◷
New version applies from 22/06/2015 — introduced by Commission Delegated Regulation (EU) 2015/850.
32 provisions change.
Later versions: 07/07/2015, 23/12/2020, 09/05/2023.
Commission Delegated Regulation (EU) No 241/2014
03/04/2014 → 13/04/2015: 3 inserted · 0 removed · 59 amended · 0 moved · 0 renamed · 2 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
- amended Preamble
Recitals
- 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
Chapter I - GENERAL
- amended Article 1 - Subject matter Chapter I
Chapter II - ELEMENTS OF OWN FUNDS
- 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 1
- amended Article 3 - Meaning of ‘foreseeable’ in foreseeable charge for the purposes of Article 26(2)(b) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 1
- amended Article 4 - Type of undertaking recognised under applicable national law as a cooperative society for the purposes of Article 27(1)(a)(ii) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 2
- amended Article 5 - Type of undertaking recognised under applicable national law as a savings institution for the purposes of Article 27(1)(a)(iii) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 2
- amended Article 6 - Type of undertaking recognised under applicable national law as a mutual for the purposes of Article 27(1)(a)(i) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 2
- amended Article 7 - Type of undertaking recognised under applicable national law as a similar institution for the purposes of Article 27(1)(a)(iv) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 2
- 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 1 › Subsection 3
- 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 1 › Subsection 3
- amended Article 10 - Limitations on redemption of capital instruments issued by mutuals, savings institutions, cooperative societies and similar institutions for the purposes of Article 29(2)(b) of Regulation (EU) No 575/2013 and Article 78(3) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 4
- amended Article 11 - Limitations on redemption of capital instruments issued by mutuals, savings institutions, cooperative societies and similar institutions for the purposes of Article 29(2)(b) of Regulation (EU) No 575/2013 and Article 78(3) of Regulation (EU) No 575/2013 Chapter II › Section 1 › Subsection 4
- amended Article 12 - The concept of gain on sale for the purposes of Article 32(1)(a) of Regulation (EU) No 575/2013 Chapter II › Section 2
- 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 3
- amended Article 14 - Deductions of deferred tax assets that rely on future profitability for the purposes of Article 36(1)(c) of Regulation (EU) No 575/2013 Chapter II › Section 3
- amended Article 15 - Deduction of defined benefit pension fund assets for the purposes of Article 36(1)(e) of Regulation (EU) No 575/2013 and Article 41(1)(b) of Regulation (EU) No 575/2013 Chapter II › Section 3
- amended Article 16 - Deductions of foreseeable tax charges for the purposes of Article 36(1)(l) and Article 56(f) of Regulation (EU) No 575/2013 Chapter II › Section 3
- 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 II › Section 4
- amended Article 18 - Capital instruments of third country insurance and reinsurance undertakings for the purposes of Article 36(3) of Regulation (EU) No 575/2013 Chapter II › Section 4
- amended Article 19 - Capital instruments of undertakings excluded from the scope of Directive 2009/138/EC for the purposes of Article 36(3) of Regulation (EU) No 575/2013 Chapter II › Section 4
Chapter III - ADDITIONAL TIER 1 CAPITAL
- amended Article 20 - Form and nature of incentives to redeem for the purposes of Article 52(1)(g) and 63(h)of Regulation (EU) No 575/2013 Chapter III › Section 1
- amended Article 21 - Nature of the write-up of the principal amount following a write-down for the purposes of Article 52(1)(n) and Article 52(2)(c)(ii) of Regulation (EU) No 575/2013 Chapter III › Section 2
- amended Article 22 - Procedures and timing for determining that a trigger event has occurred for the purposes of Article 52(1)(n) of Regulation (EU) No 575/2013 Chapter III › Section 2
- amended Article 24 - Use of special purposes entities for indirect issuance of own funds instruments for the purposes of Article 52(1)(p) and Article 63(n) of Regulation (EU) No 575/2013 Chapter III › Section 4
Chapter III · 1 unchanged
Chapter IV - GENERAL REQUIREMENTS
- amended Article 25 - Extent of conservatism required in estimates for calculating exposures used as an alternative to the underlying exposures for the purposes of Article 76(2) of Regulation (EU) No 575/2013 Chapter IV › Section 1
- amended Article 26 - Meaning of operationally burdensome in Article 76(3) of Regulation (EU) No 575/2013 Chapter IV › Section 1
- amended Article 28 - Process and data requirements for an application by an institution to carry out redemptions, reductions and repurchases — for the purposes of Article 77 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 IV › Section 2
- amended Article 30 - Content of the application to be submitted by the institution for the purposes of Article 77 of Regulation (EU) No 575/2013 Chapter IV › Section 2
- amended Article 31 - Timing of the application to be submitted by the institution and processing of the application by the competent authority for the purposes of Article 77 of Regulation (EU) No 575/2013 Chapter IV › Section 2
- amended Article 32 - Applications for redemptions, reductions and repurchases by mutuals, cooperative societies, savings institutions or similar institutions for the purposes of Article 77 of Regulation (EU) No 575/2013 Chapter IV › Section 2
- amended Article 33 - Temporary waiver from deduction from own funds for the purposes of Article 79(1) of Regulation (EU) No 575/2013 Chapter IV › Section 3
Chapter IV · 1 unchanged
Chapter V - MINORITY INTEREST AND ADDITIONAL TIER 1 AND TIER 2 INSTRUMENTS ISSUED BY SUBSIDIARIES
Chapter VA - OWN FUNDS BASED ON FIXED OVERHEADS inserted
- inserted 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 Chapter VA
- inserted Article 34c - Conditions for the adjustment by the competent authority of the requirement to hold eligible capital of at least one quarter of the fixed overheads of the previous year according to Article 97(2) of Regulation (EU) No 575/2013 Chapter VA
- inserted Article 34d - Calculation of projected fixed overheads in the case of a firm that has not completed business for one year according to Article 97(3) of Regulation (EU) No 575/2013 Chapter VA
Chapter VI - SPECIFICATION OF THE TRANSITIONAL PROVISIONS OF REGULATION (EU) No 575/2013 IN RELATION TO OWN FUNDS
- amended Article 35 - Additional filters and deductions for the purposes of Article 481(1) of Regulation (EU) No 575/2013 Chapter VI
- amended Article 36 - Items excluded from grandfathering of capital instruments not consituting state aid in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds for the purposes of Article 487(1) and (2) of Regulation (EU) No 575/2013 Chapter VI
- amended Article 37 Chapter VI