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Commission Delegated Regulation (EU) No 342/2014Show full title

Commission Delegated Regulation (EU) No 342/2014 of 21 January 2014 supplementing Directive 2002/87/EC of the European Parliament and of the Council and Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates (Text with EEA relevance)

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Commission Delegated Regulation (EU) No 342/2014 is up to date with all changes known to be in force on or before 12 August 2026. There are changes that may be brought into force at a future date. Help about Changes to Legislation

EUR 2014 No. 342 may be subject to amendment by EU Exit Instruments made by both the Prudential Regulation Authority and the Financial Conduct Authority under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 4. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.

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Changes and effects yet to be applied to :

  1. Introductory Text

  2. CHAPTER I SUBJECT MATTER AND DEFINITIONS

    1. Article 1.Subject matter

    2. Article 2.Definitions

  3. CHAPTER II TECHNICAL PRINCIPLES

    1. Article 3.Elimination of multiple gearing and the intra-group creation of own funds

    2. Article 4.Transferability and availability of own funds

    3. Article 5.Sector specific own funds

    4. Article 6.Deficit of own funds at the financial conglomerate level

    5. Article 7.Consistency

    6. Article 8.Consolidation

    7. Article 9.Solvency requirement

    8. Article 10.The financial conglomerate's own funds and solvency requirements

    9. Article 11.Treatment of cross sector holdings

    10. Article 12.Notional own funds and notional solvency requirements for non-regulated financial sector entities

    11. Article 13.Sectoral transitional and grandfathering arrangements

  4. CHAPTER III TECHNICAL CALCULATION METHODS

    1. Article 14.Specification of technical calculation under method 1 pursuant to Directive 2002/87/EC

    2. Article 15.Specification of technical calculation under method 2 pursuant to Directive 2002/87/EC

    3. Article 16.Specification of circumstances for the use of Method 3 pursuant to Directive 2002/87/EC

  5. CHAPTER IV FINAL PROVISIONS

    1. Article 17.Entry into force

  6. Signature

    1. ANNEX

      Calculation methodology for Method 2 pursuant to Directive 2002/87/EC

      1. The calculation of supplementary capital adequacy requirements under method 2...

      2. scar = ∑ i = 1 Gfin x i OF...

      3. scar ≥ 0

      4. where own funds (OFi ) exclude intra-group capital instruments that...

      5. The supplementary capital adequacy requirements (scar) shall thus be calculated...

      6. the sum of the own funds (OFi ) of each...

      7. In the case of non-regulated financial sector entities, a notional...

      8. The difference shall not be negative.

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