detected 2026-08-13 MODIFIED+65 −51§
no amending act named
applies from: unchanged
The provision restructures the first paragraph into two separate paragraphs, splitting off the sentence about EBA's report into its own paragraph and rephrasing it from 'if and how' to 'whether, and if so how'.
Minor punctuation is added around 'together with Directive 2013/36/EU' and around the review and proposal clauses in the fourth paragraph.
The final paragraph replaces the phrase 'potential elimination of the Article 33(1)(c)' with 'potential deletion of Article 33(1)(c)'.
Cited: Art. 502, v1 · Art. 502, v2
text before / after
32013R0575 → 02013R0575-20130628
Article 502
Cyclicality of capital requirements
The Commission, in cooperation with EBA, ESRB and the Member States, and taking into account the opinion of the ECB, shall periodically monitor whether this Regulation taken as a whole, together with Directive 2013/36/EU 2013/36/EU, has significant effects on the economic cycle and, in the light of that examination, shall consider whether any remedial measures are justified. By 31 December 2013, EBA shall report to the Commission on whether, and if and how so how, methodologies of institutions under the IRB Approach should converge with a view to more comparable capital requirements while mitigating pro-cyclicality.
Based on that analysis and taking into account the opinion of the ECB, the Commission shall draw up a biennial report and submit it to the European Parliament and to the Council, together with any appropriate proposals. Contributions from credit taking and credit lending parties shall be adequately acknowledged when the report is drawn up.
By 31 December 2014 2014, the Commission shall review review, and report on on, the application of Article 33(1)(c) and shall submit that report to the European Parliament and the Council, together with a legislative proposal proposal, if appropriate.
With respect to the potential elimination deletion of the Article 33(1)(c) and its potential application at the Union level, the review shall in particular ensure that sufficient safeguards are in place to ensure financial stability in all Member States.