Version in force , Modified +227 −1,016§
Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2987 32024R2987 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2795 32024R2795 on EUR-Lex (external, EUR-Lex)
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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. The source that does not name it is the EU's own amendment metadata. Both are shown; neither is overruled.
Explanation, written by a model and checked against the cited text
The heading of Article 313 changed from "Reverting to the use of less sophisticated approaches" to "Business indicator component", and the entire substantive text was replaced.
The earlier version set out conditions under which institutions could revert from the Standardised Approach or Advanced Measurement Approaches to a less sophisticated approach for operational risk, including a requirement for competent-authority permission, whereas the later version instead states that institutions shall calculate a business indicator component using a formula referencing the business indicator defined in Article 314.
Cited: Art. 313, v1 (external, EUR-Lex) · Art. 313, 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 9 July 2024 02013R0575-20240709
Article 313 Reverting to the use of less sophisticated approaches 1. Institutions that use the Standardised Approach shall not revert to the use of the Basic Indicator Approach unless the conditions in paragraph 3 are met. 2. Institutions that use the Advanced Measurement Approaches shall not revert to the use of the Standardised Approach or the Basic Indicator Approach unless the conditions in paragraph 3 are met. 3. An institution may only revert to the use of a less sophisticated approach for operational risk where both the following conditions are met: (a) the institution has demonstrated to the satisfaction of the competent authority that the use of a less sophisticated approach is not proposed in order to reduce the operational risk related own funds requirements of the institution, is necessary on the basis of nature and complexity of the institution and would not have a material adverse impact on the solvency of the institution or its ability to manage operational risk effectively; (b) the institution has received the prior permission of the competent authority.
this version, in force 1 January 2025 02013R0575-20250101
Article 313 Business indicator component Institutions shall calculate their business indicator component in accordance with the following formula: where: BIC = the business indicator component; BI = the business indicator, expressed in billions of euro, calculated in accordance with Article 314.