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Document 32014R0945

Commission Implementing Regulation (EU) No 945/2014 of 4 September 2014 laying down implementing technical standards with regard to relevant appropriately diversified indices according to Regulation (EU) No 575/2013 of the European Parliament and of the Council Text with EEA relevance

OJ L 265, 5.9.2014, p. 3–6 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

In force: This act has been changed. Current consolidated version: 19/02/2020

ELI: http://data.europa.eu/eli/reg_impl/2014/945/oj

5.9.2014   

EN

Official Journal of the European Union

L 265/3


COMMISSION IMPLEMENTING REGULATION (EU) No 945/2014

of 4 September 2014

laying down implementing technical standards with regard to relevant appropriately diversified indices according to Regulation (EU) No 575/2013 of the European Parliament and of the Council

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (1) and in particular the third subparagraph of Article 344(1) thereof,

Whereas:

(1)

Pursuant to Article 344(4) of Regulation (EU) No 575/2013, the specific risk of a stock-index future which would be treated as an individual equity in accordance with that Article can be ignored where the relevant stock-index is exchange traded and represents a relevant appropriately diversified index.

(2)

Where an exchange traded stock-index future is appropriately diversified, it can be assumed that such stock-index represents no specific risk. This is considered to be the case where the index contains at least 20 equities, no single entity contained within them represents more than 25 % of the total index and 10 % of the largest equities (rounding up the number of equities to the superior natural number) represent less than 60 % of the total index. In addition, the index must encompass equities from at least a national market, and they must comprise equities from at least four industries amongst oil and gas, basic materials, industrials, consumer goods, health care, consumer services, telecommunications, utilities, financials and technology.

(3)

Given that Article 344(4) of Regulation (EU) No 575/2013 refers to ‘relevant’ eligible indices, only those stock indices which are relevant for financial institutions in the Union have been assessed against the criteria for identifying eligible stock indices.

(4)

This Regulation is based on the draft implementing technical standards submitted by the European Banking Authority to the Commission.

(5)

The European Banking Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (2),

HAS ADOPTED THIS REGULATION:

Article 1

Stock indices for the purposes of Article 344 of Regulation (EU) No 575/2013

The list of stock indices, for which the treatments set out in the second sentence of Article 344(4) of Regulation (EU) No 575/2013 is available, are provided in the Annex.

Article 2

Entry into Force

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 4 September 2014.

For the Commission

The President

José Manuel BARROSO


(1)  OJ L 176, 27.6.2013, p. 1.

(2)  OJ L 331, 15.12.2010, p. 12.


ANNEX

Stock indices meeting the requirements of Article 344 of Regulation (EU) No 575/2013

Index

Country

1.

S&P All Ords

Australia

2.

ATX

Austria

3.

BEL20

Belgium

4.

SaoPaulo — Bovespa

Brazil

5.

TSE35

Canada

6.

FTSE China A50 Index

China

7.

CROBEX

Croatia

8.

OMX Copenhagen 20 CAP

Denmark

9.

DJ Euro STOXX 50

Europe

10.

FTSE Eurofirst 100

Europe

11.

FTSE Eurofirst 80

Europe

12.

FTSE Eurotop 100 index

Europe

13.

MSCI Euro index

Europe

14.

STOXX Europe 50

Europe

15.

STOXX Europe 600

Europe

16.

STOXX Europe Lrg 200

Europe

17.

STOXX Europe Mid 200

Europe

18.

STOXX Europe Small 200

Europe

19.

STOXX Select Dividend 30

Europe

20.

CAC40

France

21.

SBF 120

France

22.

DAX

Germany

23.

HDAX

Germany

24.

MDAX

Germany

25.

SDAX

Germany

26.

Athens General

Greece

27.

Hang Seng

Hong Kong

28.

Hang Seng China Enterprises

Hong Kong

29.

NIFTY

India

30.

FTSE MIB

Italy

31.

FTSE Bursa Malaysia

Malaysia

32.

MSE Share Index

Malta

33.

Nikkei225

Japan

34.

Nikkei300

Japan

35.

IPC Index

Mexico

36.

AEX

Netherlands

37.

AMX

Netherlands

38.

WIG20

Poland

39.

PSI 20

Portugal

40.

Straits Times Index

Singapore

41.

IBEX35

Spain

42.

OMX Stockholm 30

Sweden

43.

SMI

Switzerland

44.

FTSE nasdaq Dubai 20

UAE

45.

FTSE 100

UK

46.

FTSE mid-250

UK

47.

S&P 500

USA

48.

Dow Jones Ind. Av.

USA

49.

NASDAQ 100

USA


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