Art. 428ai · Derogation for small and non-complex institutions

Version in force 28 June 2021, Inserted +790 −0§

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)

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This new article allows small and non-complex institutions, with the prior permission of their competent authority, to calculate the ratio between available and required stable funding by way of derogation from Chapters 3 and 4, referring instead to the available stable funding of Chapter 6 and the required stable funding of Chapter 7.

It also permits a competent authority to require a small and non-complex institution to comply with the net stable funding requirement based on the available stable funding of Chapter 3 and the required stable funding of Chapter 4 where it considers the simplified methodology inadequate to capture that institution's funding risks.

Cited: Art. 428ai, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 428ai
Derogation for small and non-complex institutions
By way of derogation from Chapters 3 and 4, small and non-complex institutions may choose, with the prior permission of their competent authority, to calculate the ratio between an institution's available stable funding as referred to in Chapter 6, and the institution's required stable funding as referred to in Chapter 7, expressed as a percentage.
A competent authority may require a small and non-complex institution to comply with the net stable funding requirement based on an institution's available stable funding as referred to in Chapter 3 and the required stable funding as referred to in Chapter 4 where it considers that the simplified methodology is not adequate to capture the funding risks of that institution.