CRR Tool
Capital Requirements Regulation (CRR)
Article 344
Article 344 - Stock indices
Table of content
Article 387 - Subject matterArticle 389 - DefinitionQ&AArticle 390 - Calculation of the exposure valueITS/RTSQ&AArticle 391 - Definition of an institution for large exposures purposesITS/RTSQ&AArticle 392 - Definition of a large exposureQ&AArticle 393 - Capacity to identify and manage large exposuresArticle 394 - Reporting requirementsITS/RTSQ&AArticle 395 - Limits to large exposuresQ&AOPGLArticle 396 - Compliance with large exposures requirementsGLArticle 397 - Calculating additional own funds requirements for large exposures in the trading bookArticle 398 - Procedures to prevent institutions from avoiding the additional own funds requirementArticle 399 - Eligible credit mitigation techniquesQ&AArticle 400 - ExemptionsQ&AArticle 401 - Calculating the effect of the use of credit risk mitigation techniquesQ&AOPArticle 402 - Exposures arising from mortgage lendingQ&AArticle 403 - Substitution approachQ&AGL
Article 429 - Calculation of the leverage ratioQ&AArticle 429a - Exposures excluded from the total exposure measureQ&ADCArticle 429b - Calculation of the exposure value of assetsQ&AArticle 429c - Calculation of the exposure value of derivativesQ&AArticle 429d - Additional provisions on the calculation of the exposure value of written credit derivativesQ&AArticle 429e - Counterparty credit risk add-on for securities financing transactionsQ&AArticle 429f - Calculation of the exposure value of off-balance-sheet itemsQ&AArticle 429g - Calculation of the exposure value of regular-way purchases and sales awaiting settlementQ&A
Article 430 - Reporting on prudential requirements and financial informationITS/RTSQ&AArticle 430a - Specific reporting obligationsQ&AArticle 430b - Specific reporting requirements for market riskITS/RTSArticle 430c - Feasibility report on the integrated reporting system
Article 456 - Delegated actsQ&AOPArticle 457 - Technical adjustments and correctionsArticle 458 - Macroprudential or systemic risk identified at the level of a Member StateOPArticle 459 - Prudential requirementsArticle 460 - LiquidityITS/RTSQ&AArticle 461 - Review of the phasing-in of the liquidity coverage requirementArticle 461a - Alternative standardised approach for market riskArticle 462 - Exercise of the delegationArticle 463 - Objections to regulatory technical standardsArticle 464 - European Banking Committee
Article 344
Stock indices
1.
EBA shall develop draft implementing technical standards listing the stock indices for which the treatments set out in the second sentence of paragraph 4 is available.
EBA shall submit those draft implementing technical standards to the Commission by 1 January 2014.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1093/2010.
2.
Before the entry into force of the technical standards referred to in paragraph 1, institutions may continue to apply the treatment set out in the second sentence of paragraph 4, where the competent authorities have applied that treatment before 1 January 2014.
3.
Stock-index futures, the delta-weighted equivalents of options in stock-index futures and stock indices collectively referred to hereafter as ‘stock-index futures’, may be broken down into positions in each of their constituent equities. These positions may be treated as underlying positions in the equities in question, and may, be netted against opposite positions in the underlying equities themselves. Institutions shall notify the competent authority of the use they make of that treatment.
4.
Where a stock-index future is not broken down into its underlying positions, it shall be treated as if it were an individual equity. However, the specific risk on this individual equity can be ignored if the stock-index future in question is exchange traded and represents a relevant appropriately diversified index.