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New version applies from 30/03/2021 — introduced by Commission Delegated Regulation (EU) 2021/539. 6 provisions change. Later versions: 01/12/2021. Article 7 is deleted from 30/03/2021.

Article 7 - Transitional provisions

Article 7
Transitional provisions

By way of derogation from the first subparagraph of Article 3(1), the EBA shall determine the sample to identify a relevant entity as a G-SII for the year 2014 by 14 January 2015. The relevant authorities shall report the indicator values regarding relevant entities within that sample based on data for financial year-ends prior to July 2014 to the EBA, by 21 January 2015. Based on those indicator values, the EBA shall calculate the denominators for the year 2014 by 30 January 2015. The relevant authorities shall determine, on the basis of those denominators, the scores for the relevant entities for the year 2014. They shall also identify G-SIIs and allocate them to subcategories. Concurrently, the relevant authority shall notify the identified G-SIIs to the Commission, the ESRB and EBA and publish their names together with their scores for the year 2014 by 28 February 2015.

Official text · consolidated version 09/09/2016 (no longer in force) Open full page ↗
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