Regulation (EU) 2016/445 of the European Central Bank
of 14 March 2016
on the exercise of options and discretions available in Union law (ECB/2016/4) (revoked)

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Regulation revoked (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 33(k); 2020 c. 1, Sch. 5 para. 1(1)

Article 1 Subject matter and scope
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Article 2 Definitions
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CHAPTER I OWN FUNDS

Article 3 Article 89(3) of Regulation (EU) No 575/2013: Risk weighting and prohibition of qualifying holdings outside the financial sector
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CHAPTER II CAPITAL REQUIREMENTS

Article 4 Article 178(1) of Regulation (EU) No 575/2013: Default of an obligor
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Article 5 Article 282(6) of Regulation (EU) No 575/2013: Hedging sets
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Article 6 Article 327(2) of Regulation (EU) No 575/2013: Netting
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Article 7 Article 380 of Regulation (EU) No 575/2013: Waiver
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CHAPTER III LARGE EXPOSURES

Article 8 Article 395(1) of Regulation (EU) No 575/2013: Limits to large exposures
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Article 9 Article 400(2) of Regulation (EU) No 575/2013: Exemptions
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CHAPTER IV LIQUIDITY

Article 10 Article 415(3) of Regulation (EU) No 575/2013: Reporting obligation
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Article 11 Article 420(2) of Regulation (EU) No 575/2013 and Article 23(2) of Delegated Regulation (EU) 2015/61: Liquidity outflows
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Article 12 Article 12(3) of Delegated Regulation (EU) 2015/61: Level 2B assets
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Article 13 Article 24(4) and (5) of Delegated Regulation (EU) 2015/61: Outflows from stable retail deposits
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CHAPTER V TRANSITIONAL PROVISIONS OF REGULATION (EU) NO 575/2013

Article 14 Article 467(3) of Regulation (EU) No 575/2013: Unrealised losses measured at fair value
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Article 15 Article 468(3) of Regulation (EU) No 575/2013: Unrealised gains measured at fair value
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Article 16 Article 471(1) of Regulation (EU) No 575/2013: Exemption from deduction of equity holdings in insurance companies from Common Equity Tier 1 items
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Article 17 Article 473(1) of Regulation (EU) No 575/2013: Introduction of amendments to the International Accounting Standard 19
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Article 18 Article 478(3)(a),(c) and (d) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1, additional Tier 1 and Tier 2 items
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Article 19 Article 478(3)(a) and (b) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1 of significant investments in financial sector entities and deferred tax assets that rely on future profitability
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Article 20 Article 479(1) and (4) of Regulation (EU) No 575/2013: Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests
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Article 21 Article 480(3) of Regulation (EU) No 575/2013: Recognition in consolidated own funds of minority interests and qualifying additional Tier 1 and Tier 2 capital
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Article 22 Article 481(1) and (5) of Regulation (EU) No 575/2013: Additional filters and deductions
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Article 23 Article 486(6) of Regulation (EU) No 575/2013: Limits for grandfathering items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items
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Article 24 Article 495(1) of Regulation (EU) No 575/2013: Treatment of equity exposures under the Internal Ratings Based (IRB) approach
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Article 25 Entry into force
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ANNEX I Conditions for assessing an exemption from the large exposure limit, in accordance with Article 400(2)(c) of Regulation (EU) No 575/2013 and Article 9(3) of this Regulation
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2. Credit institutions must take the following criteria into account when assessing whether an exposure referred to in Article 400(2)(c) of Regulation (EU) No 575/2013 meets the conditions for an exemption from the large exposure limit, in accordance with Article 400(3) of Regulation (EU) No 575/2013.
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3. For the purposes of verifying whether the conditions specified in paragraph 1 and 2 are met, the European Central Bank may request credit institutions to submit the following documentation.
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ANNEX II Conditions for assessing an exemption from the large exposure limit, in accordance with Article 400(2)(d) of Regulation (EU) No 575/2013 and Article 9(4) of this Regulation

1. Credit institutions must take the following criteria into account when assessing whether an exposure referred to in Article 400(2)(d) of Regulation (EU) No 575/2013 meets the conditions for an exemption from the large exposure limit, in accordance with Article 400(3) of Regulation (EU) No 575/2013.
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2. In addition to the conditions set out in paragraph 1, credit institutions must take into account, for the purpose of assessing whether the regional or central body with which the credit institution is associated in a network is responsible for cash-clearing operations, as provided for in Article 400(2)(d) of Regulation (EU) No 575/2013, whether the by-laws or articles of association of the regional or central body explicitly contain such responsibilities, including, but not limited to the following:
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3. For the purposes of verifying whether the conditions specified in paragraph 1 and 2 are met, the European Central Bank may request credit institutions to submit the following documentation.
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