Art. 428y · 20 % required stable funding factor

Version in force 28 June 2021, Inserted +471 −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)

Applies from: not readable (an inserted provision states its own application date only in prose) why

Not in every listWhat this means

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

This article is newly added and sets out that unencumbered shares or units in CIUs eligible for a 20% haircut under the delegated act referenced in Article 460(1) are assigned a 20% required stable funding factor.

The text specifies that this factor applies regardless of whether such shares or units meet the operational requirements or the liquidity buffer composition requirements set out in that delegated act.

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

v1 is the previous version, v2 this one.

Article 428y
20 % required stable funding factor
Unencumbered shares or units in CIUs that are eligible for a 20 % haircut for the calculation of the liquidity coverage ratio in accordance with the delegated act referred to in Article 460(1) shall be subject to a 20 % required stable funding factor, regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act.