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New version applies from 19/07/2016 — introduced by Regulation (EU) 2016/1014. 247 provisions change. Later versions: 01/01/2018, 01/01/2019, 26/04/2019, 27/06/2019, 25/12/2019, 27/06/2020, 28/12/2020, 29/06/2021, 30/09/2021, 10/04/2022, 08/07/2022, 01/01/2023, 28/06/2023, 09/01/2024, 09/07/2024, 01/01/2025, 29/06/2025, 01/01/2026, 26/06/2026, 01/01/2027. Recital 41 changes in this version: compare with the current text.

Recital 41

Recital 41

(41)On 26 June 2004, the BCBS adopted a framework agreement on the international convergence of capital measurement and capital requirements (‘Basel II framework’). The provisions in Directives 2006/48/EC and 2006/49/EC that this Regulation has taken over are equivalent to the provisions of the Basel II framework. Consequently, by incorporating the supplementary elements of the Basel III framework this Regulation is equivalent to the provisions of the Basel II and III frameworks.

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