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Provision history · CRR

Art. 2 · Supervisory powers

Capital Requirements Regulation · 32013R0575 · every version of this act · on EUR-Lex

2 changes recorded across 2 versions, newest first.

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Version in force Modified +974 −0

Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex · Regulation (EU) 2019/876 32019R0876 on EUR-Lex · Regulation (EU) 2021/558 32021R0558 on EUR-Lex · Regulation (EU) 2020/873 32020R0873 on EUR-Lex

Applies from: not readable (the text changed beyond its dates, so no date that moved can be read as the application date) why

dates added to the text: 2019-11-27, 2019-12-05

Explanation, written by a model and checked against the cited text

A new paragraph 5 has been added directing that, when applying Article 1(2) and 1(5) of Regulation (EU) 2019/2033 to the investment firms referred to in those paragraphs, the competent authorities defined in Directive (EU) 2019/2034 treat those investment firms as if they were institutions under this Regulation.

Paragraphs 1 through 4, covering the powers and procedures of competent authorities, resolution authorities, the Single Resolution Board and the European Central Bank, remain unchanged between the two versions.

Cited: Art. 2, v2 · Art. 2, v1

v1 is the previous version, v2 this one.

Text from EUR-Lex, before and after

Previous version, in force 28 December 2020 02013R0575-20201228 → this version, in force 28 June 2021 02013R0575-20210629

Article 2 Supervisory powers 1. For the purpose of ensuring compliance with this Regulation, competent authorities shall have the powers and shall follow the procedures set out in Directive 2013/36/EU and in this Regulation. 2. For the purpose of ensuring compliance with this Regulation, resolution authorities shall have the powers and shall follow the procedures set out in Directive 2014/59/EU of the European Parliament and of the Council Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190). and in this Regulation. 3. For the purpose of ensuring compliance with the requirements concerning own funds and eligible liabilities, competent authorities and resolution authorities shall cooperate. 4. For the purpose of ensuring compliance within their respective competences, the Single Resolution Board established by Article 42 of Regulation (EU) No 806/2014 of the European Parliament and of the Council Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (OJ L 225, 30.7.2014, p. 1)., and the European Central Bank with regard to matters relating to the tasks conferred on it by Council Regulation (EU) No 1024/2013 Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ L 287, 29.10.2013, p. 63)., shall ensure the regular and reliable exchange of relevant information.5. When applying the provisions laid down in Article 1(2) and 1(5) of Regulation (EU) 2019/2033 of the European Parliament and of the Council Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (OJ L 314, 5.12.2019, p. 1). with regard to investment firms referred to in those paragraphs, the competent authorities as defined in point (5) of Article 3(1) of Directive (EU) 2019/2034 of the European Parliament and of the Council Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64). shall treat those investment firms as if they were institutions under this Regulation.

Version in force Modified

Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex

Applies from: not readable (the text changed beyond its dates, so no date that moved can be read as the application date) why

dates added to the text: 2013-10-15, 2014-05-15, 2014-07-15

Not in every listWhat this means

Found in the text, but not every source lists it — the text comparison and the EU's own amendment metadata found this change; the amending act's instructions do not mention it. The source that does not name it is the amending act's instructions. All are shown; none is overruled.

Explanation, written by a model and checked against the cited text

The single unnumbered paragraph in the earlier text, which only referenced competent authorities' powers under Directive 2013/36/EU, is replaced by four numbered paragraphs.

The new paragraphs add a reference to powers under this Regulation itself for competent authorities, introduce resolution authorities' powers and procedures under Directive 2014/59/EU and this Regulation, require cooperation between competent and resolution authorities on own funds and eligible liabilities requirements, and require the Single Resolution Board and the European Central Bank to ensure regular and reliable exchange of relevant information within their respective competences.

Cited: Art. 2, v1 · Art. 2, v2

v1 is the previous version, v2 this one.

Text from EUR-Lex, on this version's page