What changes on 07/07/2015

The text in force from 22/06/2015 compared with the text from 07/07/2015, which includes the changes made by Commission Delegated Regulation (EU) 2015/923.

Read the act as of 07/07/2015 · other versions: 13/04/2015 · 22/06/2015 · 23/12/2020 · 09/05/2023

Chapter I

• amended Article 1 - Subject matter

Chapter II › Section 1 › Subsection 1

• amended Article 2 - Meaning of ‘foreseeable’ in foreseeable dividend for the purposes of Article 26(2)(b) of Regulation (EU) No 575/2013

Chapter II › Section 1 › Subsection 2

• amended Article 7a - Multiple distributions constituting a disproportionate drag on own funds
• amended Article 7b - Preferential distributions regarding preferential rights to payments of distributions
• amended Article 7c - Calculation of the payout ratio for the purposes of point (b) of Article 7b(8)

Chapter II › Section 1 › Subsection 3

• amended Article 8 - Indirect funding of capital instruments for the purposes of Article 28(1)(b,) Article 52(1)(c) and Article 63(c) of Regulation (EU) No 575/2013
• amended Article 9 - Applicable forms and nature of indirect funding of capital instruments for the purposes of Article 28(1)(b) and 52(1)(c) and 63(c) of Regulation (EU) No 575/2013

Chapter II › Section 3

• inserted Article 15a - Indirect holdings for the purposes of Article 36(1)(f),(h) and (i) of Regulation (EU) No 575/2013
• inserted Article 15b - Synthetic holdings for the purposes of Article 36(1)(f),(h) and (i) of Regulation (EU) No 575/2013
• inserted Article 15c - Calculation of indirect holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013
• inserted Article 15d - Default approach for the calculation of indirect holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013
• inserted Article 15e - Structure-based approach for the calculation of indirect holdings for the purposes of points (f), (h) and (i) of Article 36(1) of Regulation (EU) No 575/2013
• inserted Article 15f - Calculation of synthetic holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013
• inserted Article 15g - Calculation of significant investments for the purposes of Article 36(1)(i) of Regulation (EU) No 575/2013
• inserted Article 15h - Holdings of Additional Tier 1 and Tier 2
• inserted Article 15i - Order and maximum amount of deductions of indirect holdings of own funds instruments of financial sector entities
• inserted Article 15j - Goodwill
• amended Article 13 - Deduction of losses for the current financial year for the purposes of Article 36(1)(a) of Regulation (EU) No 575/2013

Chapter II › Section 4

• amended Article 17 - Other deductions for capital instruments of financial institutions for the purposes of Article 36(3) of Regulation (EU) No 575/2013

Chapter III › Section 4

• inserted Article 24a - Distribution on own funds instruments — broad market indices

Chapter IV › Section 2

• amended Article 29 - Submission of application by the institution to carry out redemptions, reductions and repurchases for the purposes of Article 77 and Article 78 of Regulation (EU) No 575/2013 and appropriate bases of limitation of redemption for the purposes of paragraph 3 of Article 78 of Regulation (EU) No 575/2013

Chapter V

• inserted Article 34a - Minority interests included in consolidated Common Equity Tier 1 capital

Chapter VA

• amended Article 34b - Calculation of the eligible capital of at least one quarter of the fixed overheads of the preceding year for the purposes of Article 97(1) of Regulation (EU) No 575/2013

Outside any heading

• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Preamble