(6)Regulation (EU) 2017/2401 of the European Parliament and of the Council 6 removed the definition of ‘excess spread’ from Article 242 of Regulation (EU) No 575/2013. Since Article 12(3) of Delegated Regulation (EU) No 241/2014 uses that term by refering to Article 242 of Regulation (EU) No 575/2013, it is necessary to amend Article 12(3) of that Delegated Regulation by introducing a definition of the term ‘excess spread’ directly into that Article.
Recital 6
- 6 Regulation (EU) 2017/2401 of the European Parliament and of the Council of 12 December 2017 amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms ( OJ L 347, 28.12.2017, p. 1 ). ↩