CRR - Own funds requirements

Article

CRR - Own Funds requirements: deduction from own funds items of indirect and synthetic holdings

June 2015

On 17 June 2015, the Official Journal of the European Union published its Commission Delegated Regulation (EU) 2015/923 of 11 March 2015 amending Delegated Regulation (EU) No 241/2014 supplementing Regulation (EU) 575/2014 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions.

The purpose of the Regulation is to ensure that there is a uniform approach concerning the deduction from own funds items of indirect and synthetic holdings in institutions' own own funds instruments and indirect and synthetic holdings in financial sector entities.

The Delegated Regulation (EU) 241/2014 is amended by the insertion Articles 15a to 15j.

15 a

Indirect holdings for the purposes of Article 36(1)(f),(h) and (i) of Regulation (EU) No 575/2013

15 b

Synthetic holdings for the purposes of Article 36(1)(f),(h) and (i) of Regulation (EU) No 575/2013

15 c

Calculation of indirect holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013

15 d

Default approach for the calculation of indirect holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013

15 e

Structure-based approach for the calculation of indirect holdings for the purposes of points (f), (h) and (i) of Article 36(1) of Regulation (EU) No 575/2013

15 f

Calculation of synthetic holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013

15 g

Calculation of significant investments for the purposes of Article 36(1)(i) of Regulation (EU) No 575/2013

15 h

Holdings of Additional Tier 1 and Tier 2

15 i

Order and maximum amount of deductions of indirect holdings of own funds instruments of financial sector entities

15 j

Goodwill

 

Article 24a and 34a are also inserted:

24a

Distribution on own funds instruments - broad market indices

34a

Minority interests included in consolidated Common Equity Tier 1 capital

 

This Regulation will enter into force on 7th July 2015.

CRR
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