emendrix

Art. 520

Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex

Amendment of Regulation (EU) No 648/2012

3 changes recorded across 3 events, newest first.

in force 2025-01-01 MODIFIED+0 −1

Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795

applies from: unchanged

Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it. Both are shown; neither is overruled.

The two versions of Article 520(1)(3) are textually identical in substance, with the only visible difference being the removal of a stray trailing period and space after the final sentence of the inserted paragraph 5a in Article 89.

Cited: Art. 520, v1 · Art. 520, v2

text before / after

02013R0575-20240709 → 02013R0575-20250101

Article 520 Amendment of Regulation (EU) No 648/2012 Regulation (EU) No 648/2012 is amended as follows: (1) the following Chapter is added in Title IV: CHAPTER 4 Calculations and reporting for the purposes of Regulation (EU) No 575/2013 Article 50a Calculation of KCCP 1. For the purposes of … 1,716 unchanged words … received from its clearing members. The deadlines referred to in the first and second subparagraphs of this paragraph may be extended by six months in accordance with a Commission implementing act adopted pursuant to Article 497(3) of Regulation (EU) No 575/2013. .

in force 2015-01-18 MODIFIED

Amended by Regulation (EU) 2015/62 32015R0062 · Regulation (EU) 2018/405 32018R0405

applies from: unchanged

Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it. Both are shown; neither is overruled.

The wording of the inserted Chapter 4 provisions is unchanged in substance, with the only visible differences being formatting adjustments such as removal of spacing, line breaks and some mathematical operator symbols within the KCCP, PCEred and DF formulas.

The surrounding legal text of Article 50a to 50d and the amendments to Article 11(15) and Article 89(5a) of Regulation (EU) No 648/2012 remain identical in both versions.

Cited: Art. 520, v1 · Art. 520, v2

text before / after, on the event page →

detected 2026-08-13 MODIFIED

no amending act named

applies from: unchanged

In the new Article 50a(1), the condition tying KCCP calculation to a CCP having received a specific notification under Article 301(2)(b) of Regulation (EU) No 575/2013 is removed, and the calculation obligation is stated without that precondition, while a new sentence is added to Article 50a(2) specifying that all values in the formula relate to end-of-day valuation before the final margin call of the day is exchanged.

In Article 50b, point (a)(i) now specifies that exposures listed there are to be calculated under the mark-to-market method of Article 274 of Regulation (EU) No 575/2013, and the former point (d) on securities financing transaction exposures and the former point (g) formula for PCEred are removed, while cross-references in points (i) and (h) are adjusted accordingly; Article 50c(1) drops the former point (f) referring to contractually committed contributions (DFCMc).

The inserted paragraph 5a in Article 89 replaces the earlier reference to "the eleven regulatory technical standards referred to at the end of the first/second subparagraph of paragraph 3" with explicit lists of numbered articles, changes "does not have" to "neither has ... nor has", drops the phrase "by law or" style wording is unaffected but adds "and subject to the fourth subparagraph of this paragraph", and rewords the extension mechanism from an "implementing act referred to in Article 497(3)" adopted by the Commission to an "implementing act adopted pursuant to Article 497(3)".

Cited: Art. 520, v1 · Art. 520, v2

text before / after, on the event page →