What changes on 29/08/2023

The text in force from 01/06/2012 compared with the text from 29/08/2023.

Read the act as of 29/08/2023 · other versions:

Chapter I

• inserted Article 1 - Definitions

Chapter II

• inserted Article 2 - Elements of independence
• inserted Article 3 - Material common or conflicting interests
• inserted Article 4 - Qualifications, experience, ability, knowledge and resources
• inserted Article 5 - Structural separation

Chapter III › Section 1

• inserted Article 6 - General criteria
• inserted Article 7 - Valuation date
• inserted Article 8 - Sources of information
• inserted Article 9 - Impact of group arrangements
• inserted Article 10 - Impact of interoperability arrangements
• inserted Article 11 - Valuation report

Chapter III › Section 2

• inserted Article 12 - General principles
• inserted Article 13 - Areas requiring particular attention in the valuation
• inserted Article 14 - Factors affecting the valuation

Chapter III › Section 3

• inserted Article 15 - General principles
• inserted Article 16 - Selection of the measurement basis
• inserted Article 17 - Specific factors relating to the estimation and discounting of expected cash flows
• inserted Article 18 - Methodology for calculating and including a buffer for additional losses

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Recital 17
• inserted Recital 18
• inserted Recital 19
• inserted Recital 20
• inserted Recital 21
• inserted Recital 22
• inserted Recital 23
• inserted Recital 24
• inserted Recital 25
• inserted Recital 26
• inserted Recital 27
• inserted Recital 28
• inserted Recital 29
• inserted Recital 30
• inserted Recital 31
• inserted Preamble

Chapter IV

• inserted Article 19 - General provisions
• inserted Article 20 - Inventory of assets and claims
• inserted Article 21 - Steps of the valuation
• inserted Article 22 - Determination of the treatment of shareholders and creditors under normal insolvency proceedings
• inserted Article 23 - Direct replacement costs incurred by the clearing members under normal insolvency proceedings
• inserted Article 24 - Determination of the actual treatment of shareholders and creditors in resolution
• inserted Article 25 - Valuation report
• inserted Article 26 - Entry into force