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,
Whereas:
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.
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.
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.
This Regulation is based on the draft implementing technical standards submitted by the European Banking Authority to the Commission.
HAS ADOPTED THIS REGULATION:
Article 1Stock 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.
Article 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.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
F1ANNEX 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 |