Version in force , Modified +685 −537§
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 percentage thresholds and reference measure used in points (a) to (f) of paragraph 1 changed: the earlier text used market value and mortgage lending value with rates of 80%, 50% and 60% and referenced Article 124(2), while the later text uses a single 'property value' concept with rates of 55% for loss-related points and 100% for overall-loss and exposure-value points, and references Article 124(9).
Points (d) to (f) also relabel the collateral type from 'immovable commercial property' to 'commercial immovable property' while applying the same revised percentage structure as points (a) to (c).
Paragraph 3 now refers to paragraph 1, points (a) to (f), instead of points (a) to (f) of paragraph 1, and adds that the published aggregated data cover each national immovable property market for which such data have been collected.
Cited: Art. 430a, v1 (external, EUR-Lex) · Art. 430a, 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 430a
Specific reporting obligations
1. Institutions shall report to their competent authorities on an annual basis the following aggregate data for each national immovable property market to which they are exposed:
(a) losses stemming from exposures for which an institution has recognised residential property as collateral, in each case up to the lower of the pledged amount and 80 55 % of the market property value or 80 % of the mortgage lending value, residential property, unless otherwise decided under Article 124(2); 124(9), where applicable;
(b) overall losses stemming from exposures for which an institution has recognised residential property as collateral, in each case up to the part lower of the exposure treated as fully secured by pledged amount and 100 % of the property value of the residential property in accordance with Article 124(1); property;
(c) the exposure value of all outstanding exposures for which an institution has recognised residential property as collateral limited collateral, in each case up to the part treated as fully secured by lower of the pledged amount and 100 % of the property value of the residential property in accordance with Article 124(1); property;
(d) losses stemming from exposures for which an institution has recognised commercial immovable commercial property as collateral, in each case up to the lower of the pledged amount and 50 55 % of the market property value or 60 % of the mortgage lending value, commercial immovable property, unless otherwise decided under Article 124(2); 124(9), where applicable;
(e) overall losses stemming from exposures for which an institution has recognised commercial immovable commercial property as collateral, collateral in each case up to the part lower of the exposure treated as fully secured by pledged amount and 100 % of the property value of the commercial immovable commercial property in accordance with Article 124(1); property;
(f) the exposure value of all outstanding exposures for which an institution has recognised commercial immovable commercial property as collateral limited collateral, in each case up to the part treated as fully secured by lower of the pledged amount and 100 % of the property value of the commercial immovable commercial property in accordance with Article 124(1). property.
2. The data referred to in paragraph 1 shall be reported to the competent authority of the home Member State of the relevant institution. Where an institution has a branch in another Member State, the data relating to that branch shall also be reported to the competent authorities of the host Member State. The data shall be reported separately for each immovable property market within the Union to which the relevant institution is exposed.
3. The competent authorities shall publish annually on an aggregated basis the data specified in paragraph 1, points (a) to (f) of paragraph 1, (f), together with historical data, where available. available, for each national immovable property market for which such data have been collected. A competent authority shall, upon the request of another competent authority in a Member State or EBA EBA, provide to that competent authority or EBA more detailed information on the condition of the residential property or commercial immovable property markets in that Member State.