Version in force , Modified +68 −12§
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The condition on maturity in point (a)(i) now describes the short position's maturity date as being the same as or later than the long position's maturity date, or its residual maturity as being at least one year, rather than stating that the maturity of the short position matches the maturity of the long position or has a residual maturity of at least one year.
Cited: Art. 69, v1 (external, EUR-Lex) · Art. 69, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 26 April 2019 02013R0575-20190426 → this version, in force 27 June 2019 02013R0575-20190627
Article 69
Deduction of holdings of Tier 2 instruments of financial sector entities
Institutions shall make the deductions required by points (c) and (d) of Article 66 in accordance with the following:
(a) they may calculate direct, indirect and synthetic holdings of Tier 2 instruments of the financial sector entities on the basis of the net long position in the same underlying exposure provided that both the following conditions are met:
(i) the maturity date of the short position matches is either the same as, or later than the maturity date of the long position or has a the residual maturity of the short position is at least one year;
(ii) either both the long position and the short position are held in the trading book or both are held in the non-trading book;
(b) they shall determine the amount to be deducted for direct, indirect and synthetic holdings of index securities by looking through to the underlying exposure to the capital instruments of the financial sector entities in those indices.