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Commission Implementing Regulation (EU) 2018/1580 of 19 October 2018 amending Implementing Regulation (EU) 2015/2197 laying down implementing technical standards with regard to closely correlated currencies in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)

EU Regulation 2018/1580 · Adopted 19 October 2018 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Implementing Regulation (EU) 2018/1580

of 19 October 2018

amending Implementing Regulation (EU) 2015/2197 laying down implementing technical standards with regard to closely correlated currencies in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council

(Text with EEA relevance)

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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 648/2012f1 and in particular Article 354(3) thereof,

Whereas:

(1)

In order to ensure that the currency pairs referred to in the Annex to Commission Implementing Regulation (EU) 2015/2197f2 continue to reflect the actual correlation between the relevant currencies, it is necessary to update the list of closely correlated currencies.

(2)

The list uses 31 March 2017 as the end date for the purpose of computing the three and five year data series required to assess the currency pairs in accordance with Regulation (EU) No 575/2013.

(3)

This Regulation is based on the draft implementing technical standards submitted by the European Banking Authority (EBA) to the Commission.

(4)

Given that the necessary amendments to Implementing Regulation (EU) 2015/2197 do not involve significant changes in substantive terms, in accordance with the second subparagraph of Article 15(1) of Regulation (EU) No 1093/2010f3, EBA has not conducted an open public consultation, considering that it would be disproportionate in relation to the scope and impact of the draft implementing technical standards concerned.

(5)

Implementing Regulation (EU) 2015/2197 should therefore be amended accordingly,

HAS ADOPTED THIS REGULATION:

Annotations to the whole text

Modifications

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Regulation: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pts. 1, 3; S.I. 2023/779, reg. 2(d)

Footnotes

f1

OJ L 176, 27.6.2013, p. 1.

f2

Commission Implementing Regulation (EU) 2015/2197 of 27 November 2015 laying down implementing technical standards with regard to closely correlated currencies in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council (OJ L 313, 28.11.2015, p. 30).

f3

Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).

Contents

  1. 1Subject matter
  2. 2Entry into force
  3. Signature
  4. Annex: List of closely correlated currencies
  5. 1- List of closely correlated currencies against tPart 1- List of closely correlated currencies against t
  6. 2- List of closely correlated currencies against tPart 2- List of closely correlated currencies against t
  7. 3- List of closely correlated currencies against tPart 3- List of closely correlated currencies against t
  8. 4- List of closely correlated currencies against tPart 4- List of closely correlated currencies against t
  9. 5- List of closely correlated currencies against tPart 5- List of closely correlated currencies against t
  10. 6- List of closely correlated currencies against tPart 6- List of closely correlated currencies against t
  11. 7- List of closely correlated currencies against tPart 7- List of closely correlated currencies against t
  12. 8- List of closely correlated currencies against tPart 8- List of closely correlated currencies against t
  13. 9- List of closely correlated currencies against tPart 9- List of closely correlated currencies against t
  14. 10- List of closely correlated currencies against Part 10- List of closely correlated currencies against
  15. 11- List of closely correlated currencies against Part 11- List of closely correlated currencies against
  16. 12- List of closely correlated currencies against Part 12- List of closely correlated currencies against
  17. 13- List of closely correlated currencies against Part 13- List of closely correlated currencies against
  18. 14- List of closely correlated currencies against Part 14- List of closely correlated currencies against
  19. 15- List of closely correlated currencies against Part 15- List of closely correlated currencies against
  20. 16- List of closely correlated currencies against Part 16- List of closely correlated currencies against
  21. 17- List of closely correlated currencies against Part 17- List of closely correlated currencies against
  22. 18- List of closely correlated currencies against Part 18- List of closely correlated currencies against
  23. 19- List of closely correlated currencies against Part 19- List of closely correlated currencies against
  24. 20- List of closely correlated currencies against Part 20- List of closely correlated currencies against
  25. 21- List of closely correlated currencies against Part 21- List of closely correlated currencies against
  26. 22- List of closely correlated currencies against Part 22- List of closely correlated currencies against
  27. 23- List of closely correlated currencies against Part 23- List of closely correlated currencies against
  28. 24- List of closely correlated currencies against Part 24- List of closely correlated currencies against
  29. 25- List of closely correlated currencies against Part 25- List of closely correlated currencies against
  30. 26- List of closely correlated currencies against Part 26- List of closely correlated currencies against

1Subject matter

The Annex to Implementing Regulation (EU) 2015/2197 is replaced by the text as set out in the Annex to this Regulation.

2Entry 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.

Done at Brussels, 19 October 2018.

For the Commission

The President

Jean-Claude Juncker

1- List of closely correlated currencies against t

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Croatian Kuna (HRK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Romanian Leu (RON), Serbian Dinar (RSD).

2- List of closely correlated currencies against t

Chinese Yuan (CNY), Hong Kong Dollar (HKD), Lebanese Pound (LBP), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

3- List of closely correlated currencies against t

Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Danish Krone (DKK), Croatian Kuna (HRK), Moroccan Dirham (MAD), Romanian Leu (RON), Serbian Dinar (RSD), Euro (EUR).

4- List of closely correlated currencies against t

Albanian Lek (ALL), Bulgarian Lev (BGN), Czech Koruna (CZK), Danish Krone (DKK), Croatian Kuna (HRK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Romanian Leu (RON), Serbian Dinar (RSD), Euro (EUR).

5- List of closely correlated currencies against t

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Czech Koruna (CZK), Danish Krone (DKK), Croatian Kuna (HRK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Romanian Leu (RON), Serbian Dinar (RSD), Euro (EUR).

6- List of closely correlated currencies against t

Arab Emirates Dirham (AED), Hong Kong Dollar (HKD), Lebanese Pound (LBP), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

7- List of closely correlated currencies against t

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Danish Krone (DKK), Croatian Kuna (HRK), Moroccan Dirham (MAD), FYROM Denar (MKD), Romanian Leu (RON), Serbian Dinar (RSD), Euro (EUR).

8- List of closely correlated currencies against t

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Croatian Kuna (HRK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Romanian Leu (RON), Serbian Dinar (RSD).

9- List of closely correlated currencies against t

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Lebanese Pound (LBP), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

10- List of closely correlated currencies against

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Danish Krone (DKK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Romanian Leu (RON), Serbian Dinar (RSD), Euro (EUR).

11- List of closely correlated currencies against

Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Danish Krone (DKK), Croatian Kuna (HRK), Moroccan Dirham (MAD), Polish Zloty (PLN), Romanian Leu (RON), Serbian Dinar (RSD), Euro (EUR).

12- List of closely correlated currencies against

Moroccan Dirham (MAD), Thai Baht (THB).

13- List of closely correlated currencies against

Thai Baht (THB).

14- List of closely correlated currencies against

Singapore Dollar (SGD).

15- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

16- List of closely correlated currencies against

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Danish Krone (DKK), Croatian Kuna (HRK), Hungarian Forint (HUF), Israeli New Shekel (ILS), Romanian Leu (RON), Serbian Dinar (RSD), Singapore Dollar (SGD), Euro (EUR).

17- List of closely correlated currencies against

Czech Koruna (CZK).

18- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Lebanese Pound (LBP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

19- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Lebanese Pound (LBP), Macau Pataca (MOP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

20- List of closely correlated currencies against

Hungarian Forint (HUF).

21- List of closely correlated currencies against

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Danish Krone (DKK), Croatian Kuna (HRK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Serbian Dinar (RSD), Euro (EUR).

22- List of closely correlated currencies against

Albanian Lek (ALL), Bosnia and Herzegovina Mark (BAM), Bulgarian Lev (BGN), Czech Koruna (CZK), Danish Krone (DKK), Croatian Kuna (HRK), Hungarian Forint (HUF), Moroccan Dirham (MAD), Romanian Leu (RON), Euro (EUR).

23- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), South Korean Won (KRW), Lebanese Pound (LBP), Moroccan Dirham (MAD), Macau Pataca (MOP), Philippine Peso (PHP), Thai Baht (THB), Taiwanese Dollar (TWD), US Dollar (USD).

24- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Israeli New Shekel (ILS), Indian Rupee (INR), Lebanese Pound (LBP), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Taiwanese Dollar (TWD), US Dollar (USD).

25- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Lebanese Pound (LBP), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), US Dollar (USD).

26- List of closely correlated currencies against

Arab Emirates Dirham (AED), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Lebanese Pound (LBP), Macau Pataca (MOP), Philippine Peso (PHP), Singapore Dollar (SGD), Thai Baht (THB), Taiwanese Dollar (TWD).