Recital 4

(4)Regulation (EU) No 575/2013 has since been further amended by Regulation (EU) 2020/873 of the European Parliament and of the Council ⁴ , inter alia, to provide that for the purposes of recalibration of the leverage ratio requirement, the competent authorities are to determine the date when the exceptional circumstances are deemed to have started, after consultation with the relevant central bank, and publicly announce that date.