European Central Bank 14 March 2016, Regulation (EU) 2016/445 of the European Central Bank of 14 March 2016 on the exercise of options and discretions available in Union law (ECB/2016/4)

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European Union · · · Cited by 46 · 14-03-2016

Article 1. Subject matter and scope
Article 2. Definitions
CHAPTER I. OWN FUNDS
Article 3. Article 89(3) of Regulation (EU) No 575/2013: Risk weighting and prohibition of qualifying holdings outside the financial sector
CHAPTER II. CAPITAL REQUIREMENTS
Article 4. Article 178(1) of Regulation (EU) No 575/2013: Default of an obligor
Article 5. Article 282(6) of Regulation (EU) No 575/2013: Hedging sets
Article 6. Article 327(2) of Regulation (EU) No 575/2013: Netting
Article 7. Article 380 of Regulation (EU) No 575/2013: Waiver
CHAPTER III. LARGE EXPOSURES
Article 8. Article 395(1) of Regulation (EU) No 575/2013: Limits to large exposures
Article 9. Article 400(2) of Regulation (EU) No 575/2013: Exemptions
CHAPTER IV. LIQUIDITY
Article 10. Article 415(3) of Regulation (EU) No 575/2013: Reporting obligation
Article 11. Article 420(2) of Regulation (EU) No 575/2013 and Article 23(2) of Delegated Regulation (EU) 2015/61: Liquidity outflows
Article 12. Article 12(3) of Delegated Regulation (EU) 2015/61: Level 2B assets
Article 13. Article 24(4) and (5) of Delegated Regulation (EU) 2015/61: Outflows from stable retail deposits
CHAPTER V. TRANSITIONAL PROVISIONS OF REGULATION (EU) NO 575/2013
Article 14. Article 467(3) of Regulation (EU) No 575/2013: Unrealised losses measured at fair value
Article 15. Article 468(3) of Regulation (EU) No 575/2013: Unrealised gains measured at fair value
Article 16. Article 471(1) of Regulation (EU) No 575/2013: Exemption from deduction of equity holdings in insurance companies from Common Equity Tier 1 items
Article 17. Article 473(1) of Regulation (EU) No 575/2013: Introduction of amendments to the International Accounting Standard 19
Article 18. Article 478(3)(a),(c) and (d) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1, additional Tier 1 and Tier 2 items
Article 19. Article 478(3)(a) and (b) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1 of significant investments in financial sector entities and deferred tax assets that rely on future profitability
Article 20. Article 479(1) and (4) of Regulation (EU) No 575/2013: Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests
Article 21. Article 480(3) of Regulation (EU) No 575/2013: Recognition in consolidated own funds of minority interests and qualifying additional Tier 1 and Tier 2 capital
Article 22. Article 481(1) and (5) of Regulation (EU) No 575/2013: Additional filters and deductions
Article 23. Article 486(6) of Regulation (EU) No 575/2013: Limits for grandfathering items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items
Article 24. Article 495(1) of Regulation (EU) No 575/2013: Treatment of equity exposures under the Internal Ratings Based (IRB) approach
Article 25. Entry into force
ANNEX I. Conditions for assessing an exemption from the large exposure limit, in accordance with Article 400(2)(c) of Regulation (EU) No 575/2013 and Article 9(3) of this Regulation

24.3.2016

Official Journal of the European Union

L 78/60

REGULATION (EU) 2016/445 OF THE EUROPEAN CENTRAL BANK

of 14 March 2016

on the exercise of options and discretions available in Union law (ECB/2016/4)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European

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