What changes on 28/05/2025
The text in force from 15/11/2022 compared with the text from 28/05/2025, which includes the changes made by Commission Delegated Regulation (EU) 2025/878.
0 inserted
13 amended
1 deleted
0 moved
Read the act as of 28/05/2025 · other versions:
Chapter 1 › Section 1
- amended Article 1 - Technical elements to be included in the actual changes in a trading desk portfolio’s value for the back-testing requirements performed at trading desk level
- amended Article 2 - Technical elements to be included in the actual changes in the portfolio’s value for the back-testing requirements performed at institution level
Chapter 1 › Section 2
- amended Article 3 - Technical elements to be included in the hypothetical changes in a trading desk portfolio’s value for the back-testing requirements performed at trading desk level
- amended Article 4 - Technical elements to be included in the hypothetical changes in the portfolio’s value for the back-testing requirements performed at institution level
- amended Article 5 - Documentation requirements
Chapter 2 › Section 1
- amended Article 6 - General requirements
- amended Article 7 - Calculation of the Spearman correlation coefficient
- amended Article 8 - Calculation of the Kolmogorov-Smirnov test metric
- amended Article 9 - Specification of criteria necessary to ensure that the theoretical changes and the hypothetical changes in the value of a trading desk portfolio are sufficiently close
- amended Article 10 - Calculation of the additional own funds requirement referred to in Article 325bg(2) of Regulation (EU) No 575/2013
Chapter 2 › Section 2
- amended Article 12 - Technical elements to be included in the theoretical changes in the trading desk portfolio’s value
- amended Article 14 - Alignment of data for the profit and loss attribution requirements
- amended Article 15 - Documentation requirements
Chapter 2 › Section 3
- deleted Article 16 - Calculation of the own funds requirements for market risk under the alternative internal model approach for institutions having trading desks last in force on the version of 15/11/2022