# L_2014265EN.01000301.xml

| 5.9.2014 | EN | Official Journal of the European Union | L 265/3 |
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5.9.2014

EN

Official Journal of the European Union

L 265/3

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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. |
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(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. |
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(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. |
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(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. |
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(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), |
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(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.

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

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(1)  
  OJ L 176, 27.6.2013, p. 1.

1

(2)  
  OJ L 331, 15.12.2010, p. 12.

2

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ANNEX

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

| Index | Country |
| --- | --- |
| 1. | S&P All Ords |

Index

Country

1.

S&P All Ords

Australia

| 2. | ATX |
| --- | --- |

2.

ATX

Austria

| 3. | BEL20 |
| --- | --- |

3.

BEL20

Belgium

| 4. | SaoPaulo — Bovespa |
| --- | --- |

4.

SaoPaulo — Bovespa

Brazil

| 5. | TSE35 |
| --- | --- |

5.

TSE35

Canada

| 6. | FTSE China A50 Index |
| --- | --- |

6.

FTSE China A50 Index

China

| 7. | CROBEX |
| --- | --- |

7.

CROBEX

Croatia

| 8. | OMX Copenhagen 20 CAP |
| --- | --- |

8.

OMX Copenhagen 20 CAP

Denmark

| 9. | DJ Euro STOXX 50 |
| --- | --- |

9.

DJ Euro STOXX 50

Europe

| 10. | FTSE Eurofirst 100 |
| --- | --- |

10.

FTSE Eurofirst 100

Europe

| 11. | FTSE Eurofirst 80 |
| --- | --- |

11.

FTSE Eurofirst 80

Europe

| 12. | FTSE Eurotop 100 index |
| --- | --- |

12.

FTSE Eurotop 100 index

Europe

| 13. | MSCI Euro index |
| --- | --- |

13.

MSCI Euro index

Europe

| 14. | STOXX Europe 50 |
| --- | --- |

14.

STOXX Europe 50

Europe

| 15. | STOXX Europe 600 |
| --- | --- |

15.

STOXX Europe 600

Europe

| 16. | STOXX Europe Lrg 200 |
| --- | --- |

16.

STOXX Europe Lrg 200

Europe

| 17. | STOXX Europe Mid 200 |
| --- | --- |

17.

STOXX Europe Mid 200

Europe

| 18. | STOXX Europe Small 200 |
| --- | --- |

18.

STOXX Europe Small 200

Europe

| 19. | STOXX Select Dividend 30 |
| --- | --- |

19.

STOXX Select Dividend 30

Europe

| 20. | CAC40 |
| --- | --- |

20.

CAC40

France

| 21. | SBF 120 |
| --- | --- |

21.

SBF 120

France

| 22. | DAX |
| --- | --- |

22.

DAX

Germany

| 23. | HDAX |
| --- | --- |

23.

HDAX

Germany

| 24. | MDAX |
| --- | --- |

24.

MDAX

Germany

| 25. | SDAX |
| --- | --- |

25.

SDAX

Germany

| 26. | Athens General |
| --- | --- |

26.

Athens General

Greece

| 27. | Hang Seng |
| --- | --- |

27.

Hang Seng

Hong Kong

| 28. | Hang Seng China Enterprises |
| --- | --- |

28.

Hang Seng China Enterprises

Hong Kong

| 29. | NIFTY |
| --- | --- |

29.

NIFTY

India

| 30. | FTSE MIB |
| --- | --- |

30.

FTSE MIB

Italy

| 31. | FTSE Bursa Malaysia |
| --- | --- |

31.

FTSE Bursa Malaysia

Malaysia

| 32. | MSE Share Index |
| --- | --- |

32.

MSE Share Index

Malta

| 33. | Nikkei225 |
| --- | --- |

33.

Nikkei225

Japan

| 34. | Nikkei300 |
| --- | --- |

34.

Nikkei300

Japan

| 35. | IPC Index |
| --- | --- |

35.

IPC Index

Mexico

| 36. | AEX |
| --- | --- |

36.

AEX

Netherlands

| 37. | AMX |
| --- | --- |

37.

AMX

Netherlands

| 38. | WIG20 |
| --- | --- |

38.

WIG20

Poland

| 39. | PSI 20 |
| --- | --- |

39.

PSI 20

Portugal

| 40. | Straits Times Index |
| --- | --- |

40.

Straits Times Index

Singapore

| 41. | IBEX35 |
| --- | --- |

41.

IBEX35

Spain

| 42. | OMX Stockholm 30 |
| --- | --- |

42.

OMX Stockholm 30

Sweden

| 43. | SMI |
| --- | --- |

43.

SMI

Switzerland

| 44. | FTSE nasdaq Dubai 20 |
| --- | --- |

44.

FTSE nasdaq Dubai 20

UAE

| 45. | FTSE 100 |
| --- | --- |

45.

FTSE 100

UK

| 46. | FTSE mid-250 |
| --- | --- |

46.

FTSE mid-250

UK

| 47. | S&P 500 |
| --- | --- |

47.

S&P 500

USA

| 48. | Dow Jones Ind. Av. |
| --- | --- |

48.

Dow Jones Ind. Av.

USA

| 49. | NASDAQ 100 |
| --- | --- |

49.

NASDAQ 100

USA

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