Capital Requirements Regulation · 32013R0575 · every version of this act · on EUR-Lex (external, EUR-Lex)
3 changes recorded across 3 versions, newest first.
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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)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
In paragraph 3(1), the reference to the total risk exposure amount calculation drops the mention of Article 92(4), now citing only Article 92(3).
Cited: Art. 72b, v1 (external, EUR-Lex) · Art. 72b, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 July 2024 02013R0575-20240709 → this version, in force 1 January 2025 02013R0575-20250101
Article 72b
Eligible liabilities instruments
1. Liabilities shall qualify as eligible liabilities instruments, provided that they comply with the conditions set out in this Article and only to the extent specified in this Article.
2. Liabilities shall qualify as eligible liabilities instruments, provided … 811 unchanged words … in paragraph 2 of this Article, the resolution authority may permit liabilities to qualify as eligible liabilities instruments up to an aggregate amount that does not exceed 3,5 % of the total risk exposure amount calculated in accordance with Article 92(3) and (4), 92(3), provided that:
(a) all the conditions set out in paragraph 2 except for the condition set out in point (d) of the first subparagraph of paragraph 2 are met;
(b) the liabilities rank pari passu with the lowest ranking excluded liabilities referred … 429 unchanged words … to the Commission by 28 December 2019.
Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.
Amended by Regulation (EU) 2022/2036 32022R2036 on EUR-Lex (external, EUR-Lex)
Applies from: no date changed
Explanation, written by a model and checked against the cited text
A new subparagraph is added at the end of paragraph 2, stating that for purposes of Article 92b, references to the resolution entity in points (c), (k), (l) and (m) of the first subparagraph of paragraph 2 are also to be understood as references to an institution that is a material subsidiary of a non-EU G-SII.
This sentence does not appear in the earlier version of the article, which ends paragraph 2 with the subordination-assessment text and does not mention Article 92b or non-EU G-SII subsidiaries.
Cited: Art. 72b, v2 (external, EUR-Lex) · Art. 72b, 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 (an inserted provision states its own application date only in prose) why
Explanation, written by a model and checked against the cited text
This is a newly inserted provision, Article 72b, setting out the conditions that liabilities must meet to qualify as eligible liabilities instruments, including issuance, ownership, subordination, absence of set-off rights, restrictions on early repayment, and contractual disclosure requirements.
It also establishes two discretionary allowances for a resolution authority to permit additional liabilities to count as eligible liabilities instruments up to specified thresholds, subject to conditions on ranking and legal-challenge risk, along with a requirement to consult the competent authority and a mandate for EBA to develop related regulatory technical standards.
Cited: Art. 72b, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, on this version's page