BETA

58 Amendments of Barbara KAPPEL related to 2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7

Regulation (EU) No 575/2013
Article 11 – paragraph 2 a (new)

2 a. By way of derogation to paragraph 1 and 2, the consolidating supervisor may allow that institutions comply, to the extent and in the manner prescribed in Article 18, with the obligations laid down in Parts Two to Four and Parts Six to Eight of this Regulation and in Title VII of Directive 2013/36/EU on a different consolidated basis. Specifically, on a case- by-case basis, the consolidating supervisor may not consider the parent financial holding company or the parent mixed financial holding company as parent institution for the group, provided the following conditions are met: a) The articles of association of the parent financial holding company or the parent mixed financial holding company explicates that the parent financial holding company or the parent mixed financial holding cannot undertake management and coordination functions of their subsidiaries b) The parent financial holding company or the parent mixed financial holding company does not have any other significant investment than the institution or credit institution set forth in the following subparagraph c) There is a direct subsidiary in the same Member State of the parent financial holding company or the parent mixed financial holding company that: i. is not controlled by any credit institution or investment firm ii. undertakes management and coordination functions of the group Should the consolidating supervisor does not consider the parent financial holding company or the parent mixed financial holding company as parent institution for the group, the EU institution referred to subparagraph (c) shall be identified as the parent institution of the group.

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 10

Regulation (EU) No 575/2013
Article 18 – paragraph 4

4. The consolidating supervisor shall require the proportional consolidation according to the share of capital held of participations in institutions and financial institutions managed by an undertaking included in the consolidation or by the parent institutions, financial holding companies and mixed financial holding companies together with one or more undertakings not included in the consolidation, where the liability of those undertakings is limited to the share of the capital they hold.

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point c a (new)

Regulation (EU) No 575/2013
Article 52 – paragraph 1

(ca) In Article 52, paragraph 1, the following subparagraph 2 a is added: By way of derogation from Article 52(1), conditions (p), (q) and (r) shall not be applicable to instruments issued prior to [date of application of the Regulation amending CRR]. Such instruments shall qualify as Additional Tier 1 Capital until the maturity date.

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point d a (new)

Regulation (EU) No 575/2013
Article 63 – subparagraph 1 a (new)

(da) In Article 63, the following new subparagraph 1 a is added: "By way of derogation from paragraph 1, conditions (n), (o) and (p) shall not apply to instruments issued prior to [date of application of this Regulation]. Such items shall qualify as Tier 2 instruments until the maturity date."

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

Regulation (EU) No 575/2013
Article 72a – paragraph 1 – point ba (new)

(ba) Minority interests related to Common Equity Tier 1, Additional Tier 1 and Tier 2 items not included in consolidated own funds.

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point h

(h) the provisions governing the liabilities do not include any incentive for their principal amount to be called, redeemed, repurchased prior to their maturity or repaid early by the institution, as applicable;deleted

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point j

~~(j) where the liabilities include one or more call options or early repayment options, as applicable, the options are exercisable at the sole discretion of the issuer;~~deleted

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point k

~~(k) the liabilities may only be called, redeemed, repurchased or repaid early where the conditions laid down in Articles 77 and 78 are met;~~deleted

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

(l) the provisions governing the liabilities do not indicate explicitly or implicitly that the liabilities would or might be called, redeemed, repurchased or repaid early, as applicable by the resolution entity other than in case of the insolvency or liquidation of the institution and the institution does not otherwise provide such an indication;deleted

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point m

(m) the provisions governing the liabilities do not give the holder the right to accelerate the future scheduled payment of interest or principal, other than in case of the insolvency or liquidation of the resolution entity;deleted

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 27

Regulation (EU) No 575/2013
Article 72b – paragraph 2 – subparagraph 1 a (new)

By way of derogation from this paragraph and Articles 72b (3)(a) and 72(b) (4)(b) below, instruments issued by entities referred to in points (a), (b), (c) and (d) of Article 1 (1) of Directive 2014/59/EU prior to [date of application of the Regulation amending CRR] shall qualify as eligible liabilities instruments where they at least meet the conditions laid down in points (a), (b), (c), (d)and (e) provided that they do not need to meet point (d) for the purpose of Article 45b of Directive 2014/59/EU. Such instruments shall qualify as eligible until 5 years from the issuing date.

2018/02/02
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 32

Regulation (EU) No 575/2013
Article 77 – heading

Article 77 Conditions for reducing own funds ~~and eligible liabilities~~

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 32

Regulation (EU) No 575/2013
Article 77 – point b

~~(b)~~ effect the call, redemption, ~~(b)~~ repayment or repurchase of Additional Tier 1, Tier 2 ~~or eligible liabilities~~ instruments as applicable, prior to the date of their contractual maturity..

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 33

Regulation (EU) No 575/2013
Article 78 – paragraph 1 – introductory part

The competent authority shall grant permission for an institution to reduce, repurchase, call or redeem Common Equity Tier 1, Additional Tier 1, Tier 2 ~~or eligible liabilities~~ instruments where either of the following conditions is met:

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 33

Regulation (EU) No 575/2013
Article 78 – paragraph 1 – point a

(a) earlier than or at the same time as the action referred to in Article 77, the institution replaces the instruments referred to in Article 77 with own ~~funds or eligible liabilities~~ instruments of equal or higher quality at terms that are sustainable for the income capacity of the institution;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 33

Regulation (EU) No 575/2013
Article 78 – paragraph 1 – subparagraph 3

Where an institution provides sufficient safeguards as to its capacity to operate with own funds above the amount of the requirements laid down in this Regulation, in Directive 2013/36/EU and in Directive 2014/59/EU, the resolution authority, after consulting the competent authority, may grant a general prior permission to that institution to effect calls, redemptions, repayments or repurchases of eligible liabilities instruments, subject to criteria that ensure that any such future actions will be in accordance with the conditions laid down in points (a) and (b) of this paragraph. This general prior permission shall be granted only for a certain time period, which shall not exceed one year, after which it may be renewed. The general prior permission shall only be granted for a certain predetermined amount, which shall be set by the resolution authority. Resolution authorities shall inform the competent authorities about any general prior permission granted.deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 33

Regulation (EU) No 575/2013
Article 78 – paragraph 1 – subparagraph 4

Where an institution provides sufficient safeguards as to its capacity to operate with own funds above the amount of the requirements laid down in this Regulation, in Directive 2013/36/EU and in Directive 2014/59/EU, the competent authority, after consulting the resolution authority, may grant that institution a general prior permission to that institution to effect calls, redemptions, repayments or repurchases of eligible liabilities instruments, subject to criteria that ensure that any such future actions will be in accordance with the conditions laid down in points (a) and (b) of this paragraph. This general prior permission shall be granted only for a certain time period, which shall not exceed one year, after which it may be renewed. The general prior permission shall be granted for a certain predetermined amount, which shall be set by the competent authority. In case of Common Equity Tier 1 instruments, that predetermined amount shall not exceed 3% of the relevant issue and shall not exceed 10 % of the amount by which Common Equity Tier 1 capital exceeds the sum of the Common Equity Tier 1 capital requirements laid down in this Regulation, in Directive 2013/36/EU and in Directive 2014/59/EU by a margin that the competent authority considers necessary. In case of Additional Tier 1 instruments or Tier 2 instruments, that predetermined amount shall not exceed 10% of the relevant issue and shall not exceed 3 % of the total amount of outstanding Additional Tier 1 instruments or Tier 2 instruments, as applicable. In case of eligible liabilities instruments, the predetermined amount shall be set by the by the resolution authority after it has consulted the competent authority.deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 33

Regulation (EU) No 575/2013
Article 78 – paragraph 1 – subparagraph 5

~~Competent authorities shall withdraw the general prior permission where an institution breaches any of the criteria provided for the purposes of that permission.~~deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 35 – point a

Regulation (EU) No 575/2013
Article 80 – title

Continuing review of the quality of own funds ~~and eligible liabilities~~;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 35 – point b

Regulation (EU) No 575/2013
Article 80 – paragraph 1 – subparagraph 1

EBA shall monitor the quality of own funds ~~and eligible liabilities instruments~~ issued by institutions across the Union and shall notify the Commission immediately where there is significant evidence that those instruments do not meet the respective eligibility criteria set out in this Regulation.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 35 – point b

Regulation (EU) No 575/2013
Article 80 – paragraph 1 – subparagraph 2

Competent authorities shall, without delay and upon request by EBA, forward all information to EBA that EBA considers relevant concerning new capital instruments or new types of liabilities issued in order to enable EBA to monitor the quality of own funds and ~~eligible liabilities instruments~~ issued by institutions across the Union.;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 48

Regulation (EU) No 575/2013
Article 104 – paragraph 2 – point e

(e) financial assets or liabilities ~~measured at fair value~~held as accounting trading assets or liabilities;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 54

Regulation (EU) No 575/2013
Article 132 – paragraph 1

1. Institutions shall calculate the risk- weighted exposure amount for their exposures in the form of units or shares in a CIU by multiplying thaverage risk- weight~~ed exposure amount of the CIU's exposures~~, calculated in accordance with the approaches referred to in the first subparagraph of paragraph 2, with the ~~percentag~~accounting value of units or shares held by those institutions.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 54

Regulation (EU) No 575/2013
Article 132 – paragraph 3 – introductory part

3. Institutions may determine the average risk weight~~ed exposure amount of r a CIU's exposures~~ in accordance with the approaches set out in Article 132a where all of the following conditions are met:

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 54

(iii) where the institution applies the look-through approach, information about the underlying exposures is verified by an independent third party on an annual basis.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 83

Regulation (EU) No 575/2013
Article 325 a – paragraph 1 – introductory part

1. An institution may calculate the own funds requirements for market risks with the approach referred to in point (c) of Article 325(1) provided that the size of the institution’s on- and off-balance sheet business subject to market risks is equal to or less than the higher of the following thresholds on the basis of an assessment carried out on a monthly basis:

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 108 – point b

Regulation (EU) No 575/2013
Article 416 – paragraph 5 – subparagraph 1

Shares or units in CIUs may be treated as liquid assets up to an absolute amount of EUR 500 million in the portfolio of liquid assets of each institution provided that the requirements in Article 132(3) are met and that the CIU, apart from derivatives to mitigate interest rate or credit or currency risk, ~~only~~ invests in liquid assets as referred to in paragraph 1 of this Article.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 f – paragraph 2 – introductory part

2. Assets and liabilities directly linked to the following products or services shall be considered to meet the conditions of paragraph 1 and be considered a~~s interdependent~~t both the individual and consolidated levels :

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 f – paragraph 2 – point c

(c) covered bonds as referred to in Article 52(4) of Directive 2009/65/EC; or that meet the eligibility requirements for the treatment set out in Article 129(4) or (5), and (7) of the Regulation (EU) No 575/2013;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 h – paragraph 1 – introductory part

1. By way of derogation from Article 428g and from Chapters 3 and 4 of this Title, competent authorities ~~may on a case- by-case basis~~shall authorise institutions to apply a higher available stable funding factor or a lower required stable funding factor to assets, liabilities and committed credit or liquidity facilities where all of the following conditions are fulfilled:

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 h – paragraph 1 – point a – point v a (new)

(va) the counterparty is located within the same Member State or in a different Member State;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 h – paragraph 1 – point b

(b) there are reasons to expect that the liability or committed credit or liquidity facility received constitutes a more stable source of funding or that the asset or committed credit or liquidity facility granted requires less stable funding within the one-year horizon of the net stable funding ratio than the same liability, asset or committed credit or liquidity facility with other counterparties;deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 h – paragraph 2

2. Where the institution and the counterparty are established in different Member States, competent authorities may waive the condition set out in point (d) of paragraph 1 where, in addition to the criteria set out in paragraph 1, the following criteria are fulfilled: (a) agreements and commitments between group entities regarding the liability, asset or committed credit or liquidity facility; (b) low funding risk profile; (c) funding receiver has been adequately taken into account in the liquidity risk management of the funding provider. The competent authorities shall consult each other in accordance with point (b) of Article 20(1) to determine whether the additional criteria set out in this paragraph are met.deleted there are legally binding the funding provider presents a the funding risk profile of the

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 q – paragraph 1 a (new)

1a. The residual maturity of assets with an undefined contractual end date is the date at which the contract allows the credit institution to withdraw or to request payment.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 q – paragraph 1 b (new)

1b. Securities contractually hedging a derivative have the maturity of the derivative.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 q – paragraph 5 a (new)

5a. When calculating the residual maturity of an asset with an early termination where the option to withdraw the money is exercisable at the discretion of both parts, the institution shall consider the asset at the maturity of the date in which the option can be exercised.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 r – paragraph 1 – point a a (new)

(aa) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3), where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation , and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 r – paragraph 1 – point a b (new)

(ab) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3) with regulated financial customers, where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 s – point b

(b) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3) with financial customers, where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation , and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 s – point d

(d) all trade finance off-balance sheet related products as referred to in Article 111(1) of this Regulation ~~with a residual maturity of less than six months~~.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

~~(d) trade finance off-balance sheet related products as referred to in Article 111(1) with a residual maturity of minimum six months and less than one year.~~deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 w – point b

~~(b) trade finance off-balance sheet related products as referred to in Article 111(1)with a residual maturity of one year or more.~~deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 x – paragraph 3 – point a a (new)

(aa) trade finance on-balance sheet related products with a residual maturity of minimum six months and less than one year;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 a c – point e

~~(e) trade finance on-balance sheet related products with a residual maturity of minimum six months and less than one year;~~deleted

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 a c – point g a (new)

(ga) those assets referred in Article 428af that have been purchased with the intent of being sold within one year;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 a e – point b a (new)

(ba) any assets other than those referred to in Articles 428r to 428af, including loans to financial customers having a residual contractual maturity of one year or more when collateralized by Level 1 high quality liquid assets in accordance with Article10 of Delegated Regulation (EU) 2015/61.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 a f – point f

(f) unencumbered exchange-traded equities that are not eligible as Level 2B assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 unless they have been purchased with the intent of being sold within one year;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 a f – point g

(g) physical traded commodities, including gold but excluding commodity derivatives, unless they have been purchased with the intent of being sold within one year.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 114

Regulation (EU) No 575/2013
Article 428 a f – point g a (new)

(ga) any assets other than those referred to in Articles 428r to 428af, including loans to financial customers having a residual contractual maturity of one year or more when collateralized by Level 2 liquid assets in accordance with Article 10 of Delegated Regulation (EU) 2015/6.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point b

(b) the exposure is to an entity or – under specific conditions – to an affiliated holding company which was created specifically to finance or operate physical structures or facilities, systems and networks that provide or support essential public services; the entity can be an affiliated holding company structure if the sources, use and purpose of the loan is adequately fixed by contractual obligations and the cash-flows for repayment are adequately separated and controlled.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point c

(c) the primary source of repayment of the obligation is the income generated by or associated with the assets being financed (i.e. including concession based business), rather than the independent capacity of a broader commercial enterprise;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point d

(d) the obligor can meet its financial obligations even under ~~severely~~ stressed ~~condit~~scenarions that are relevant for the risk of the project;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point i

(i) where the revenues of the obligor are not funded by payments from a large number of users, the revenues are covered by law or the contractual arrangements shall include provisions that effectively protect lenders against losses resulting from the termination of the project by the party which agrees to purchase the goods or services provided by the obligor;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point ii

(ii) the obligor has sufficient reserve funds fully funded in cash or other financial arrangements with ~~high~~adequately rated guarantors to cover the contingency funding and working capital requirements cover ~~lifetime~~ing a substantial tenor of the financing of the assets referred to in point b) of this paragraph. The guarantor should have an ECAI rating with a credit quality step of at least 3, or a corresponding internal rating, at the time of the financing. A credit quality step of 4 should be allowed when tariffs are fixed by law;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point iii

(iii) the lenders have a substantial degree of control over the assets and the income generated by the obligor; to be ensured by adequate contractual covenants;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 127

Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point v

(v) equity is pledged to lenders ~~such that they are able~~or other measures (e.g. step-in rights) are agreed in order to ensure ability to take control of the entity upon default;

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 128

Regulation (EU) No 575/2013
Article 507 – introductory part

(128) Article 507 is ~~replaced by the following:~~deleted.

2018/02/05
Committee: ECON

Proposal for a regulation
Article 1 – paragraph 1 – point 128

Regulation (EU) No 575/2013
Article 507

The EBA shall monitor the use of exemptions set out in Article 390 (6) and Article 400 (1) and Article 400(2) and by [one year after entry into force of the amending Regulation] submit a report to the Commission assessing the quantitative impact that the removal of those exemptions or the setting of a limit on their use would have. The report shall assess, in particular, for each exemption provided for in those Articles: (a) exempted in each Member State; (b) make use of the exemption in each Member State; (c) exempted in each Member State.;deleted the number of large exposures the number of institutions that the aggregate amount of exposures

2018/02/05
Committee: ECON