Capital Requirements Regulation · 32013R0575 · every version of this act · on EUR-Lex (external, EUR-Lex)
4 changes recorded across 4 versions, newest first.
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Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
Paragraph 2 now refers to the EBA report as the one mentioned in paragraph 1 and adds that the Commission must take due account of the implementation in third countries of the internationally agreed standards developed by the BCBS before submitting any legislative proposal.
The paragraph also now specifies that any such legislative proposal would be submitted to the European Parliament and to the Council, whereas the earlier version did not name these recipients, and it restates the reference to the relevant sections and chapter of Part Three in a different order.
Cited: Art. 514, v2 (external, EUR-Lex) · Art. 514, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 January 2024 02013R0575-20240109 → this version, in force 9 July 2024 02013R0575-20240709
Article 514
Method for the calculation of the exposure value of derivative transactions
1. EBA shall, by 28 June 2023, report to the Commission on the impact and the relative calibration of the approaches set out in Sections 3, 4 and 5 of Chapter 6 of Title II of Part Three to calculate the exposure values of derivative transactions.
2. On the basis of the EBA report referred to in paragraph 1 and taking due account of the implementation in third countries of the internationally agreed standards developed by EBA, the BCBS, the Commission shall, where appropriate, submit a legislative proposal to the European Parliament and to the Council to amend the approaches set out in Part Three, Title II, Chapter 6, Sections 3, 4 and 5 of Chapter 6 of Title II of Part Three. 5.
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: no date changed
Explanation, written by a model and checked against the cited text
A new paragraph 2 has been added, stating that the Commission shall, on the basis of EBA's report, submit a legislative proposal where appropriate to amend the approaches set out in Sections 3, 4 and 5 of Chapter 6 of Title II of Part Three.
Paragraph 1, which requires EBA to report to the Commission by 28 June 2023, remains unchanged between the two versions.
Cited: Art. 514, v2 (external, EUR-Lex) · Art. 514, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Applies from: not readable (the text changed beyond its dates, so no date that moved can be read as the application date) why
dates added to the text: 2023-06-28 · dates removed: 2016-12-31
Explanation, written by a model and checked against the cited text
The article's heading changed from referring to counterparty credit risk and the Original Exposure Method to referring to the method for calculating the exposure value of derivative transactions.
The obligation was reassigned from the Commission reviewing and reporting on the application of Article 275 by 31 December 2016 to EBA reporting to the Commission by 28 June 2023 on the impact and relative calibration of the approaches in Sections 3, 4 and 5 of Chapter 6 of Title II of Part Three for calculating exposure values of derivative transactions.
The later text also introduces a numbered subparagraph (1) where the earlier text had none.
Cited: Art. 514, v1 (external, EUR-Lex) · Art. 514, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page
no amending act named
Applies from: no date changed
Explanation, written by a model and checked against the cited text
The heading's capitalization changed from 'Counterparty Credit Risk' to 'Counterparty credit risk', and a comma was added after the date '31 December 2016'.
Cited: Art. 514, v1 (external, EUR-Lex) · Art. 514, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page