Version in force , Modified +45 −171§
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)
Explanation, written by a model and checked against the cited text
The clause referring to foreign exchange and gold positions for which own funds requirements are calculated using an internal model has been removed from the description of how the net position sum is calculated.
The remaining wording, including the 2% threshold and the 8% multiplication, is otherwise unchanged.
Cited: Art. 351, v1 (external, EUR-Lex) · Art. 351, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 July 2024 02013R0575-20240709 → this version, in force 1 January 2025 02013R0575-20250101
Article 351
De minimis and weighting for foreign exchange risk
If the sum of an institution's institution’s overall net foreign-exchange foreign exchange position and its net gold position, calculated in accordance with the procedure set out in Article 352, including for any foreign exchange and gold positions for which own funds requirements are calculated using an internal model, exceeds 2 % of its total own funds, the institution shall calculate an own funds requirement for foreign exchange risk. The own funds requirement for foreign exchange risk shall be the sum of its overall net foreign-exchange foreign exchange position and its net gold position in the reporting currency, multiplied by 8 %.