{
  "url": "https://openlegislation.uk/eu-regulation-2014-650/annex-II",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-650/annex-II.json",
  "legislation": "eur/2014/650",
  "legislation_title": "Commission Implementing Regulation (EU) No 650/2014 of 4 June 2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2014-650",
  "path": "annex/II",
  "kind": "annex",
  "number": "II",
  "heading": "OPTIONS AND DISCRETIONS",
  "text": "List of templates\nPart 1\nOptions and discretions set out in Directive 2013/36/EU, Regulation (EU) No 575/2013 and LCR Delegated Regulation (EU) 2015/61\nPart 2\nTransitional options and discretions set out in Directive 2013/36/EU and Regulation (EU) No 575/2013\nPart 3\nVariable elements of remuneration (Article 94 of Directive 2013/36/EU)\nPART 1\nOptions and discretions set out in Directive 2013/36/EU, Regulation (EU) No 575/2013 and LCR Delegated Regulation (EU) 2015/61\n‘ Y ’ (Yes) indicates that the competetent authority or Member State empowered to exercise the relevant option or discretion has exercised it.\n‘ N ’ (No) Indicates that the competetent authority or Member State empowered to exercise the relevant option or discretion has not exercised it.\n‘ NA ’ (Not applicable) indicates that the exercise of the option is not possible or the discretion does not exist.\nThe text of the provision in the national legislation.\nReference in the national legislation and hyperlink(s) to the website containing the national text transposing the Union provision in question.\nDirective 2013/36/EU\nRegulation (EU) No 575/2013\nLCR delegated regulation (EU) 2015/61\nAdressee\nScope\nDenomination\nDescription of the option or discretion\nExercised (Y/N/NA)\nNational text\nReference(s)\nAvailable in EN (Y/N)\nDetails / Comments\n010\nDate of the last update of information in this template\n(dd/mm/yyyy)\n020\nArticle 9(2)\nMember States\nCredit Institutions\nException to the prohibition against persons or undertakings other than credit institutions from taking deposits or other repayable funds from the public\nThe prohibition against persons or undertakings other than credit institutions from carrying out the business of taking deposits or other repayable funds from the public shall not apply to a Member State, a Member State's regional or local authorities, a public international bodies of which one or more Member States are members, or to cases expressly covered by national or union law, provided that those activities are subject to regulations and controls intended to protect depositors and investors.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n030\nArticle 12(3)\nMember States\nCredit Institutions\nInitial capital\nMember States may decide that credit institutions which do not fulfil the requirements to hold separate own funds and which were in existence on 15 December 1979 may continue to carry out their business.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n040\nArticle 12(3)\nMember States\nCredit Institutions\nInitial capital\nCredit Institutions for which Member States have decided that they can continue to carry out their business according to Article 12(3) of Directive 2013/36/EU may be exempted by MS from complying with the requirements contained in the first subparagraph of Article 13(1) of Directive 2013/36/EU.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n050\nArticle 12(4)\nMember States\nCredit Institutions\nInitial capital\nMember States may grant authorisation to particular categories of credit institutions the initial capital of which is less that EUR 5 million, provided that the initial capital is not less than EUR 1 million and the Member State concerned notifies the Commission and EBA of its reasons for exercising that option.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n060\nArticle 21(1)\nCompetent Authorities\nCredit Institutions\nExemptions for credit institutions permanently affiliated to a central body\nCompetent authorities may exempt with regard to credit institutions permanently affiliated to a central body from the requirements set out in Articles 10, 12 and 13(1) of Directive 2013/36/EU.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n070\nArticle 29(3)\nMember States\nInvestment Firms\nInitial capital of particular types of investment firms\nMember States may reduce the minimum amount of initial capital from EUR 125 000 to EUR 50 000 where a firm is not authorised to hold client money or securities, to deal for its own account, or to underwrite issues on a firm commitment basis.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n080\nArticle 32(1)\nMember States\nInvestment Firms\nInvestment firms' initial capital grandfathering clause\nMember States may continue authorising investment firm and firms covered by Article 30 of Directive 2013/36/EU which were in existence on or before 31 December 1995 , the own funds of which are less than the initial capital levels specified for them in Article 28(2), Article 29(1) or (3) or Article 30 of that Directive.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n090\nArticle 40\nCompetent Authorities\nCredit Institutions\nReporting requirements to host competent authorities\nThe competent authorities of host Member States may, for information, statistical or supervisory purposes, require that all credit institutions having branches within their territories shall report to them periodically on their activities in those host Member States, in particular to assess whether a branch is significant in accordance with Article 51(1) of Directive 2013/36/EU.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n100\nArticle 129(2)\nMember States\nInvestment Firms\nExemption from the requirement to maintain a capital conservation buffer for small and medium-sized investment firms\nBy way of derogation from paragraph 1 of Article 129, a Member State may exempt small and medium-sized investment firms from the requirements set out in that paragraph if such an exemption does not threaten the stability of the financial system of that Member State.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n110\nArticle 130(2)\nMember States\nInvestment Firms\nExemption from the requirement to maintain a countercyclical capital buffer for small and medium-sized investment firms\nBy way of derogation from paragraph 1 of Article 130, a Member State may exempt small and medium-sized investment firms from the requirements set out in that paragraph if such an exemption does not threaten the stability of the financial system of that Member State.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n120\nArticle 133(18)\nMember States\nCredit Institutions and Investment firms\nRequirement to maintain a systemic risk buffer\nMember States may apply a systemic risk buffer to all exposures.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n130\nArticle 134(1)\nMember States\nCredit Institutions and Investment firms\nRecognition of a systemic risk buffer rate\nOther Member States may recognise the systemic risk buffer rate set according to Article 133 and may apply that buffer rate to domestically authorised institutions for the exposures located in the Member State setting that buffer rate.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n140\nArticle 152 first paragraph\nMember Stattes\nCredit Institutions\nReporting requirements to host competent authorities\nThe competent authorities of host Member States may, for statistical purposes, require that all credit institutions having branches within their territories shall report to them periodically on their activities in those host Member States.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n150\nArticle 152 second paragraph\nMember States\nCredit Institutions\nReporting requirements to host competent authorities\nHost Member States may require that branches of credit institutions from other Member States provide the same information as they require from national credit institutions for that purpose.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n160\nArticle 160(6)\nMember States\nCredit Institutions and Investment firms\nTransitional provisions for capital buffers\nMember States may impose a shorter transitional period for capital buffers than that specified in paragraphs 1 to 4 of Article 160. Such a shorter transitional period may be recognised by other Member States.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n170\nArticle 4(2)\nMember States or Competent Authorities\nCredit Institutions and Investment firms\nTreatment of indirect holdings in real estate\nMember States or their competent authorities may allow shares constituting an equivalent indirect holding of immovable property to be treated as a direct holding of immovable property provided that such indirect holding is specifically regulated in the national law of the Member State and, when pledged as collateral, provides equivalent protection to creditors.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n180\nArticle 6(4)\nCompetent Authorities\nInvestment Firms\nApplication of requirements on an individual basis\nPending the report from the Commission in accordance with Article 508(3), competent authorities may exempt investment firms from compliance with the obligations laid down in Part Six (liquidity) taking into account the nature, scale and complexity of the investment firms' activities.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n190\nArticle 24(2)\nReporting and the compulsory use of IFRS\nCompetent authorities may require that institutions effect the valuation of assets and off-balance sheet items and the determination of own funds in accordance with International Accounting Standards as applicable under Regulation (EC) No 1606/2002).\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n200\nArticle 89(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nRisk weighting and prohibition of qualifying holdings outside the financial sector\nCompetent authorities apply the following requirements to qualifying holdings of institutions referred to in paragraphs 1 and 2:\nfor the purpose of calculating the capital requirement in accordance with Part Three of this Regulation, institutions shall apply a risk weight of 1 250 % to the greater of the following:\n(i) the amount of qualifying holdings referred to in paragraph 1 in excess of 15 % of eligible capital;\n(ii) the total amount of qualifying holdings referred to in paragraph 2 that exceed 60 % of the eligible capital of the institution;\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n201\nArticle 89(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nRisk weighting and prohibition of qualifying holdings outside the financial sector\nCompetent authorities apply the following requirements to qualifying holdings of institutions referred to in paragraphs 1 and 2:\nthe competent authorities shall prohibit institutions from having qualifying holdings referred to in paragraphs 1 and 2 the amount of which exceeds the percentages of eligible capital laid down in those paragraphs.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n210\nArticle 95(2)\nCompetent Authorities\nInvestment Firms\nRequirements for investment firms with limited authorisation to provide investment services\nCompetent authorities may set the own fund requirements for investment firms with limited authorisation to provide investment services as the own fund requirements that would be binding on those firms according to the national transposition measures in force on 31 December 2013 for Directive 2006/49/EC and Directive 2006/48/EC.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n220\nArticle 99(3)\nCompetent Authorities\nCredit Institutions\nReporting on own funds requirements and financial information\nCompetent authorities may require those credit institutions applying international accounting standards as applicable under Regulation (EC) No 1606/2002 for the reporting of own funds on a consolidated basis pursuant to Article 24(2) of this Regulation to also report financial information as laid down in paragraph 2 of this Article.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n230\nArticle 124(2)\nCompetent Authorities\nCredit Institutions and Investment firms\nRisk weights and criteria applied to exposures secured by mortgages on immovable property\nCompetent authorities may set a higher risk weight or stricter criteria than those set out in Article 125(2) and Article 126(2), where appropriate, on the basis of financial stability considerations.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n240\nArticle 129(1)\nExposures in the form of covered bonds\nThe competent authorities may, after consulting EBA, partly waive the application of point (c) of the first subparagraph and allow credit quality step 2 for up to 10 % of the total exposure of the nominal amount of outstanding covered bonds of the issuing institution, provided that significant potential concentration problems in the Member States concerned can be documented due to the application of the credit quality step 1 requirement referred to in that point.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n250\nArticle 164(5)\nCompetent Authorities\nCredit Institutions and Investment firms\nMinimum values of exposure weighted average Loss Given Default (LGD) for exposures secured by property\nBased on the data collected under Article 101 and taking into account forward-looking immovable property market developments and any other relevant indicators, the competent authorities shall periodically, and at least annually, assess whether the minimum LGD values in paragraph 4 of this Article are appropriate for exposures secured by residential property or commercial immovable property located in their territory. Competent authorities may, where appropriate on the basis of financial stability considerations, set higher minimum values of exposure weighted average LGD for exposures secured by immovable property in their territory.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n260\nArticle 178(1)(b)\nCompetent Authorities\nCredit Institutions and Investment firms\nDefault of an obligor\nCompetent authorities may replace the 90 days with 180 days for exposures secured by residential property or SME commercial immovable property in the retail exposure class, as well as exposures to public sector entities.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n270\nArticle 284(4)\nCompetent Authorities\nCredit Institutions and Investment firms\nExposure value\nCompetent authorities may require an α higher than 1.4 or permit institutions to use their own estimates in accordance with Article 284 (9)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n280\nArticle 284(9)\nCompetent Authorities\nCredit Institutions and Investment firms\nExposure value\nCompetent authorities may permit institutions to use their own estimates of alpha\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n290\nArticle 327(2)\nCompetent Authorities\nCredit Institutions and Investment firms\nNetting between a convertible and an offsetting position in the underlying instrument\nCompetent authorities may adopt an approach under which the likelihood of a particular convertible's being converted is taken into account or require an own funds requirement to cover any loss which conversion might entail.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n300\nArticle 395(1)\nCompetent Authorities\nCompetent Authorities\nLarge exposure limits for exposures to institutions\nCompetent authorities may set a lower large exposure limit than EUR 150 000 000 for exposures to institutions.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n310\nArticle 400(2)(a) 493(3)(a)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt covered bonds falling within the terms of Article 129(1), (3) and (6).\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n320\nArticle 400(2)(b) 493(3)(b)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt asset items constituting claims on regional governments or local authorities of Member States.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n330\nArticle 400(2)(c) 493(3)(c)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures incurred by an institution to its parent undertaking or subsidiaries.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n340\nArticle 400(2)(d) 493(3)(d)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to regional or central credit institutions with which the credit institution is associated in a network and which are responsible for cash-clearing operations within the network.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n350\nArticle 400(2)(e) 493(3)(e)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to credit institutions incurred by credit institutions, one of which operates on a non-competitive basis and provides or guarantees loans under legislative programmes or its statutes, to promote specified sectors of the economy under some form of government oversight and restrictions on the use of the loans, provided that the respective exposures arise from such loans that are passed on to the beneficiaries via credit institutions or from the guarantees of these loans.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n360\nArticle 400(2)(f) 493(3)(f)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to institutions, provided that those exposures do not constitute such institutions' own funds, do not last longer than the following business day and are not denominated in a major trading currency.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n370\nArticle 400(2)(g) 493(3)(g)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to central banks in the form of required minimum reserves held at those central banks which are denominated in their national currencies.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n380\nArticle 400(2)(h) 493(3)(h)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to central governments in the form of statutory liquidity requirements held in government securities which are denominated and funded in their national currencies provided that, at the discretion of the competent authority, the credit assessment of those central governments assigned by a nominated External Credit Assessment Institution is investment grade.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n390\nArticle 400(2)(i) 493(3)(i)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt 50 % of medium/low risk off-balance sheet documentary credits and of medium/low risk off-balance sheet undrawn credit facilities referred to in Annex I and subject to the competent authorities' agreement, 80 % of guarantees other than loan guarantees which have a legal or regulatory basis and are given for their members by mutual guarantee schemes possessing the status of credit institutions.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n400\nArticle 400(2)(j) 493(3)(j)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt legally required guarantees used when a mortgage loan financed by issuing mortgage bonds is paid to the mortgage borrower before the final registration of the mortgage in the land register, provided that the guarantee is not used as reducing the risk in calculating the risk-weighted exposure amounts.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n410\nArticle 400(2)(k) 493(3)(k)\nCompetent Authorities\nCompetent Authorities\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt assets items constituting claims on and other exposures to recognised exchanges.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n420\nArticle 412(5)\nMember States\nCredit Institutions\nLiquidity coverage requirement\nMember States may maintain or introduce national provisions in the area of liquidity requirements before binding minimum standards for liquidity coverage requirements are specified and fully introduced in the Union in accordance with Article 460.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n430\nArticle 412(5)\nMember States or Competent Authorities\nCredit Institutions\nLiquidity coverage requirement\nMember states or competent authorities may require domestically authorised institutions, or a subset of those institutions to maintain a higher liquidity coverage requirement up to 100 % until the binding minimum standard is fully introduced at a rate of 100 % in accordance with Article 460.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n440\nArticle 413(3)\nMember States\nCredit Institutions\nStable funding requirement\nMember States may maintain or introduce national provisions in the area of stable funding requirements before binding minimum standards for net stable funding requirements are specified and introduced in the Union in accordance with Article 510.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n450\nArticle 415(3)\nCompetent Authorities\nCredit Institutions\nLiquidity reporting requirements\nCompetent authorities may continue to collect information through monitoring tools for the purpose of monitoring compliance with existing national liquidity standards, until the full introduction of binding liquidity requirements.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n460\nArticle 420(2)\nCompetent Authorities\nCredit Institutions\nLiquidity outflow rate\nThe competent authorities may apply an outflow rate up to 5 % for trade finance off-balance sheet related products, as referred to in Article 429 and Annex 1.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n470\nArticle 467(2)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised losses measured at fair value\nBy way of derogation from paragraph 1 of Article 467, the competent authorities may, in cases where such treatment was applied before 1 January 2014 , allow institutions not to include in any element of own funds unrealised gains or losses on exposures to central governments classified in the ‘ Available for Sale ’ category of EU-endorsed IAS 39.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n480\nArticle 467(3) second subparagraph\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised losses measured at fair value\nCompetent authorities shall determine and publish the applicable percentage in the ranges specified in points (a) to (d) of paragraph 2 of Article 467.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n490\nArticle 468(2)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised gains measured at fair value\nCompetent authorities may permit institutions to include in the calculation of their Common Equity Tier 1 capital 100 % of their unrealised gains at fair value where under Article 467 institutions are required to include their unrealised losses measured at fair value in the calculation of Common Equity Tier 1 capital.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n500\nArticle 468(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised gains measured at fair value\nCompetent authorities shall determine and publish the applicable percentage of unrealised gains in the ranges specified in points (a) to (c) of paragraph 2 of Article 468 that is removed from Common Equity Tier 1 capital.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n510\nArticle 471(1)\nCompetent Authorities\nCredit Institutions and Investment firms\nExemption from deduction of equity holding in insurance companies from CET1 items\nBy way of derogation from Article 49(1), during the period from 1 January 2014 to 31 December 2022 , competent authorities may permit institutions to not deduct equity holdings in insurance undertakings, reinsurance undertakings and insurance holding companies where the conditions set out in paragraph 1 of Article 471 are met.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n520\nArticle 473(1)\nCompetent Authorities\nCredit Institutions and Investment firms\nIntroduction of amendments to IAS 19\nBy way of derogation from Article 481 during the period from 1 January 2014 until 31 December 2018 , competent authorities may permit institutions that prepare their accounts in conformity with the international accounting standards adopted in accordance with the procedure laid down in Article 6(2) of Regulation (EC) No 1606/2002 to add to their Common Equity Tier 1 capital the applicable amount in accordance with paragraph 2 or 3 of Article 473, as applicable, multiplied by the factor applied in accordance with paragraph 4 of Article 473.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n530\nArticle 478(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nCompetent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 of Article 478 for each of the following deductions:\n(a) the individual deductions required pursuant to points (a) to (h) of Article 36(1), excluding deferred tax assets that rely on future profitability and arise from temporary differences;\n(b) the aggregate amount of deferred tax assets that rely on future profitability and arise from temporary differences and the items referred to in point (i) of Article 36(1) that is required to be deducted pursuant to Article 48;\n(c) each deduction required pursuant to points (b) to (d) of Article 56;\n(d) each deduction required pursuant to points (b) to (d) of Article 66.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n540\nArticle 479(4)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests\nCompetent authorities shall determine and publish the applicable percentage in the ranges specified in paragraph 3 of Article 479.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n550\nArticle 480(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional recognition of minority interests and qualifying Additional Tier 1 and Tier 2 capital\nCompetent authorities shall determine and publish the value of the applicable factor in the ranges specified in paragraph 2 of Article 480.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n560\nArticle 481(5)\nCompetent Authorities\nCredit Institutions and Investment firms\nAdditional transitional filters and deductions\nFor each filter or deduction referred to in paragraphs 1 and 2 of Article 481, competent authorities shall determine and publish the applicable percentages in the ranges specified in paragraphs 3 and 4 of that Article\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n570\nArticle 486(6)\nCompetent Authorities\nCredit Institutions and Investment firms\nLimits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nCompetent authorities shall determine and publish the applicable percentages in the ranges specified in paragraph 5 of Article 486.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n580\nArticle 495(1)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of equity exposures under the IRB approach\nBy way of derogation from Chapter 3 of Part Three, until 31 December 2017 , the competent authorities may exempt from the IRB treatment certain categories of equity exposures held by institutions and EU subsidiaries of institutions in that Member State as at 31 December 2007 .\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n590\nArticle 496(1)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional provision on the calculation of own fund requirements for exposures in the form of covered bonds\nUntil 31 December 2017 , competent authorities may waive in full or in part the 10 % limit for senior units issued by French Fonds Communs de Créances or by securitisation entities which are equivalent to French Fonds Communs de Créances laid down in points (d) and (f) of Article 129(1), provided that conditions specified in points (a) and (b) of Article 496(1) are fulfilled.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n600\nArticle 10(1)(b)(iii)\nCompetent Authorities\nCredit Institutions\nLCR - Liquid assets\nThe liquidity reserve held by the credit institution in a central bank is recognisable as Level 1 asset provided that it can be withdrawn in times of stress. The purposes under which central bank reserves may be withdrawn for the purposes of this Article must be specified in an agreement between the CA and the ECB or the central bank.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n610\nArticle 10(2)\nCompetent Authorities\nCredit Institutions\nLCR - Liquid assets\nThe market value of extremely high quality covered bonds referred to in paragraph 1(f) shall be subject to a haircut of at least 7 %. Except as specified in relation to shares and units in CIUs in points (a) and (b) of Article 15(2), no haircut shall be required on the value of the remaining level 1 assets.\nThose cases where the higher haircuts were set to an entire asset class (all assets subject to a specific and differentiated haircut in the LCR Delegated Regulation) (e.g. to all level 1 covered bonds, etc.).\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n620\nArticle 12(1)(c)(i)\nCompetent Authorities\nCredit Institutions\nLCR - Level 2B assets\nShares may constitute level 2B assets provided that they form part of a major stock index in a MS or in a third country, as identified as such by the CA of a MS or the relevant public authority in a third country.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n630\nArticle 12(3)\nCompetent Authorities\nCredit Institutions\nLCR - Level 2B assets\nFor credit institutions which in accordance with their statutes of incorporation are unable for reasons of religious observance to hold interest bearing assets, the competent authority may allow to derogate from points (ii) and (iii) of paragraph 1(b) of this Article, provided there is evidence of insufficient availability of non-interest bearing assets meeting these requirements and the non-interest bearing assets in question are adequately liquid in private markets.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\n640\nArticle 24(6)\nCompetent Authorities\nCredit Institutions\nLCR - Outflows from stable deposits in a third country qualifying for the 3 % rate\nCredit institutions may be authorised by their competent authority to multiply by 3 % the amount of the retail deposits covered by a deposit guarantee scheme in a third country equivalent to the scheme referred to in paragraph 1 if the third country allows this treatment.\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nPART 2\nTransitional options and discretions set out in Directive 2013/36/EU and Regulation (EU) No 575/2013\nDirective 2013/36/EU\nRegulation (EU) No 575/2013\nAdressee\nScope\nDenomination\nDescription of the option or discretion\nYear(s) of application and the value in % (if applicable)\nExercised (Y/N/NA)\nNational text\nReferences\nAvailable in EN (Y/N)\nDetails / Comments\n010\nDate of the last update of information in this template\n(dd/mm/yyyy)\n011\nArticle 160(6)\nMember States\nCredit Institutions and Investment firms\nTransitional provisions for capital buffers\nMember States may impose a shorter transitional period for capital buffers than that specified in paragraphs 1 to 4 of Article 160. Such a shorter transitional period may be recognised by other Member States.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n012\nArticle 493(3)(a)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt covered bonds falling within the terms of Article 129(1), (3) and (6).\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n013\nArticle 493(3)(b)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt asset items constituting claims on regional governments or local authorities of Member States.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n014\nArticle 493(3)(c)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures incurred by an institution to its parent undertaking or subsidiaries.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n015\nArticle 493(3)(d)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to regional or central credit institutions with which the credit institution is associated in a network and which are responsible for cash-clearing operations within the network.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n016\nArticle 493(3)(e)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to credit institutions incurred by credit institutions, one of which operates on a non-competitive basis and provides or guarantees loans under legislative programmes or its statutes, to promote specified sectors of the economy under some form of government oversight and restrictions on the use of the loans, provided that the respective exposures arise from such loans that are passed on to the beneficiaries via credit institutions or from the guarantees of these loans.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n017\nArticle 493(3)(f)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to institutions, provided that those exposures do not constitute such institutions' own funds, do not last longer than the following business day and are not denominated in a major trading currency.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n018\nArticle 493(3)(g)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to central banks in the form of required minimum reserves held at those central banks which are denominated in their national currencies.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n019\nArticle 493(3)(h)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt exposures to central governments in the form of statutory liquidity requirements held in government securities which are denominated and funded in their national currencies provided that, at the discretion of the competent authority, the credit assessment of those central governments assigned by a nominated External Credit Assessment Institution is investment grade.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n020\nArticle 493(3)(i)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt 50 % of medium/low risk off-balance sheet documentary credits and of medium/low risk off-balance sheet undrawn credit facilities referred to in Annex I and subject to the competent authorities' agreement, 80 % of guarantees other than loan guarantees which have a legal or regulatory basis and are given for their members by mutual guarantee schemes possessing the status of credit institutions.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n021\nArticle 493(3)(j)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt legally required guarantees used when a mortgage loan financed by issuing mortgage bonds is paid to the mortgage borrower before the final registration of the mortgage in the land register, provided that the guarantee is not used as reducing the risk in calculating the risk-weighted exposure amounts.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n022\nArticle 493(3)(k)\nMember States\nCredit Institutions and Investment firms\nExemptions or partial exemptions to large exposures limits\nCompetent authorities may fully or partially exempt assets items constituting claims on and other exposures to recognised exchanges.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n023\nArticle 412(5)\nMember States\nCredit Institutions\nLiquidity coverage requirement\nMember States may maintain or introduce national provisions in the area of liquidity requirements before binding minimum standards for liquidity coverage requirements are specified and fully introduced in the Union in accordance with Article 460.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n024\nArticle 412(5)\nMember States or Competent Authorities\nCredit Institutions\nLiquidity coverage requirement\nMember states or competent authorities may require domestically authorised institutions, or a subset of those institutions to maintain a higher liquidity coverage requirement up to 100 % until the binding minimum standard is fully introduced at a rate of 100 % in accordance with Article 460.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n025\nArticle 413(3)\nMember States\nCredit Institutions\nStable funding requirement\nMember States may maintain or introduce national provisions in the area of stable funding requirements before binding minimum standards for net stable funding requirements are specified and introduced in the Union in accordance with Article 510.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n026\nArticle 415(3)\nCompetent Authorities\nCredit Institutions\nLiquidity reporting requirements\nCompetent authorities may continue to collect information through monitoring tools for the purpose of monitoring compliance with existing national liquidity standards, until the full introduction of binding liquidity requirements.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n027\nArticle 467(2)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised losses measured at fair value\nBy way of derogation from paragraph 1 of Article 467, the competent authorities may, in cases where such treatment was applied before 1 January 2014 , allow institutions not to include in any element of own funds unrealised gains or losses on exposures to central governments classified in the ‘ Available for Sale ’ category of EU-endorsed IAS 39.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n028\nArticle 467(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised losses measured at fair value\nApplicable percentage of unrealised losses pursuant to Article 467(1) that are included in the calculation of Common Equity Tier 1 items (percentage in the ranges specified in paragraph 2 of that Article)\n2014 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n029\n2015 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n030\n2016 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n031\n2017 (80 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n032\nArticle 468(2) 2nd subparagrap\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised gains measured at fair value\nCompetent authorities may permit institutions to include in the calculation of their Common Equity Tier 1 capital 100 % of their unrealised gains at fair value where under Article 467 institutions are required to include their unrealised losses measured at fair value in the calculation of Common Equity Tier 1 capital.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n033\nArticle 468(3)\nCompetent Authorities\nCredit Institutions and Investment firms\nTransitional treatment of unrealised gains measured at fair value\nCompetent authorities shall determine and publish the applicable percentage of unrealised gains in the ranges specified in points (a) to (c) of paragraph 2 of Article 468 that is removed from Common Equity Tier 1 capital.\n2015 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n034\n2016 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n035\n2017 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n036\nArticle 471(1)\nCompetent Authorities\nCredit Institutions and Investment firms\nExemption from deduction of equity holding in insurance companies from CET1 items\nBy way of derogation from Article 49(1), during the period from 1 January 2014 to 31 December 2022 , competent authorities may permit institutions to not deduct equity holdings in insurance undertakings, reinsurance undertakings and insurance holding companies where the conditions set out in paragraph 1 of Article 471 are met.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n037\nArticle 473(1)\nCompetent Authorities\nCredit Institutions and Investment firms\nIntroduction of amendments to IAS 19\nBy way of derogation from Article 481 during the period from 1 January 2014 until 31 December 2018 , competent authorities may permit institutions that prepare their accounts in conformity with the international accounting standards adopted in accordance with the procedure laid down in Article 6(2) of Regulation (EC) No 1606/2002 to add to their Common Equity Tier 1 capital the applicable amount in accordance with paragraph 2 or 3 of Article 473, as applicable, multiplied by the factor applied in accordance with paragraph 4 of Article 473.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n038\nArticle 478(2)\nCredit Institutions and Investment firms\nDeduction from Common Equity Tier 1 items for deferred tax assets that existed prior to 1 January 2014\nApplicable percentage if the alternative applies (percentage in the ranges specified in paragraph 2 of Article 478)\n2014 (0 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n039\n2015 (10 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n040\n2016 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n041\n2017 (30 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n042\n2018 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n043\n2019 (50 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n044\n2020 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n045\n2021 (70 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n046\n2022 (80 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n047\n2023 (90 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n048\nArticle 478(3)(a)\nCredit Institutions and Investment firms\nTransitional deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nCompetent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 of Article 478 for (a) the individual deductions required pursuant to points (a) to (h) of Article 36(1), excluding deferred tax assets that rely on future profitability and arise from temporary differences;\n2014 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n049\n2015 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n050\n2016 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n051\n2017 (80 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n052\nArticle 478(3)(b)\nCredit Institutions and Investment firms\nTransitional deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nCompetent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 of Article 478 for (b) the aggregate amount of deferred tax assets that rely on future profitability and arise from temporary differences and the items referred to in point (i) of Article 36(1) that is required to be deducted pursuant to Article 48;\n2014 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n053\n2015 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n054\n2016 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n055\n2017 (80 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n056\nArticle 478(3)(c)\nCredit Institutions and Investment firms\nTransitional deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nCompetent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 of Article 478 for (c) each deduction required pursuant to points (b) to (d) of Article 56;\n2014 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n057\n2015 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n058\n2016 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n059\n2017 (80 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n060\nArticle 478(3)(d)\nCredit Institutions and Investment firms\nTransitional deductions from Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nCompetent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 of Article 478 for (d) each deduction required pursuant to points (b) to (d) of Article 66.\n2014 (20 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n061\n2015 (40 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n062\n2016 (60 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n063\n2017 (80 % to 100 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n064\nArticle 479(4)\nCredit Institutions and Investment firms\nTransitional recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests\nCompetent authorities shall determine and publish the applicable percentage in the ranges specified in paragraph 3 of Article 479.\n2014 (0 % to 80 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n065\n2015 (0 % to 60 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n066\n2016 (0 % to 40 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n067\n2017 (0 % to 20 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n068\nArticle 480(3)\nCredit Institutions and Investment firms\nTransitional recognition of minority interests and qualifying Additional Tier 1 and Tier 2 capital\nCompetent authorities shall determine and publish the value of the applicable factor in the ranges specified in paragraph 2 of Article 480.\n2014 (0,2 to 1,0)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n069\n2015 (0,4 to 1,0)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n070\n2016 (0,6 to 1,0)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n071\n2017 (0,8 to 1,0)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n072\nArticle 481(1)\nCredit Institutions and Investment firms\nApplicable percentage if a single percentage applies (percentage in the ranges specified in paragraph 3 of Article 481)\n2014 (0 % to 80 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n073\n2015 (0 % to 60 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n074\n2016 (0 % to 40 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n075\n2017 (0 % to 20 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n076\nArticle 481(5)\nAdditional transitional filters and deductions\nFor each filter or deduction referred to in paragraphs 1 and 2 of Article 481, competent authorities shall determine and publish the applicable percentages in the ranges specified in paragraphs 3 and 4 of that Article\n2014 (0 % to 80 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n077\n2015 (0 % to 60 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n078\n2016 (0 % to 40 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n079\n2017 (0 % to 20 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n080\nArticle 486(6)\nCredit Institutions and Investment firms\nLimits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items\nApplicable percentage for determining the limits for grandfathering of items within Common Equity Tier 1 items pursuant to paragraph 2 of Article 486 (percentage in the ranges specified in paragraph 5 of that Article)\n2014 (60 % to 80 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n081\n2015 (40 % to 70 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n082\n2016 (20 % to 60 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n083\n2017 (0 % to 50 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n084\n2018 (0 % to 40 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n085\n2019 (0 % to 30 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n086\n2020 (0 % to 20 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n087\n2021 (0 % to 10 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n088\nApplicable percentage for determining the limits for grandfathering of items within Additional Tier 1 items pursuant to paragraph 3 of Article 486 (percentage in the ranges specified in paragraph 5 of that Article)\n2014 (60 % to 80 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n089\n2015 (40 % to 70 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n090\n2016 (20 % to 60 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n091\n2017 (0 % to 50 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n092\n2018 (0 % to 40 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n093\n2019 (0 % to 30 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n094\n2020 (0 % to 20 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n095\n2021 (0 % to 10 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n096\nApplicable percentage for determining the limits for grandfathering of items within Tier 2 items pursuant to paragraph 4 of Article 486 (percentage in the ranges specified in paragraph 5 of that Article)\n2014 (60 % to 80 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n097\n2015 (40 % to 70 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n098\n2016 (20 % to 60 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n099\n2017 (0 % to 50 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n100\n2018 (0 % to 40 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n101\n2019 (0 % to 30 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n102\n2020 (0 % to 20 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n103\n2021 (0 % to 10 %)\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n104\nArticle 495(1)\nCredit Institutions and Investment firms\nTransitional treatment of equity exposures under the IRB approach\nBy way of derogation from Chapter 3 of Part Three, until 31 December 2017 , the competent authorities may exempt from the IRB treatment certain categories of equity exposures held by institutions and EU subsidiaries of institutions in that Member State as at 31 December 2007 .\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\n105\nArticle 496(1)\nCredit Institutions and Investment firms\nTransitional provision on the calculation of own fund requirements for exposures in the form of covered bonds\nUntil 31 December 2017 , competent authorities may waive in full or in part the 10 % limit for senior units issued by French Fonds Communs de Créances or by securitisation entities which are equivalent to French Fonds Communs de Créances laid down in points (d) and (f) of Article 129(1), provided that conditions specified in points (a) and (b) of Article 496(1) are fulfilled.\n[Year]\n[Y/N/NA]\nMandatory if Y\nMandatory if Y\nMandatory if Y\nPART 3\nVariable elements of remuneration (Article 94 of Directive 2013/36 EU)\nDirective 2013/36/EU\nAdressee\nScope\nProvisions\nInformation to disclose\nExercised (Y/N/NA)\nReferences\nAvailable in EN (Y/N)\nDetails / Comments\n010\nDate of the last update of information in this template\n(dd/mm/yyyy)\n020\nArticle 94(1)(g)(i)\nMember States or Competent Authorities\nCredit Institutions and Investment firms\nMaximum ratio between the variable and fixed components of remuneration (% set in national law calculated as variable component divided by fixed component of remuneration)\n[Value in %]\n[Y/N]\nMandatory if Y\nMandatory if Y\n030\nArticle 94(1)(g)(ii)\nMember States or Competent Authorities\nCredit Institutions and Investment firms\nMaximum level of the ratio between the variable and fixed components of remuneration which may be approved by shareholders or owners or members of the institution (% set in national law calculated as variable component divided by fixed component of remuneration)\n[Value in %]\n[Y/N]\nMandatory if Y\nMandatory if Y\n040\nArticle 94(1)(g)(iii)\nMember States or Competent Authorities\nCredit Institutions and Investment firms\nMaximum part of the total variable remuneration to which the discount rate may be applied (% of the total variable remuneration)\n[Value in %]\n[Y/N]\nMandatory if Y\nMandatory if Y\n050\nArticle 94(1)(l)\nMember States or Competent Authorities\nCredit Institutions and Investment firms\nDescription of any restriction on the types and designs or prohibitions of instruments that can be used for the purposes of awarding variable remuneration\n[Free text/value]\n[Y/N]\nMandatory if Y\nMandatory if Y",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Commission Implementing Regulation (EU) 2019/912 of 28 May 2019 amending Implementing Regulation (EU) No 650/2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council (Text with EEA relevance)."
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "‘ Y ’ (Yes) indicates that the competetent authority or Member State empowered to exercise the relevant option or discretion has exercised it. ‘ N ’ (No) Indicates that the competetent authority or Member State empowered to exercise the relevant option or discretion has not exercised it. ‘ NA ’ (Not applicable) indicates that the exercise of the option is not possible or the discretion does not exist."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The text of the provision in the national legislation."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Reference in the national legislation and hyperlink(s) to the website containing the national text transposing the Union provision in question."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2014/650/annex/II",
    "retrieved_at": "2026-11-01T14:47:33.628714+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."
}