◷
New version applies from 17/08/2025 — introduced by Regulation (EU) 2025/1520 of the ECB.
2 provisions change.
Regulation (EU) 2016/445 of the ECB
01/10/2016 → 04/04/2022: 5 inserted · 7 removed · 16 amended · 1 moved · 2 renamed · 16 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
Outside any heading
Chapter I - OWN FUNDS
Chapter II - CAPITAL REQUIREMENTS
- removed Article 5 - Article 282(6) of Regulation (EU) No 575/2013: Hedging sets Chapter II
- amended Article 6 - Article 327(2) of Regulation (EU) No 575/2013: Netting Chapter II
- amended Article 7 - Article 380 of Regulation (EU) No 575/2013: Waiver Chapter II
Chapter II · 1 unchanged
Chapter III - LARGE EXPOSURES
- amended Article 9 - Article 400(2) of Regulation (EU) No 575/2013: Exemptions Chapter III
Chapter III · 1 unchanged
Chapter IV - LIQUIDITY
- removed Article 10 - Article 415(3) of Regulation (EU) No 575/2013: Reporting obligation Chapter IV
- removed Article 11 - Article 420(2) of Regulation (EU) No 575/2013 and Article 23(2) of Delegated Regulation (EU) 2015/61: Liquidity outflows Chapter IV
- inserted Chapter IV › Section I - Liquidity Coverage Requirement
- inserted Article 11a - Article 12(1)(c)(i) of Delegated Regulation (EU) 2015/61: Identification of Member State or third country major stock indices Chapter IV › Section I
- amendedmoved Article 12 - Article 12(3) of Delegated Regulation (EU) 2015/61: Level 2B assets Chapter IV › Section I from Chapter IV
- removed Article 13 - Article 24(4) and (5) of Delegated Regulation (EU) 2015/61: Outflows from stable retail deposits Chapter IV
- inserted Chapter IV › Section II - Net Stable Funding Ratio (NSFR)
- inserted Article 12a - Article 428p(10) of Regulation (EU) No 575/2013: Required stable funding factors for off-balance-sheet exposures Chapter IV › Section II
- inserted Article 12b - Article 428q(2) of Regulation (EU) No 575/2013: Determination of the term of encumbrance for assets that have been segregated Chapter IV › Section II
- inserted Article 12c - Article 428aq(10) of Regulation (EU) No 575/2013: Required stable funding factors for off-balance-sheet exposures Chapter IV › Section II
- inserted Article 12d - Article 428ar(2) of Regulation (EU) No 575/2013: Determination of the term of encumbrance for assets that have been segregated Chapter IV › Section II
Chapter V - TRANSITIONAL PROVISIONS OF REGULATION (EU) NO 575/2013
- removed Article 14 - Article 467(3) of Regulation (EU) No 575/2013: Unrealised losses measured at fair value Chapter V
- removed Article 15 - Article 468(3) of Regulation (EU) No 575/2013: Unrealised gains measured at fair value Chapter V
- removed Article 16 - Article 471(1) of Regulation (EU) No 575/2013: Exemption from deduction of equity holdings in insurance companies from Common Equity Tier 1 items Chapter V
- amended Article 17 - Article 473(1) of Regulation (EU) No 575/2013: Introduction of amendments to the International Accounting Standard 19 Chapter V
- amended Article 18 - Article 478(3)(a),(c) and (d) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1, additional Tier 1 and Tier 2 items Chapter V
- amended Article 19 - Article 478(3)(a) and (b) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1 of significant investments in financial sector entities and deferred tax assets that rely on future profitability Chapter V
- amended Article 20 - Article 479(1) and (4) of Regulation (EU) No 575/2013: Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests Chapter V
- amended Article 21 - Article 480(3) of Regulation (EU) No 575/2013: Recognition in consolidated own funds of minority interests and qualifying additional Tier 1 and Tier 2 capital Chapter V
- amended Article 22 - Article 481(1) and (5) of Regulation (EU) No 575/2013: Additional filters and deductions Chapter V
- amended Article 23 - Article 486(6) of Regulation (EU) No 575/2013: Limits for grandfathering items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items Chapter V
- amended Article 24 - Article 495(1) of Regulation (EU) No 575/2013: Treatment of equity exposures under the Internal Ratings Based (IRB) approach Chapter V
- amended Article 25 - Entry into force Chapter V
Annexes
- amendedrenamed Annex I - Conditions for assessing an exemption from the large exposure limit, in accordance with Article 400(2)(c) of Regulation (EU) No 575/2013 and Article 9(3) of this Regulation was “Annex I”
- amendedrenamed Annex II - Conditions for assessing an exemption from the large exposure limit, in accordance with Article 400(2)(d) of Regulation (EU) No 575/2013 and Article 9(4) of this Regulation was “Annex II”