Version in force , Modified +99 −269§
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)
Explanation, written by a model and checked against the cited text
The article's heading changed from describing an alternative calculation of own funds requirement for exposures to a QCCP to addressing own funds requirements for unfunded contributions to the default fund of a QCCP.
The operative text replaced the formula-based calculation of Ki using trade exposures and pre-funded contributions with a single instruction that an institution apply a 0 % risk weight to its unfunded contributions to the default fund of a QCCP.
Cited: Art. 310, v1 (external, EUR-Lex) · Art. 310, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
texts differ too much for an inline diff; shown separately
Previous version, in force 28 December 2020 02013R0575-20201228
Article 310 Alternative calculation of own funds requirement for exposures to a QCCP An institution shall apply the following formula to calculate the own funds requirement (Ki) for the exposures arising from its trade exposures and the trade exposures of its clients (TEi) and pre-funded contributions (DFi) to the default fund of a QCCP:Ki8% min2% TEi1250% DFi;20% TEi
this version, in force 28 June 2021 02013R0575-20210629
Article 310 Own funds requirements for unfunded contributions to the default fund of a QCCP An institution shall apply a 0 % risk weight to its unfunded contributions to the default fund of a QCCP.