What changes on 23/12/2020

The text in force from 07/07/2015 compared with the text from 23/12/2020, which includes the changes made by Commission Delegated Regulation (EU) 2020/2176.

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

Chapter II › Section 3

• inserted Article 13a - Deduction of software assets that are classified as intangible assets for accounting purposes for the purposes of Article 36(1), point (b), of Regulation (EU) No 575/2013
• 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
• amended 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

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

• amended 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