Version in force , Modified +43 −10§
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 introductory sentence of Article 75(1) now also references point (a) of Article 72h alongside the previously listed points of Articles 45, 59 and 69.
The phrase describing when conditions are met changed from 'the following conditions are met' to 'all the following conditions are met', and the verb changed from 'shall be deemed to be met' to 'shall be considered to be met'.
Cited: Art. 75, v1 (external, EUR-Lex) · Art. 75, 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 75
Deduction and maturity requirements for short positions
The maturity requirements for short positions referred to in point (a) of Article 45, point (a) of Article 59 59, point (a) of Article 69 and point (a) of Article 69 72h shall be deemed considered to be met in respect of positions held where all the following conditions are met:
(a) the institution has the contractual right to sell on a specific future date to the counterparty providing the hedge the long position that is being hedged;
(b) the counterparty providing the hedge to the institution is contractually obliged to purchase from the institution on that specific future date the long position referred to in point (a).