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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 Text with EEA relevance article 518b CELEX: 02013R0575-20250629 Report on overshootings and supervisory powers to limit distributions
By 31 December 2021, the Commission shall report to the European Parliament and to the Council on whether exceptional circumstances that trigger serious economic disturbance in the orderly functioning and integrity of financial markets justify: (a) during such periods, permitting competent authorities to exclude from institutions’ market risk internal models overshootings that do not result from deficiencies in those models; (b) during such periods, granting additional binding powers to competent authorities to impose restrictions on distributions by institutions.
The Commission shall consider further measures, if appropriate. |