Question ID:
2013_30
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Own funds
Article:
486
Paragraph:
5
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Not applicable
Article/Paragraph:
N/A
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
Grandfathering limit
Question:
Once applicable percentages in the range are specified by the local regulator, would it be applied: (1) at the beginning of the period; (2) at the end of the period or (3) on a straight-line basis throughout the 12 months period?
Background on the question:
Impact on capital planning for issuers
Date of submission:
05/07/2013
Published as Final Q&A:
29/11/2013
EBA Answer:

Competent authorities may choose to apply the applicable percentages they have chosen stepwise from the beginning of the period (the percentage chosen would be applicable during 12 months) or on a straight line basis throughout the 12 month period.

Status:
Final Q&A
Answer prepared by:
Answer prepared by the EBA.
Note to Q&A:
Update 26.03.2021: This Q&A has been reviewed in the light of the changes introduced to Regulation (EU) No 575/2013 (CRR) and continues to be relevant.
Image CAPTCHA