There has been published in the Official Journal of the EU (OJ) a Commission Delegated Regulation that amends certain errors that have been identified in earlier regulatory technical standards concerning non-delta risk (Delegated Regulation (EU) No. 528/2014) and identified staff (Delegated Regulation (EU) No. 604/2014).
Under Delegated Regulation (EU) No 528/2014 the simplified approach should only be available for institutions that exclusively purchase options and warrants, but they should not be obliged to use that approach. It is, therefore, appropriate to correct the wording of Article 2 of this Delegated Regulation which obliges those institutions to use the simplified approach and does not prevent other institutions from using that approach as well.
Delegated Regulation (EU) No. 604/2014 is being amended to qualify any staff whose total remuneration takes them into the same remuneration bracket as senior management and risk takers as ‘material risk takers’, that is, those whose professional activities have a material impact on the institution’s risk profile.
The Delegated Regulation enters into force on the day following its publication in the OJ.
