Capital Requirements Regulation · 32013R0575 · every version of this act · on EUR-Lex (external, EUR-Lex)
3 changes recorded across 3 versions, newest first.
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Amended by Regulation (EU) 2019/2160 32019R2160 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
In point (ii) of Article 416(2)(1)(a), the reference to bonds referred to in Article 52(4) of Directive 2009/65/EC has been replaced with a reference to covered bonds as defined in point (1) of Article 3 of Directive (EU) 2019/2162.
Cited: Art. 416, v1 (external, EUR-Lex) · Art. 416, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 10 April 2022 02013R0575-20220410 → this version, in force 8 July 2022 02013R0575-20220708
Article 416
Reporting on liquid assets
1. Institutions shall report the following as liquid assets unless excluded by paragraph 2 and only if the liquid assets fulfil the conditions in paragraph 3:
(a) cash and exposures to central banks to the extent that … 419 unchanged words … for the treatment set out in Article 129(4) or (5) or asset backed instruments if demonstrated to be of the highest credit quality as established by EBA pursuant to the criteria in Article 509 (3), (4) and (5);
(ii) they are covered bonds as referred to defined in point (1) Article 52(4) 3 of Directive 2009/65/EC (EU) 2019/2162 other than those referred to in point (i) of this point;
(iii) the credit institution has been set up by a Member State central or regional government and that government has an obligation to protect the economic basis of the institution … 803 unchanged words … set out in paragraph 6, the shares or units in the CIU may nevertheless be considered a liquid asset for an additional period of 30 days provided that those assets do not exceed 10 % of the CIU's overall assets.
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)
Applies from: not readable (the text changed beyond its dates, so no date that moved can be read as the application date) why
dates removed: 2014-01-01, 2014-03-31
Explanation, written by a model and checked against the cited text
Paragraph 3's list of conditions was rewritten: point (a) now allows uncommitted credit lines when a pool is operated by a central bank, points (a) through (c) were reworded, and the former point (e) on eligibility as central bank collateral was removed, leaving the listed-exchange or tradability condition as the remaining point (d), with the following exemption clause now referring only to points (c) and (d) instead of (c), (d) and (e).
The former third subparagraph of paragraph 3 on currencies with a narrow definition of central bank eligibility, and the whole of former paragraph 5 on EBA implementing technical standards for listing qualifying currencies, including the 31 March 2014 submission deadline and the 1 January 2014 transitional reference, have been deleted.
Former paragraphs 6 and 7 on CIU treatment and on ceasing eligibility were renumbered as paragraphs 5 and 6, with the EUR 500 million CIU cap now also expressed as an equivalent amount in domestic currency and the eligibility-cessation wording changed to refer to ceasing to comply with the requirement for liquid assets set out in the Article, while the text as shown still also contains a further paragraph 7 repeating the prior 30-day rule with a cross-reference to paragraph 6.
Cited: Art. 416, v1 (external, EUR-Lex) · Art. 416, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
no amending act named
Applies from: no date changed
Explanation, written by a model and checked against the cited text
In Article 416(3), the second subparagraph now exempts assets referred to in points (a), (e) and (f) of paragraph 1 from the conditions in points (c), (d) and (e) of the first subparagraph, whereas previously only the assets referred to in point (e) of paragraph 1 were exempted.
Cited: Art. 416, v1 (external, EUR-Lex) · Art. 416, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page