What changes on 09/01/2024

The text in force from 25/12/2019 compared with the text from 09/01/2024, which includes the changes made by Regulation (EU) 2023/2869.

Read the act as of 09/01/2024 · other versions: 25/12/2019

Part I › Title I

• amended Article 1 - Subject matter and scope
• amended Article 4 - Definitions

Part I › Title II › Chapter 1

• amended Article 6 - Exemptions

Part I › Title II › Chapter 2

• amended Article 7 - Prudential consolidation
• amended Article 8 - The group capital test

Part II

• amended Article 9 - Own funds composition
• amended Article 10 - Qualifying holdings outside the financial sector

Part III › Title I

• amended Article 11 - Own funds requirements
• amended Article 12 - Small and non‐interconnected investment firms
• amended Article 13 - Fixed overheads requirement

Part III › Title II › Chapter 1

• amended Article 15 - K‐factor requirement and applicable coefficients

Part III › Title II › Chapter 2

• amended Article 17 - Measuring AUM for the purpose of calculating K‐AUM
• amended Article 18 - Measuring CMH for the purpose of calculating K‐CMH
• amended Article 19 - Measuring ASA for the purpose of calculating K‐ASA
• amended Article 20 - Measuring COH for the purpose of calculating K‐COH

Part III › Title II › Chapter 3

• amended Article 21 - RtM K‐factor requirement
• amended Article 22 - Calculating K‐NPR
• amended Article 23 - Calculating K‐CMG

Part III › Title II › Chapter 4 › Section 1

• amended Article 25 - Scope
• amended Article 26 - Calculating K‐TCD
• amended Article 28 - Replacement cost (RC)
• amended Article 29 - Potential future exposure
• amended Article 30 - Collateral
• amended Article 31 - Netting
• amended Article 32 - Credit valuation adjustment

Part III › Title II › Chapter 4 › Section 2

• amended Article 33 - Measuring DTF for the purpose of calculating K‐DTF

Part III › Title II › Chapter 5

• amended Article 34 - Prudential treatment of assets exposed to activities associated with environmental or social objectives

Part IV

• amended Article 35 - Monitoring obligation
• amended Article 36 - Calculation of the exposure value
• amended Article 37 - Limits with regard to concentration risk and exposure value excess
• amended Article 38 - Obligation to notify
• amended Article 39 - Calculating K‐CON
• amended Article 40 - Procedures to prevent investment firms from avoiding the K‐CON own funds requirement
• amended Article 41 - Exclusions
• amended Article 42 - Exemption for commodity and emission allowance dealers

Part V

• amended Article 43 - Liquidity requirement
• amended Article 44 - Temporary reduction of the liquidity requirement

Part VI

• inserted Article 46a - Accessibility of information on the European single access point
• amended Article 46 - Scope
• amended Article 48 - Governance
• amended Article 49 - Own funds
• amended Article 50 - Own funds requirements
• amended Article 51 - Remuneration policy and practices
• amended Article 52 - Investment policy

Part VII

• amended Article 54 - Reporting requirements
• amended Article 55 - Reporting requirements for certain investment firms, including for the purposes of the thresholds referred to in Article 1(2) of this Regulation and in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013

Part VIII

• amended Article 56 - Exercise of the delegation

Part IX › Title I

• amended Article 57 - Transitional provisions

Part IX › Title II

• amended Article 60 - Review clause

Part IX › Title III

• amended Article 61 - Amendment to Regulation (EU) No 1093/2010
• amended Article 62 - Amendments to Regulation (EU) No 575/2013
• amended Article 63 - Amendments to Regulation (EU) No 600/2014
• amended Article 64 - Amendment to Regulation (EU) No 806/2014

Part X

• amended Article 66 - Entry into force and date of application