Art. 495p · Transitional provisions on own funds requirements for residual risk add-on under the alternative standardised approach

Version in force 1 January 2027, Inserted +871 −0§

Amended by Regulation (EU) 2026/1221 32026R1221 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 and the amending act's instructions do not mention it. Only the text comparison found it. All are shown; none is overruled.

Explanation, written by a model and checked against the cited text

A new Article 495p is added, setting out transitional provisions under which institutions apply a multiplier of 0 to own funds requirements for residual risks calculated under Article 325u for certain instruments, namely those referencing future realised volatility, options exercisable on a finite set of predetermined dates, and options on the difference between two constant maturity swap rates in the same currency, provided in each case that they would not otherwise attract a residual risk add-on.

The text states this multiplier applies until 31 December 2029.

Cited: Art. 495p, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 495p
Transitional provisions on own funds requirements for residual risk add-on under the alternative standardised approach
By way of derogation from Article 325u and until 31 December 2029, institutions shall apply a multiplier equal to 0 to the own funds requirements for residual risks calculated in accordance with that Article for the following instruments:
(a) instruments that reference future realised volatility as an underlying and that would not attract a residual risk add-on for other reasons;
(b) instruments that are options that can be exercised on a finite set of predetermined dates and that would not attract a residual risk add-on for other reasons;
(c) instruments that are options on the difference between two constant maturity swap rates denominated in the same currency and that would not attract a residual risk add-on for other reasons.