March 11, 2015 – Commission Delegated Regulation (Delegated regulation to CRD) amending Delegated Regulation (EU) 241/2014, which sets out the regulatory technical standards on Own Funds requirements for institutions under the Capital Requirements Regulation (Regulation (EU) 575/2013), has been published in the Official Journal of the EU. The new Regulation, which will come into force 20 days after its date of publication, explains what intermediate entities mean for the purpose of deducting holdings in financial sector entities held indirectly through intermediate entities (such as holdings in mutual funds or investment funds). The new Delegated Regulation also sets out several criteria that need to be fulfilled for indices to be considered as broad market indices, and elaborates on the calculation of minority interests.

March 24, 2015 – Commission Delegated Regulation (EU) 2015/488 amending Delegated Regulation (EU) No 241/2014 as regards Own Funds requirements for firms based on fixed overheads has been published in the official Journal of the EU. This amending Regulation establishes the methodology for calculating fixed overheads for firms and inserts a new chapter in Delegated Regulation (EU) No 241/2014. The Regulation enters into force on April 13, 2015.  Commission Delegated Regulation (EU) 2015/488 amending Delegated Regulation (EU) No 241/2014 as regards own funds requirements for firms based on fixed overheads