(1)Regulation (EU) 2024/1623 of the European Parliament and of the Council 2 amended Article 124 of Regulation (EU) No 575/2013, which deals with the treatment under the Standardised Approach for credit risk of exposures secured by immovable property, to better differentiate between real estate exposures and to reflect more accurately the risk associated with those exposures. That amendment to Article 124 of Regulation (EU) No 575/2013 led to a renumbering of its paragraphs. While the provisions of Commission Delegated Regulation (EU) 2023/206 3 remain suitable under Article 124 of Regulation (EU) No 575/2013 as amended by Regulation (EU) 2024/1623, the renumbering should be reflected in Commission Delegated Regulation (EU) 2023/206 in order to ensure legal clarity and legal certainty.
Recital 1
Recital 1
- 3 Commission Delegated Regulation (EU) 2023/206 of 5 October 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the types of factors to be considered for the assessment of the appropriateness of risk weights for exposures secured by immovable property and the conditions to be taken into account for the assessment of the appropriateness of minimum loss given default values for exposures secured by immovable property ( OJ L 29, 1.2.2023, p. 1 , ELI: http://data.europa.eu/eli/reg_del/2023/206/oj ). ↩
- 2 Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor ( OJ L, 2024/1623, 19.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1623/oj ). ↩