Version in force , Inserted +660 −0§
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
A new Article 519b has been added, setting out two reporting obligations: EBA is to report by 30 September 2019 on the impact on Union institutions of international standards for calculating own funds requirements for market risk.
It further provides that, by 30 June 2020, the Commission is to submit a report, together with a legislative proposal where appropriate, to the European Parliament and the Council on implementing international standards on own funds requirements for market risk, taking into account the EBA report and the approaches in Chapters 1a and 1b of Title IV of Part Three.
Cited: Art. 519b, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex
Inserted in this version 02013R0575-20190627
Article 519b Own funds requirements for market risk 1. By 30 September 2019, EBA shall report on the impact, on institutions in the Union, of international standards to calculate the own funds requirements for market risk. 2. By 30 June 2020, the Commission shall, taking into account the results of the report referred to in paragraph 1 and the international standards and the approaches set out in Chapters 1a and 1b of Title IV of Part Three, submit a report together with a legislative proposal, where appropriate, to the European Parliament and to the Council on how to implement international standards on adequate own funds requirements for market risk.