The precise accounting technique to be used for the calculation of own funds, their adequacy for the risk to which a credit institution is exposed, and for the assessment of the concentration of exposures should take account of the provisions of Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions ( 6 ), which incorporates certain adaptations of the provisions of Seventh Council Directive 83/349/EEC of 13 June 1983 on consolidated accounts ( 7 ) or of Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards ( 8 ), whichever governs the accounting of the credit institutions under national law.
◷
New version applies from 09/12/2011 — introduced by Directive 2011/89/EU.
106 provisions change.
Later versions: 01/07/2013, 01/01/2014.
Recital 33 changes in this version: compare with the current text.