# Commission Implementing Regulation (EU) No 945/2014 of 4 September 2014 laying down implementing technical standards with regard to relevant appropriately diversified indices according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance) EU Regulation No 945/2014 · adopted 4 September 2014 Commission Implementing Regulation (EU) No 945/2014 of 4 September 2014 laying down implementing technical standards with regard to relevant appropriately diversified indices according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance) ## Introductory text Commission Implementing Regulation (EU) No 945/2014 of 4 September 2014 laying down implementing technical standards with regard to relevant appropriately diversified indices according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 and in particular the third subparagraph of Article 344(1) thereof, Whereas: (1) Pursuant to Article 344(4) of Regulation (EU) No 575/2013, the specific risk of a stock-index future which would be treated as an individual equity in accordance with that Article can be ignored where the relevant stock-index is exchange traded and represents a relevant appropriately diversified index. (2) Where an exchange traded stock-index future is appropriately diversified, it can be assumed that such stock-index represents no specific risk. This is considered to be the case where the index contains at least 20 equities, no single entity contained within them represents more than 25 % of the total index and 10 % of the largest equities (rounding up the number of equities to the superior natural number) represent less than 60 % of the total index. In addition, the index must encompass equities from at least a national market, and they must comprise equities from at least four industries amongst oil and gas, basic materials, industrials, consumer goods, health care, consumer services, telecommunications, utilities, financials and technology. (3) Given that Article 344(4) of Regulation (EU) No 575/2013 refers to ‘relevant’ eligible indices, only those stock indices which are relevant for financial institutions in the Union have been assessed against the criteria for identifying eligible stock indices. (4) This Regulation is based on the draft implementing technical standards submitted by the European Banking Authority to the Commission. (5) The European Banking Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council, HAS ADOPTED THIS REGULATION: ## 1 Stock indices for the purposes of Article 344 of Regulation (EU) No 575/2013 The list of stock indices, for which the treatments set out in the second sentence of Article 344(4) of Regulation (EU) No 575/2013 is available, are provided in the Annex. ## 2 Entry into Force This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. ## Signature This Regulation shall be binding in its entirety and directly applicable in all Member States. ## Stock indices meeting the requirements of Article 344 of Regulation (EU) No 575/2013 Index Country\Area 1. STOXX Asia/Pacific 600 Asia/Pacific 2. ASX100 Australia 3. ASX200 Australia 4. S&P All Ords Australia 5. ATX Austria 6. ATX Prime Austria 7. BEL20 Belgium 8. SaoPaulo – Bovespa Brazil 9. TSX60 Canada 10. CETOP20 Index Central Europe 11. CSI 100 Index China 12. CSI 300 Index China 13. FTSE China A50 Index China 14. Hang Seng Mainland 100 China China 15. PX Global Prague Czech Republic 16. OMX Copenhagen 20 CAP Denmark 17. OMX Copenhagen 25 Denmark 18. OMX Copenhagen Benchmark Denmark 19. FTSE RAFI Developed 1000 Developed Markets 20. CECE Composite Index EUR Eastern Europe 21. FTSE RAFI Emerging Markets Emerging Markets 22. MSCI Emerging Markets 50 Emerging Markets 23. Bloomberg European 500 Europe 24. DJ Euro STOXX 50 Europe 25. FTSE Euro 100 Europe 26. FTSE Eurofirst 100 Europe 27. FTSE Eurofirst 300 Europe 28. FTSE Eurofirst 80 Europe 29. FTSE EuroMid Europe 30. FTSE Eurotop 100 Europe 31. MSCI Euro Europe 32. MSCI Europe Europe 33. MSCI Pan-Euro Europe 34. NTX New Europe Blue Chip Europe 35. S&P Euro Europe 36. S&P Europe 350 Europe 37. STOXX All Europe 100 Europe 38. STOXX All Europe 800 Europe 39. STOXX Europe 50 Europe 40. STOXX Europe 600 Europe 41. STOXX Europe 600 Equal Weight Europe 42. STOXX Europe Enlarged TMI Europe 43. STOXX Europe Lrg 200 Europe 44. STOXX Europe Mid 200 Europe 45. STOXX Europe Small 200 Europe 46. STOXX Select Dividend 30 Europe 47. OMXH25 Finland 48. CAC40 France 49. SBF 120 France 50. DAX Germany 51. HDAX Germany 52. MDAX Germany 53. SDAX Germany 54. FTSE RAFI All World Global 55. MSCI World Index Global 56. Athens General Greece 57. FT ASE Large Cap Greece 58. Hang Seng Hong Kong 59. Hang Seng China Enterprises Hong Kong 60. NIFTY 50 India 61. ISEQ 20 Ireland 62. FTSE MIB Italy 63. Nikkei225 Japan 64. Nikkei300 Japan 65. TOPIX 400 Japan 66. TOPIX Core 30 Japan 67. S&P Latin America 40 Latin America 68. FTSE Bursa Malaysia KLCI Malaysia 69. FTSE Bursa Malaysia Top100 Malaysia 70. MSE Share Index Malta 71. INMEX Index Mexico 72. IPC Index Mexico 73. AMX Netherlands 74. AEX Netherlands 75. NZSE50 New Zealand 76. OBX Norway 77. OBXP Norway 78. mWIG40 Poland 79. WIG20 Poland 80. MOEX Russia 81. MSCI Russia Index Russia 82. MSCI Singapore Free Index Singapore 83. Straits Times Index Singapore 84. FTSE JSE Top 40 South Africa 85. IBEX35 Spain 86. OMX Stockholm 30 Sweden 87. SMI Switzerland 88. SMI MID Switzerland 89. FTSE NASDAQ Dubai 20 UAE 90. FTSE 100 UK 91. FTSE AIM 100 UK 92. FTSE AIM UK 50 UK 93. FTSE Fledgling UK 94. FTSE mid-250 UK 95. FTSE Small Cap UK 96. Dow Jones Ind. Av. USA 97. NASDAQ 100 USA 98. S&P 500 USA --- Source: https://www.legislation.gov.uk/eur/2014/945 (the official version) Page: https://openlegislation.uk/eu-regulation-2014-945 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.