Art. 514

in force 2024-07-09 MODIFIED+231 −45§

Amended by Regulation (EU) 2024/1623 32024R1623

applies from: unchanged

Paragraph 2 now refers to the EBA report as the one mentioned in paragraph 1 and adds that the Commission must take due account of the implementation in third countries of the internationally agreed standards developed by the BCBS before submitting any legislative proposal.

The paragraph also now specifies that any such legislative proposal would be submitted to the European Parliament and to the Council, whereas the earlier version did not name these recipients, and it restates the reference to the relevant sections and chapter of Part Three in a different order.

Cited: Art. 514, v2 · Art. 514, v1

in force 2023-06-28 MODIFIED§

Amended by Regulation (EU) 2019/876 32019R0876

applies from: unknown

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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

A new paragraph 2 has been added, stating that the Commission shall, on the basis of EBA's report, submit a legislative proposal where appropriate to amend the approaches set out in Sections 3, 4 and 5 of Chapter 6 of Title II of Part Three.

Paragraph 1, which requires EBA to report to the Commission by 28 June 2023, remains unchanged between the two versions.

Cited: Art. 514, v2 · Art. 514, v1

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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 2019-06-27 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: 2023-06-28 · dates removed: 2016-12-31

The article's heading changed from referring to counterparty credit risk and the Original Exposure Method to referring to the method for calculating the exposure value of derivative transactions.

The obligation was reassigned from the Commission reviewing and reporting on the application of Article 275 by 31 December 2016 to EBA reporting to the Commission by 28 June 2023 on the impact and relative calibration of the approaches in Sections 3, 4 and 5 of Chapter 6 of Title II of Part Three for calculating exposure values of derivative transactions.

The later text also introduces a numbered subparagraph (1) where the earlier text had none.

Cited: Art. 514, v1 · Art. 514, v2

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detected 2026-08-13 MODIFIED§

no amending act named

applies from: unchanged

The heading's capitalization changed from 'Counterparty Credit Risk' to 'Counterparty credit risk', and a comma was added after the date '31 December 2016'.

Cited: Art. 514, v1 · Art. 514, v2

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