There has been published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2017/2188 of 11 August 2017 amending the Capital Requirements Regulation (CRR) as regards the waiver on own funds requirements for certain covered bonds. The Delegated Regulation makes an amendment by replacing the introductory sentence in Article 496(1) of the CRR with:
“Competent authorities may waive in full or in part the 10% limit for senior units issued by French Fonds Communs de Creances or by securitisation entities which are equivalent to French Fonds Communs de Creances laid down in points (d) and (f) of Article 129(1), provided that both of the following are fulfilled:”.
The Delegated Regulation will enter into force 20 days after its publication in the OJ, that is 1 January 2018.
