Version in force , Modified +1,316 −195§
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 heading changed from a general reference to disclosure of exposure to market risk to a heading specifying disclosure of exposures to market risk under the standardised approach, and the single unnumbered paragraph was replaced with two numbered paragraphs.
The prior text required disclosure of own funds requirements calculated under points (b) and (c) of Article 92(3) for each listed risk, plus separate disclosure for specific interest rate risk of securitisation positions, whereas the new paragraph 1 requires institutions without permission to use the alternative internal model approach under Article 325az, and using the simplified standardised approach under Article 325a or the alternative standardised approach under Part Three Title IV Chapter 1a, to disclose an overview of their trading book positions.
The new paragraph 2 requires institutions calculating own funds requirements under Part Three, Title IV, Chapter 1a to disclose total own funds requirements and requirements for the sensitivities-based method, default risk charge and residual risks, broken down by instrument category as set out in points (a), (b) and (c).
Cited: Art. 445, v1 (external, EUR-Lex) · Art. 445, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
texts differ too much for an inline diff; shown separately
Previous version, in force 9 July 2024 02013R0575-20240709
Article 445 Disclosure of exposure to market risk Institutions calculating their own funds requirements in accordance with points (b) and (c) of Article 92(3) shall disclose those requirements separately for each risk referred to in those points. In addition, own funds requirements for the specific interest rate risk of securitisation positions shall be disclosed separately.
this version, in force 1 January 2025 02013R0575-20250101
Article 445 Disclosure of exposures to market risk under the standardised approach 1. Institutions that have not been granted permission by competent authorities to use the alternative internal model approach as set out in Article 325az, and that use the simplified standardised approach in accordance with Article 325a or the alternative standardised approach in accordance with Part Three, Title IV, Chapter 1a, shall disclose an overview of their trading book positions. 2. Institutions calculating their own funds requirements in accordance with Part Three, Title IV, Chapter 1a, shall disclose their total own funds requirements, own funds requirements for the sensitivities-based method, default risk charge and own funds requirements for residual risks. The disclosure of own funds requirements for the measures of the sensitivities-based method and for default risk shall be broken down into the following instruments: (a) financial instruments other than securitisation instruments held in the trading book, with a breakdown by risk class, and a separate identification of the own funds requirements for default risk; (b) securitisation instruments not held in the ACTP, with a separate identification of the own funds requirements for credit spread risk and of the own funds requirements for default risk; (c) securitisation instruments held in the ACTP, with a separate identification of the own funds requirements for credit spread risk and of the own funds requirements for default risk.