What changes on 28/06/2013

The text in force from 24/12/2003 compared with the text from 28/06/2013.

Read the act as of 28/06/2013 · other versions: 28/06/2023 · 09/01/2024 · 09/07/2024 · 01/01/2025 · 29/06/2025 · 01/01/2026 · 26/06/2026 · 01/01/2027

Part I › Title I

• inserted Article 1 - Scope
• inserted Article 2 - Supervisory powers
• inserted Article 3 - Application of stricter requirements by institutions
• inserted Article 4 - Definitions
• inserted Article 5 - Definitions specific to capital requirements for credit risk

Part I › Title II › Chapter 1

• inserted Article 6 - General principles
• inserted Article 7 - Derogation from the application of prudential requirements on an individual basis
• inserted Article 8 - Derogation from the application of liquidity requirements on an individual basis
• inserted Article 9 - Individual consolidation method
• inserted Article 10 - Waiver for credit institutions permanently affiliated to a central body

Part I › Title II › Chapter 2 › Section 1

• inserted Article 11 - General treatment
• inserted Article 12 - Financial holding company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm
• inserted Article 13 - Application of disclosure requirements on a consolidated basis
• inserted Article 14 - Application of requirements of Part Five on a consolidated basis
• inserted Article 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms
• inserted Article 16 - Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms
• inserted Article 17 - Supervision of investment firms waived from the application of own funds requirements on a consolidated basis

Part I › Title II › Chapter 2 › Section 2

• inserted Article 18 - Methods for prudential consolidation

Part I › Title II › Chapter 2 › Section 3

• inserted Article 19 - Entities excluded from the scope of prudential consolidation
• inserted Article 20 - Joint decisions on prudential requirements
• inserted Article 21 - Joint decisions on the level of application of liquidity requirements
• inserted Article 22 - Sub-consolidation in cases of entities in third countries
• inserted Article 23 - Undertakings in third countries
• inserted Article 24 - Valuation of assets and off-balance sheet items

Part II › Title I › Chapter 1

• inserted Article 25 - Tier 1 capital

Part II › Title I › Chapter 2 › Section 1

• inserted Article 26 - Common Equity Tier 1 items
• inserted Article 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items
• inserted Article 28 - Common Equity Tier 1 instruments
• inserted Article 29 - Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions
• inserted Article 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met
• inserted Article 31 - Capital instruments subscribed by public authorities in emergency situations

Part II › Title I › Chapter 2 › Section 2

• inserted Article 32 - Securitised assets
• inserted Article 33 - Cash flow hedges and changes in the value of own liabilities
• inserted Article 34 - Additional value adjustments
• inserted Article 35 - Unrealised gains and losses measured at fair value

Part II › Title I › Chapter 2 › Section 3 › Subsection 1

• inserted Article 36 - Deductions from Common Equity Tier 1 items
• inserted Article 37 - Deduction of intangible assets
• inserted Article 38 - Deduction of deferred tax assets that rely on future profitability
• inserted Article 39 - Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability
• inserted Article 40 - Deduction of negative amounts resulting from the calculation of expected loss amounts
• inserted Article 41 - Deduction of defined benefit pension fund assets
• inserted Article 42 - Deduction of holdings of own Common Equity Tier 1 instruments
• inserted Article 43 - Significant investment in a financial sector entity
• inserted Article 44 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
• inserted Article 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities
• inserted Article 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity
• inserted Article 47 - Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity

Part II › Title I › Chapter 2 › Section 3 › Subsection 2

• inserted Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items
• inserted Article 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied

Part II › Title I › Chapter 2 › Section 4

• inserted Article 50 - Common Equity Tier 1 capital

Part II › Title I › Chapter 3 › Section 1

• inserted Article 51 - Additional Tier 1 items
• inserted Article 52 - Additional Tier 1 instruments
• inserted Article 53 - Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution
• inserted Article 54 - Write down or conversion of Additional Tier 1 instruments
• inserted Article 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be met

Part II › Title I › Chapter 3 › Section 2

• inserted Article 56 - Deductions from Additional Tier 1 items
• inserted Article 57 - Deductions of holdings of own Additional Tier 1 instruments
• inserted Article 58 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
• inserted Article 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities
• inserted Article 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entity

Part II › Title I › Chapter 3 › Section 3

• inserted Article 61 - Additional Tier 1 capital

Part II › Title I › Chapter 4 › Section 1

• inserted Article 62 - Tier 2 items
• inserted Article 63 - Tier 2 instruments
• inserted Article 64 - Amortisation of Tier 2 instruments
• inserted Article 65 - Consequences of the conditions for Tier 2 instruments ceasing to be met

Part II › Title I › Chapter 4 › Section 2

• inserted Article 66 - Deductions from Tier 2 items
• inserted Article 67 - Deductions of holdings of own Tier 2 instruments
• inserted Article 68 - Deduction of holdings of Tier 2 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
• inserted Article 69 - Deduction of holdings of Tier 2 instruments of financial sector entities
• inserted Article 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity

Part II › Title I › Chapter 4 › Section 3

• inserted Article 71 - Tier 2 capital

Part II › Title I › Chapter 5

• inserted Article 72 - Own funds

Part II › Title I › Chapter 6

• inserted Article 73 - Distributions on own funds instruments
• inserted Article 74 - Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital
• inserted Article 75 - Deduction and maturity requirements for short positions
• inserted Article 76 - Index holdings of capital instruments
• inserted Article 77 - Conditions for reducing own funds
• inserted Article 78 - Supervisory permission for reducing own funds
• inserted Article 79 - Temporary waiver of deduction from own funds
• inserted Article 80 - Continuing review of quality of own funds

Part II › Title II

• inserted Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital
• inserted Article 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds
• inserted Article 83 - Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entity
• inserted Article 84 - Minority interests included in consolidated Common Equity Tier 1 capital
• inserted Article 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capital
• inserted Article 86 - Qualifying Tier 1 capital included in consolidated Additional Tier 1 capital
• inserted Article 87 - Qualifying own funds included in consolidated own funds
• inserted Article 88 - Qualifying own funds instruments included in consolidated Tier 2 capital

Part II › Title III

• inserted Article 89 - Risk weighting and prohibition of qualifying holdings outside the financial sector
• inserted Article 90 - Alternative to 1 250 % risk weight
• inserted Article 91 - Exceptions

Part III › Title I › Chapter 1 › Section 1

• inserted Article 92 - Own funds requirements
• inserted Article 93 - Initial capital requirement on going concern
• inserted Article 94 - Derogation for small trading book business

Part III › Title I › Chapter 1 › Section 2

• inserted Article 95 - Own funds requirements for investment firms with limited authorisation to provide investment services
• inserted Article 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EU
• inserted Article 97 - Own Funds based on Fixed Overheads
• inserted Article 98 - Own funds for investment firms on a consolidated basis

Part III › Title I › Chapter 2

• inserted Article 99 - Reporting on own funds requirements and financial information
• inserted Article 100 - Additional reporting requirements
• inserted Article 101 - Specific reporting obligations

Part III › Title I › Chapter 3

• inserted Article 102 - Requirements for the trading book
• inserted Article 103 - Management of the trading book
• inserted Article 104 - Inclusion in the trading book
• inserted Article 105 - Requirements for prudent valuation
• inserted Article 106 - Internal Hedges

Part III › Title II › Chapter 1

• inserted Article 107 - Approaches to credit risk
• inserted Article 108 - Use of credit risk mitigation technique under the Standardised Approach and the IRB Approach
• inserted Article 109 - Treatment of securitised exposures under the Standardised Approach and the IRB Approach
• inserted Article 110 - Treatment of credit risk adjustment

Part III › Title II › Chapter 2 › Section 1

• inserted Article 111 - Exposure value
• inserted Article 112 - Exposure classes
• inserted Article 113 - Calculation of risk-weighted exposure amounts

Part III › Title II › Chapter 2 › Section 2

• inserted Article 114 - Exposures to central governments or central banks
• inserted Article 115 - Exposures to regional governments or local authorities
• inserted Article 116 - Exposures to public sector entities
• inserted Article 117 - Exposures to multilateral development banks
• inserted Article 118 - Exposures to international organisations
• inserted Article 119 - Exposures to institutions
• inserted Article 120 - Exposures to rated institutions
• inserted Article 121 - Exposures to unrated institutions
• inserted Article 122 - Exposures to corporates
• inserted Article 123 - Retail exposures
• inserted Article 124 - Exposures secured by mortgages on immovable property
• inserted Article 125 - Exposures fully and completely secured by mortgages on residential property
• inserted Article 126 - Exposures fully and completely secured by mortgages on commercial immovable property
• inserted Article 127 - Exposures in default
• inserted Article 128 - Items associated with particular high risk
• inserted Article 129 - Exposures in the form of covered bonds
• inserted Article 130 - Items representing securitisation positions
• inserted Article 131 - Exposures to institutions and corporates with a short-term credit assessment
• inserted Article 132 - Exposures in the form of units or shares in CIUs
• inserted Article 133 - Equity exposures
• inserted Article 134 - Other items

Part III › Title II › Chapter 2 › Section 3 › Subsection 1

• inserted Article 135 - Use of credit assessments by ECAIs

Part III › Title II › Chapter 2 › Section 3 › Subsection 2

• inserted Article 136 - Mapping of ECAI's credit assessments

Part III › Title II › Chapter 2 › Section 3 › Subsection 3

• inserted Article 137 - Use of credit assessments by export credit agencies

Part III › Title II › Chapter 2 › Section 4

• inserted Article 138 - General requirements
• inserted Article 139 - Issuer and issue credit assessment
• inserted Article 140 - Long-term and short-term credit assessments
• inserted Article 141 - Domestic and foreign currency items

Part III › Title II › Chapter 3 › Section 1

• inserted Article 142 - Definitions
• inserted Article 143 - Permission to use the IRB Approach
• inserted Article 144 - Competent authorities' assessment of an application to use an IRB Approach
• inserted Article 145 - Prior experience of using IRB approaches
• inserted Article 146 - Measures to be taken where the requirements of this Chapter cease to be met
• inserted Article 147 - Methodology to assign exposures to exposure classes
• inserted Article 148 - Conditions for implementing the IRB Approach across different classes of exposure and business units
• inserted Article 149 - Conditions to revert to the use of less sophisticated approaches
• inserted Article 150 - Conditions for permanent partial use

Part III › Title II › Chapter 3 › Section 2 › Subsection 1

• inserted Article 151 - Treatment by exposure class
• inserted Article 152 - Treatment of exposures in the form of units or shares in CIUs

Part III › Title II › Chapter 3 › Section 2 › Subsection 2

• inserted Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks
• inserted Article 154 - Risk-weighted exposure amounts for retail exposures
• inserted Article 155 - Risk-weighted exposure amounts for equity exposures
• inserted Article 156 - Risk-weighted exposure amounts for other non credit-obligation assets

Part III › Title II › Chapter 3 › Section 2 › Subsection 3

• inserted Article 157 - Risk-weighted exposure amounts for dilution risk of purchased receivables

Part III › Title II › Chapter 3 › Section 3

• inserted Article 158 - Treatment by exposure type
• inserted Article 159 - Treatment of expected loss amounts

Part III › Title II › Chapter 3 › Section 4 › Subsection 1

• inserted Article 160 - Probability of default (PD)
• inserted Article 161 - Loss Given Default (LGD)
• inserted Article 162 - Maturity

Part III › Title II › Chapter 3 › Section 4 › Subsection 2

• inserted Article 163 - Probability of default (PD)
• inserted Article 164 - Loss Given Default (LGD)

Part III › Title II › Chapter 3 › Section 4 › Subsection 3

• inserted Article 165 - Equity exposures subject to the PD/LGD method

Part III › Title II › Chapter 3 › Section 5

• inserted Article 166 - Exposures to corporates, institutions, central governments and central banks and retail exposures
• inserted Article 167 - Equity exposures
• inserted Article 168 - Other non credit-obligation assets

Part III › Title II › Chapter 3 › Section 6 › Subsection 1

• inserted Article 169 - General principles
• inserted Article 170 - Structure of rating systems
• inserted Article 171 - Assignment to grades or pools
• inserted Article 172 - Assignment of exposures
• inserted Article 173 - Integrity of assignment process
• inserted Article 174 - Use of models
• inserted Article 175 - Documentation of rating systems
• inserted Article 176 - Data maintenance
• inserted Article 177 - Stress tests used in assessment of capital adequacy

Part III › Title II › Chapter 3 › Section 6 › Subsection 2

• inserted Article 178 - Default of an obligor
• inserted Article 179 - Overall requirements for estimation
• inserted Article 180 - Requirements specific to PD estimation
• inserted Article 181 - Requirements specific to own-LGD estimates
• inserted Article 182 - Requirements specific to own-conversion factor estimates
• inserted Article 183 - Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures
• inserted Article 184 - Requirements for purchased receivables

Part III › Title II › Chapter 3 › Section 6 › Subsection 3

• inserted Article 185 - Validation of internal estimates

Part III › Title II › Chapter 3 › Section 6 › Subsection 4

• inserted Article 186 - Own funds requirement and risk quantification
• inserted Article 187 - Risk management process and controls
• inserted Article 188 - Validation and documentation

Part III › Title II › Chapter 3 › Section 6 › Subsection 5

• inserted Article 189 - Corporate Governance
• inserted Article 190 - Credit risk control
• inserted Article 191 - Internal Audit

Part III › Title II › Chapter 4 › Section 1

• inserted Article 192 - Definitions
• inserted Article 193 - Principles for recognising the effect of credit risk mitigation techniques
• inserted Article 194 - Principles governing the eligibility of credit risk mitigation techniques

Part III › Title II › Chapter 4 › Section 2 › Subsection 1

• inserted Article 195 - On-balance sheet netting
• inserted Article 196 - Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions
• inserted Article 197 - Eligibility of collateral under all approaches and methods
• inserted Article 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method
• inserted Article 199 - Additional eligibility for collateral under the IRB Approach
• inserted Article 200 - Other funded credit protection

Part III › Title II › Chapter 4 › Section 2 › Subsection 2

• inserted Article 201 - Eligibility of protection providers under all approaches
• inserted Article 202 - Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)
• inserted Article 203 - Eligibility of guarantees as unfunded credit protection

Part III › Title II › Chapter 4 › Section 2 › Subsection 3

• inserted Article 204 - Eligible types of credit derivatives

Part III › Title II › Chapter 4 › Section 3 › Subsection 1

• inserted Article 205 - Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206
• inserted Article 206 - Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactions
• inserted Article 207 - Requirements for financial collateral
• inserted Article 208 - Requirements for immovable property collateral
• inserted Article 209 - Requirements for receivables
• inserted Article 210 - Requirements for other physical collateral
• inserted Article 211 - Requirements for treating lease exposures as collateralised
• inserted Article 212 - Requirements for other funded credit protection

Part III › Title II › Chapter 4 › Section 3 › Subsection 2

• inserted Article 213 - Requirements common to guarantees and credit derivatives
• inserted Article 214 - Sovereign and other public sector counter-guarantees
• inserted Article 215 - Additional requirements for guarantees
• inserted Article 216 - Additional requirements for credit derivatives
• inserted Article 217 - Requirements to qualify for the treatment set out in Article 153(3)

Part III › Title II › Chapter 4 › Section 4 › Subsection 1

• inserted Article 218 - Credit linked notes
• inserted Article 219 - On-balance sheet netting
• inserted Article 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements
• inserted Article 221 - Using the internal models approach for master netting agreements
• inserted Article 222 - Financial Collateral Simple Method
• inserted Article 223 - Financial Collateral Comprehensive Method
• inserted Article 224 - Supervisory volatility adjustment under the Financial Collateral Comprehensive Method
• inserted Article 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method
• inserted Article 226 - Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method
• inserted Article 227 - Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method
• inserted Article 228 - Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive method
• inserted Article 229 - Valuation principles for other eligible collateral under the IRB Approach
• inserted Article 230 - Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach
• inserted Article 231 - Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateral
• inserted Article 232 - Other funded credit protection

Part III › Title II › Chapter 4 › Section 4 › Subsection 2

• inserted Article 233 - Valuation
• inserted Article 234 - Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching
• inserted Article 235 - Calculating risk-weighted exposure amounts under the Standardised Approach
• inserted Article 236 - Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach

Part III › Title II › Chapter 4 › Section 5

• inserted Article 237 - Maturity mismatch
• inserted Article 238 - Maturity of credit protection
• inserted Article 239 - Valuation of protection

Part III › Title II › Chapter 4 › Section 6

• inserted Article 240 - First-to-default credit derivatives
• inserted Article 241 - Nth-to-default credit derivatives

Part III › Title II › Chapter 5 › Section 1

• inserted Article 242 - Definitions

Part III › Title II › Chapter 5 › Section 2

• inserted Article 243 - Traditional securitisation
• inserted Article 244 - Synthetic securitisation

Part III › Title II › Chapter 5 › Section 3 › Subsection 1

• inserted Article 245 - Calculation of risk-weighted exposure amounts
• inserted Article 246 - Exposure value
• inserted Article 247 - Recognition of credit risk mitigation for securitisation positions
• inserted Article 248 - Implicit support

Part III › Title II › Chapter 5 › Section 3 › Subsection 2

• inserted Article 249 - General treatment
• inserted Article 250 - Treatment of maturity mismatches in synthetic securitisations

Part III › Title II › Chapter 5 › Section 3 › Subsection 3

• inserted Article 251 - Risk-weights
• inserted Article 252 - Originator and sponsor institutions
• inserted Article 253 - Treatment of unrated positions
• inserted Article 254 - Treatment of securitisation positions in a second loss tranche or better in an ABCP programme
• inserted Article 255 - Treatment of unrated liquidity facilities
• inserted Article 256 - Additional own funds requirements for securitisations of revolving exposures with early amortisation provisions
• inserted Article 257 - Credit risk mitigation for securitisation positions subject to the Standardised Approach
• inserted Article 258 - Reduction in risk-weighted exposure amounts

Part III › Title II › Chapter 5 › Section 3 › Subsection 4

• inserted Article 259 - Hierarchy of methods
• inserted Article 260 - Maximum risk-weighted exposure amounts
• inserted Article 261 - Ratings Based Method
• inserted Article 262 - Supervisory Formula Method
• inserted Article 263 - Liquidity Facilities
• inserted Article 264 - Credit risk mitigation for securitisation positions subject to the IRB Approach
• inserted Article 265 - Additional own funds requirements for securitisations of revolving exposures with early amortisation provisions
• inserted Article 266 - Reduction in risk-weighted exposure amounts

Part III › Title II › Chapter 5 › Section 4

• inserted Article 267 - Use of Credit Assessments by ECAIs
• inserted Article 268 - Requirements to be met by the credit assessments of ECAIs
• inserted Article 269 - Use of credit assessments
• inserted Article 270 - Mapping

Part III › Title II › Chapter 6 › Section 1

• inserted Article 271 - Determination of the exposure value
• inserted Article 272 - Definitions

Part III › Title II › Chapter 6 › Section 2

• inserted Article 273 - Methods for calculating the exposure value

Part III › Title II › Chapter 6 › Section 3

• inserted Article 274 - Mark-to-Market Method

Part III › Title II › Chapter 6 › Section 4

• inserted Article 275 - Original Exposure Method

Part III › Title II › Chapter 6 › Section 5

• inserted Article 276 - Standardised Method
• inserted Article 277 - Transactions with a linear risk profile
• inserted Article 278 - Transactions with a non-linear risk profile
• inserted Article 279 - Treatment of collateral
• inserted Article 280 - Calculation of risk positions
• inserted Article 281 - Interest rate risk positions
• inserted Article 282 - Hedging sets

Part III › Title II › Chapter 6 › Section 6

• inserted Article 283 - Permission to use the Internal Model Method
• inserted Article 284 - Exposure value
• inserted Article 285 - Exposure value for netting sets subject to a margin agreement
• inserted Article 286 - Management of CCR — Policies, processes and systems
• inserted Article 287 - Organisation structures for CCR management
• inserted Article 288 - Review of CCR management system
• inserted Article 289 - Use test
• inserted Article 290 - Stress testing
• inserted Article 291 - Wrong-Way Risk
• inserted Article 292 - Integrity of the modelling process
• inserted Article 293 - Requirements for the risk management system
• inserted Article 294 - Validation requirements

Part III › Title II › Chapter 6 › Section 7

• inserted Article 295 - Recognition of contractual netting as risk-reducing
• inserted Article 296 - Recognition of contractual netting agreements
• inserted Article 297 - Obligations of institutions
• inserted Article 298 - Effects of recognition of netting as risk-reducing

Part III › Title II › Chapter 6 › Section 8

• inserted Article 299 - Items in the trading book

Part III › Title II › Chapter 6 › Section 9

• inserted Article 300 - Definitions
• inserted Article 301 - Material scope
• inserted Article 302 - Monitoring of exposures to CCPs
• inserted Article 303 - Treatment of clearing members' exposures to CCPs
• inserted Article 304 - Treatment of clearing members' exposures to clients
• inserted Article 305 - Treatment of clients' exposures
• inserted Article 306 - Own funds requirements for trade exposures
• inserted Article 307 - Own funds requirements for pre-funded contributions to the default fund of a CCP
• inserted Article 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCP
• inserted Article 309 - Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP
• inserted Article 310 - Alternative calculation of own funds requirement for exposures to a QCCP
• inserted Article 311 - Own funds requirements for exposures to CCPs that cease to meet certain conditions

Part III › Title III › Chapter 1

• inserted Article 312 - Permission and notification
• inserted Article 313 - Reverting to the use of less sophisticated approaches
• inserted Article 314 - Combined use of different approaches

Part III › Title III › Chapter 2

• inserted Article 315 - Own funds requirement
• inserted Article 316 - Relevant indicator

Part III › Title III › Chapter 3

• inserted Article 317 - Own funds requirement
• inserted Article 318 - Principles for business line mapping
• inserted Article 319 - Alternative Standardised Approach
• inserted Article 320 - Criteria for the Standardised Approach

Part III › Title III › Chapter 4

• inserted Article 321 - Qualitative standards
• inserted Article 322 - Quantitative Standards
• inserted Article 323 - Impact of insurance and other risk transfer mechanisms
• inserted Article 324 - Loss event type classification

Part III › Title IV › Chapter 1

• inserted Article 325 - Allowances for consolidated requirements

Part III › Title IV › Chapter 2 › Section 1

• inserted Article 326 - Own funds requirements for position risk
• inserted Article 327 - Netting
• inserted Article 328 - Interest rate futures and forwards
• inserted Article 329 - Options and warrants
• inserted Article 330 - Swaps
• inserted Article 331 - Interest rate risk on derivative instruments
• inserted Article 332 - Credit Derivatives
• inserted Article 333 - Securities sold under a repurchase agreement or lent

Part III › Title IV › Chapter 2 › Section 2 › Subsection 1

• inserted Article 335 - Cap on the own funds requirement for a net position
• inserted Article 336 - Own funds requirement for non-securitisation debt instruments
• inserted Article 337 - Own funds requirement for securitisation instruments
• inserted Article 338 - Own funds requirement for the correlation trading portfolio

Part III › Title IV › Chapter 2 › Section 2

• inserted Article 334 - Net positions in debt instruments

Part III › Title IV › Chapter 2 › Section 2 › Subsection 2

• inserted Article 339 - Maturity-based calculation of general risk
• inserted Article 340 - Duration-based calculation of general risk

Part III › Title IV › Chapter 2 › Section 3

• inserted Article 341 - Net positions in equity instruments
• inserted Article 342 - Specific risk of equity instruments
• inserted Article 343 - General risk of equity instruments
• inserted Article 344 - Stock indices

Part III › Title IV › Chapter 2 › Section 4

• inserted Article 345 - Reduction of net positions

Part III › Title IV › Chapter 2 › Section 5

• inserted Article 346 - Allowance for hedges by credit derivatives
• inserted Article 347 - Allowance for hedges by first and nth-to default credit derivatives

Part III › Title IV › Chapter 2 › Section 6

• inserted Article 348 - Own funds requirements for CIUs
• inserted Article 349 - General criteria for CIUs
• inserted Article 350 - Specific methods for CIUs

Part III › Title IV › Chapter 3

• inserted Article 351 - De minimis and weighting for foreign exchange risk
• inserted Article 352 - Calculation of the overall net foreign exchange position
• inserted Article 353 - Foreign exchange risk of CIUs
• inserted Article 354 - Closely correlated currencies

Part III › Title IV › Chapter 4

• inserted Article 355 - Choice of method for commodities risk
• inserted Article 356 - Ancillary commodities business
• inserted Article 357 - Positions in commodities
• inserted Article 358 - Particular instruments
• inserted Article 359 - Maturity ladder approach
• inserted Article 360 - Simplified approach
• inserted Article 361 - Extended maturity ladder approach

Part III › Title IV › Chapter 5 › Section 1

• inserted Article 362 - Specific and general risks
• inserted Article 363 - Permission to use internal models
• inserted Article 364 - Own funds requirements when using internal models

Part III › Title IV › Chapter 5 › Section 2

• inserted Article 365 - VaR and stressed VaR Calculation
• inserted Article 366 - Regulatory back testing and multiplication factors
• inserted Article 367 - Requirements on risk measurement
• inserted Article 368 - Qualitative requirements
• inserted Article 369 - Internal Validation

Part III › Title IV › Chapter 5 › Section 3

• inserted Article 370 - Requirements for modelling specific risk
• inserted Article 371 - Exclusions from specific risk models

Part III › Title IV › Chapter 5 › Section 4

• inserted Article 372 - Requirement to have an internal IRC model
• inserted Article 373 - Scope of the internal IRC model
• inserted Article 374 - Parameters of the internal IRC model
• inserted Article 375 - Recognition of hedges in the internal IRC model
• inserted Article 376 - Particular requirements for the internal IRC model

Part III › Title IV › Chapter 5 › Section 5

• inserted Article 377 - Requirements for an internal model for correlation trading

Part III › Title V

• inserted Article 378 - Settlement/delivery risk
• inserted Article 379 - Free deliveries
• inserted Article 380 - Waiver

Part III › Title VI

• inserted Article 381 - Meaning of credit valuation adjustment
• inserted Article 382 - Scope
• inserted Article 383 - Advanced method
• inserted Article 384 - Standardised method
• inserted Article 385 - Alternative to using CVA methods to calculating own funds requirements
• inserted Article 386 - Eligible hedges

Part IV

• inserted Article 387 - Subject matter
• inserted Article 388 - Negative Scope
• inserted Article 389 - Definition
• inserted Article 390 - Calculation of the exposure value
• inserted Article 391 - Definition of an institution for large exposures purposes
• inserted Article 392 - Definition of a large exposure
• inserted Article 393 - Capacity to identify and manage large exposures
• inserted Article 394 - Reporting requirements
• inserted Article 395 - Limits to large exposures
• inserted Article 396 - Compliance with large exposures requirements
• inserted Article 397 - Calculating additional own funds requirements for large exposures in the trading book
• inserted Article 398 - Procedures to prevent institutions from avoiding the additional own funds requirement
• inserted Article 399 - Eligible credit mitigation techniques
• inserted Article 400 - Exemptions
• inserted Article 401 - Calculating the effect of the use of credit risk mitigation techniques
• inserted Article 402 - Exposures arising from mortgage lending
• inserted Article 403 - Substitution approach

Part V › Title I

• inserted Article 404 - Scope of application

Part V › Title II

• inserted Article 405 - Retained interest of the issuer
• inserted Article 406 - Due diligence
• inserted Article 407 - Additional risk weight

Part V › Title III

• inserted Article 408 - Criteria for credit granting
• inserted Article 409 - Disclosure to investors
• inserted Article 410 - Uniform condition of application

Part VI › Title I

• inserted Article 411 - Definitions
• inserted Article 412 - Liquidity coverage requirement
• inserted Article 413 - Stable Funding
• inserted Article 414 - Compliance with liquidity requirements

Part VI › Title II

• inserted Article 415 - Reporting obligation and reporting format
• inserted Article 416 - Reporting on liquid assets
• inserted Article 417 - Operational requirements for holdings of liquid assets
• inserted Article 418 - Valuation of liquid assets
• inserted Article 419 - Currencies with constraints on the availability of liquid assets
• inserted Article 420 - Liquidity outflows
• inserted Article 421 - Outflows on retail deposits
• inserted Article 422 - Outflows on other liabilities
• inserted Article 423 - Additional outflows
• inserted Article 424 - Outflows from credit and liquidity facilities
• inserted Article 425 - Inflows
• inserted Article 426 - Updating Future liquidity requirements

Part VI › Title III

• inserted Article 427 - Items providing stable funding
• inserted Article 428 - Items requiring stable funding

Part VII

• inserted Article 429 - Calculation of the leverage ratio
• inserted Article 430 - Reporting requirement

Part VIII › Title I

• inserted Article 431 - Scope of disclosure requirements
• inserted Article 432 - Non-material, proprietary or confidential information
• inserted Article 433 - Frequency of disclosure
• inserted Article 434 - Means of disclosures

Part VIII › Title II

• inserted Article 435 - Risk management objectives and policies
• inserted Article 436 - Scope of application
• inserted Article 437 - Own funds
• inserted Article 438 - Capital requirements
• inserted Article 439 - Exposure to counterparty credit risk
• inserted Article 440 - Capital buffers
• inserted Article 441 - Indicators of global systemic importance
• inserted Article 442 - Credit risk adjustments
• inserted Article 443 - Unencumbered assets
• inserted Article 444 - Use of ECAIs
• inserted Article 445 - Exposure to market risk
• inserted Article 446 - Operational risk
• inserted Article 447 - Exposures in equities not included in the trading book
• inserted Article 448 - Exposure to interest rate risk on positions not included in the trading book
• inserted Article 449 - Exposure to securitisation positions
• inserted Article 450 - Remuneration policy
• inserted Article 451 - Leverage

Part VIII › Title III

• inserted Article 452 - Use of the IRB Approach to credit risk
• inserted Article 453 - Use of credit risk mitigation techniques
• inserted Article 454 - Use of the Advanced Measurement Approaches to operational risk
• inserted Article 455 - Use of Internal Market Risk Models

Part IX

• inserted Article 456 - Delegated acts
• inserted Article 457 - Technical adjustments and corrections
• inserted Article 458 - Macroprudential or systemic risk identified at the level of a Member State
• inserted Article 459 - Prudential requirements
• inserted Article 460 - Liquidity
• inserted Article 461 - Review of the phasing-in of the liquidity coverage requirement
• inserted Article 462 - Exercise of the delegation
• inserted Article 463 - Objections to regulatory technical standards
• inserted Article 464 - European Banking Committee

Part X › Title I › Chapter 1 › Section 1

• inserted Article 465 - Own funds requirements
• inserted Article 466 - First time application of International Financial Reporting Standards

Part X › Title I › Chapter 1 › Section 2

• inserted Article 467 - Unrealised losses measured at fair value
• inserted Article 468 - Unrealised gains measured at fair value

Part X › Title I › Chapter 1 › Section 3 › Subsection 1

• inserted Article 469 - Deductions from Common Equity Tier 1 items
• inserted Article 470 - Exemption from deduction from Common Equity Tier 1 items
• inserted Article 471 - Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items
• inserted Article 472 - Items not deducted from Common Equity Tier 1
• inserted Article 473 - Introduction of amendments to IAS 19

Part X › Title I › Chapter 1 › Section 3 › Subsection 2

• inserted Article 474 - Deductions from Additional Tier 1 items
• inserted Article 475 - Items not deducted from Additional Tier 1 items

Part X › Title I › Chapter 1 › Section 3 › Subsection 3

• inserted Article 476 - Deductions from Tier 2 items
• inserted Article 477 - Deductions from Tier 2 items

Part X › Title I › Chapter 1 › Section 3 › Subsection 4

• inserted Article 478 - Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items

Part X › Title I › Chapter 1 › Section 4

• inserted Article 479 - Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests
• inserted Article 480 - Recognition in consolidated own funds of minority interests and qualifying Additional Tier 1 and Tier 2 capital

Part X › Title I › Chapter 1 › Section 5

• inserted Article 481 - Additional filters and deductions
• inserted Article 482 - Scope of application for derivatives transactions with pension funds

Part X › Title I › Chapter 2 › Section 1

• inserted Article 483 - Grandfathering of State aid instruments

Part X › Title I › Chapter 2 › Section 2 › Subsection 1

• inserted Article 484 - Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC
• inserted Article 485 - Eligibility for inclusion in the Common Equity Tier 1 of share premium accounts related to items that qualified as own funds under national transposition measures for Directive 2006/48/EC
• inserted Article 486 - Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items
• inserted Article 487 - Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds
• inserted Article 488 - Amortisation of items grandfathered as Tier 2 items

Part X › Title I › Chapter 2 › Section 2 › Subsection 2

• inserted Article 489 - Hybrid instruments with a call and incentive to redeem
• inserted Article 490 - Tier 2 items with an incentive to redeem
• inserted Article 491 - Effective maturity

Part X › Title I › Chapter 3

• inserted Article 492 - Disclosure of own funds

Part X › Title I › Chapter 4

• inserted Article 493 - Transitional provisions for large exposures
• inserted Article 494 - Transitional provisions for eligible capital
• inserted Article 495 - Treatment of equity exposures under the IRB Approach
• inserted Article 496 - Own funds requirements for covered bonds
• inserted Article 497 - Own funds requirements for exposures to CCPs
• inserted Article 498 - Exemption for Commodities dealers
• inserted Article 499 - Leverage
• inserted Article 500 - Transitional provisions — Basel I floor
• inserted Article 501 - Capital requirements deduction for credit risk on exposures to SMEs

Part X › Title II

• inserted Article 502 - Cyclicality of capital requirements
• inserted Article 503 - Own funds requirements for exposures in the form of covered bonds
• inserted Article 504 - Capital instruments subscribed by public authorities in emergency situations
• inserted Article 505 - Review of long-term financing
• inserted Article 506 - Credit risk — definition of default
• inserted Article 507 - Large exposures
• inserted Article 508 - Level of application
• inserted Article 509 - Liquidity requirements
• inserted Article 510 - Net Stable Funding Requirements
• inserted Article 511 - Leverage
• inserted Article 512 - Exposures to transferred credit risk
• inserted Article 513 - Macroprudential rules
• inserted Article 514 - Counterparty credit risk and the Original Exposure Method
• inserted Article 515 - Monitoring and evaluation
• inserted Article 516 - Long-term financing
• inserted Article 517 - Definition of eligible capital
• inserted Article 518 - Review of capital instruments which may be written down or converted at the point of non-viability
• inserted Article 519 - Deduction of defined benefit pension fund assets from Common Equity Tier 1 items

Part X › Title III

• inserted Article 520 - Amendment of Regulation (EU) No 648/2012

Part XI

• inserted Article 521 - Entry into force and date of application

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
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• inserted Recital 11
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• inserted Recital 94
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• inserted Recital 133
• inserted Recital 134
• inserted Recital 135
• inserted Recital 136
• inserted Preamble
• inserted Annex I
• inserted Annex II
• inserted Annex III
• inserted Annex IV