Version in force , Modified +319 −0§
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
A new paragraph has been added stating that the Commission may adopt implementing acts, subject to the examination procedure referred to in Article 464(2), setting out decisions on whether a third country applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union.
The original single-paragraph text defining an institution for large exposures purposes remains unchanged.
Cited: Art. 391, v2 (external, EUR-Lex) · Art. 391, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 26 April 2019 02013R0575-20190426 → this version, in force 27 June 2019 02013R0575-20190627
Article 391 Definition of an institution for large exposures purposes For the purposes of calculating the value of exposures in accordance with this Part the term institution shall include a private or public undertaking, including its branches, which, were it established in the Union, would fulfil the definition of the term institution and has been authorised in a third country that applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union.For the purposes of the first paragraph, the Commission may adopt, by means of implementing acts, and subject to the examination procedure referred to in Article 464(2), decisions as to whether a third country applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union.