Q&As

Regarding the Capital Requirements Regulation (CRR) (EU Regulation 575/2013) is there a transition period for banks to comply in relation to subordinated loan agreements that are covered by article 63 of the Regulation?

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Published on LexisPSL on 30/11/2016

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

  • Regarding the Capital Requirements Regulation (CRR) (EU Regulation 575/2013) is there a transition period for banks to comply in relation to subordinated loan agreements that are covered by article 63 of the Regulation?
  • CRR transitional provisions
  • EBA’s Single Rulebook Q&As
  • PRA ‘Strengthening Capital Standards: implementing CRD IV’ (August 2013)

CRR transitional provisions

The transitional provisions of the Capital Requirements Regulation (CRR) (Regulation 575/2013) are set out in Part Ten of the CRR. Article 521 within Part Eleven of the CRR sets out that the CRR applies from 1 January 2014 with the exception of the list of articles set out in Article 521 2(a), (b) and (c) (which does not include Article 63).

Chapter 2 of Part Ten sets out arrangements with regards to the grandfathering of capital instruments and derogations from the wording in Article 63 for certain types of instruments as set out within Articles 483, 484 and 490 of the CRR.

The wo

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