{
  "url": "https://openlegislation.uk/eu-regulation-2014-342",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-342.json",
  "id": "eur/2014/342",
  "title": "Commission Delegated Regulation (EU) No 342/2014 of 21 January 2014 supplementing Directive 2002/87/EC of the European Parliament and of the Council and Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates (Text with EEA relevance)",
  "short_title": "Regulation (EU) No 342/2014 supplementing Directive 2002/87/EC of the European Parliament and of the Council…",
  "long_title": "Commission Delegated Regulation (EU) No 342/2014 of 21 January 2014 supplementing Directive 2002/87/EC of the European Parliament and of the Council and Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates (Text with EEA relevance)",
  "citation": "EU Regulation No 342/2014",
  "type": "eur",
  "year": "2014",
  "number": "342",
  "version": "current",
  "date": "2014-01-21",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 2,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "SUBJECT MATTER AND DEFINITIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Subject matter",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "TECHNICAL PRINCIPLES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Elimination of multiple gearing and the intra-group creation of own funds",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Transferability and availability of own funds",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Sector specific own funds",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Deficit of own funds at the financial conglomerate level",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Consistency",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Consolidation",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/9",
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      "number": "9",
      "heading": "Solvency requirement",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "The financial conglomerate's own funds and solvency requirements",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Treatment of cross sector holdings",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Notional own funds and notional solvency requirements for non-regulated financial sector entities",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Sectoral transitional and grandfathering arrangements",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "chapter/III",
      "kind": "chapter",
      "number": "III",
      "heading": "TECHNICAL CALCULATION METHODS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/14",
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      "heading": "Specification of technical calculation under method 1 pursuant to Directive 2002/87/EC",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-14",
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      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/15",
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      "heading": "Specification of technical calculation under method 2 pursuant to Directive 2002/87/EC",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Specification of circumstances for the use of Method 3 pursuant to Directive 2002/87/EC",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "chapter/IV",
      "kind": "chapter",
      "number": "IV",
      "heading": "FINAL PROVISIONS",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Entry into force",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": "Calculation methodology for Method 2 pursuant to Directive 2002/87/EC",
      "url": "https://openlegislation.uk/eu-regulation-2014-342/annex",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    }
  ],
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      "affecting": "ukpga/2023/29",
      "affecting_title": "Financial Services and Markets Act 2023",
      "affecting_provisions": "Sch. 1 Pt. 1 3"
    },
    {
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      "affected_provisions": "Regulation",
      "affecting": "ukpga/2023/29",
      "affecting_title": "Financial Services and Markets Act 2023",
      "affecting_provisions": "Sch. 1 Pt. 3"
    }
  ],
  "made_under": [],
  "changes_made_to": 2,
  "changes_made_to_url": "https://openlegislation.uk/eu-regulation-2014-342/changes.json",
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2014/342",
    "retrieved_at": "2026-11-01T14:47:47.752346+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}