual cases, permit institutions to exclude the overshootings evidenced by the institution’s back-testing on hypothetical or actual changes from the calculation of the addend set out in Article 366(3), 325bf, provided that those overshootings do not result from deficiencies in the internal model and provided that they occurred between 1 January 2020 and 31 December 2021.
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`.
text before / after, on the event page →
in force 2020-06-27 INSERTED§
Amended by Regulation (EU) 2020/873 32020R0873
applies from: unknown (an inserted provision states its own application date only in prose)
A new Article 500c is added, allowing competent authorities, in exceptional circumstances and on a case-by-case basis, to permit institutions to exclude certain back-testing overshootings from the calculation of the addend referred to in Article 366(3), departing from that provision.
The exclusion applies only to overshootings that do not stem from deficiencies in the internal model and that occurred between 1 January 2020 and 31 December 2021.
Cited: Art. 500c, v2
text before / after, on the event page →