Capital Requirements Regulation · 32013R0575 · every version of this act · on EUR-Lex (external, EUR-Lex)
5 changes recorded across 5 versions, newest first.
Follow this provision (Atom) · Watch it from CI · Watch this provision
Amended by Regulation (EU) 2021/424 32021R0424 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Not in every listWhat this means
Found in the text, but not every source lists it — the text comparison found this change; the EU's own amendment metadata does not list it and the amending act's instructions do not mention it. Only the text comparison found it. All are shown; none is overruled.
Explanation, written by a model and checked against the cited text
In Article 11(3a)(1), the phrase describing which parent institutions are covered was changed from listing G-SIIs, entities that are part of a G-SII, or part of a non-EU G-SII, to a single reference to G-SII entities.
Cited: Art. 11, v1 (external, EUR-Lex) · Art. 11, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 28 June 2021 02013R0575-20210629 → this version, in force 30 September 2021 02013R0575-20210930
Article 11
General treatment
1. Parent institutions in a Member State shall comply, to the extent and in the manner set out in Article 18, with the obligations laid down in Parts Two, Three, Four, Seven and Seven A on the basis … 394 unchanged words … down in Part Six on a consolidated basis, taking into account the nature, scale and complexity of the investment firm's activities.
3a. By way of derogation from paragraph 1 of this Article, only parent institutions identified as resolution entities that are G-SIIs, part of a G-SII or part of a non-EU G-SII entities shall comply with Article 92a of this Regulation on a consolidated basis, to the extent and in the manner set out in Article 18 of this Regulation.
Only EU parent undertakings that are a material subsidiary of a non-EU G-SII and … 359 unchanged words … and shall neither entail disproportionate adverse effects on the whole or parts of the financial system in other Member States or in the Union as a whole nor form or create an obstacle to the functioning of the internal market.
Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2021/558 32021R0558 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2020/873 32020R0873 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
In paragraph 4, the sentence allowing competent authorities to exempt EU parent institutions that belong to groups comprising only investment firms from Part Six and point (d) of Article 430(1) compliance on a consolidated basis, pending the Commission's report under Article 508(2), has been removed.
The second subparagraph of paragraph 4 otherwise retains the same wording on liquidity sub-groups complying with Part Six and point (d) of Article 430(1), with only the addition of the words "of this Regulation" after the reference to point (d) of Article 430(1).
Cited: Art. 11, v1 (external, EUR-Lex) · Art. 11, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
Paragraph 1 now references Parts Two, Three, Four, Seven and Seven A instead of Parts Two to Four and Part Seven, and adds an exception for point (d) of Article 430(1).
Paragraph 2, which previously addressed institutions controlled by a parent financial holding company or mixed financial holding company and their consolidated obligations under Parts Two to Four and Part Seven, has been replaced with new wording extending the terms institution, parent institution in a Member State, EU parent institution and parent undertaking to certain financial holding companies, mixed financial holding companies and designated institutions or entities described in points (a), (b) and (c), together with rules on whose consolidated situation applies to the undertakings in points (b) and (c).
Paragraph 4, formerly concerned with the central body under Article 10, is now a new provision on EU parent institutions complying with Part Six and point (d) of Article 430(1) on a consolidated basis, including a liquidity sub-group rule, while the former paragraph 4 content on the central body now appears as paragraph 5 with an added reference to Chapter 2 of Regulation (EU) 2017/2402, and the former paragraph 5 on structurally separated institutions now appears as paragraph 6 with its obligation extended to Parts Two to Eight and its reference to "structurally separated institutions" changed to "an institution".
Cited: Art. 11, v2 (external, EUR-Lex) · Art. 11, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
A new paragraph 3a has been inserted, requiring that only parent institutions identified as resolution entities that are G-SIIs, part of a G-SII, or part of a non-EU G-SII comply with Article 92a on a consolidated basis, to the extent and manner set out in Article 18.
This new paragraph also states that only EU parent undertakings that are a material subsidiary of a non-EU G-SII and are not resolution entities must comply with Article 92b on a consolidated basis, and that where Article 21b(2) of Directive 2013/36/EU applies, two intermediate EU parent undertakings jointly identified as a material subsidiary shall each comply with Article 92b on the basis of their own consolidated situation.
This paragraph 3a did not appear in the earlier version of Article 11.
Cited: Art. 11, v2 (external, EUR-Lex) · Art. 11, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
no amending act named
Applies from: no date changed
Explanation, written by a model and checked against the cited text
The list of entities covered in paragraph 3 changed from 'EU parent institutions and institutions controlled by an EU parent financial holding company and institutions controlled by an EU parent mixed financial holding company' to 'EU parent institutions, institutions controlled by an EU parent financial holding company and institutions controlled by an EU parent mixed financial holding company', replacing the second 'and' with a comma.
The reference to the Commission report in paragraph 3 was changed from 'Article 508(2)' to 'Article 508(2) of this Regulation', adding a specifying phrase without altering the article number cited.
Cited: Art. 11, v1 (external, EUR-Lex) · Art. 11, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page