title: Commission Implementing Regulation (EU) No 602/2014 of 4 June 2014 laying down implementing technical standards for facilitating the convergence of supervisory practices with regard to the implementation of additional risk weights according to Regulation (EU) No 575/2013 of the European Parliament and of the Council  Text with EEA relevance

text:
               5.6.2014

               EN

               Official Journal of the European Union

               L 166/22

         COMMISSION IMPLEMENTING REGULATION (EU) No 602/2014
   of 4 June 2014
   laying down implementing technical standards for facilitating the convergence of supervisory practices with regard to the implementation of additional risk weights 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 648/2013 (1), and in particular Article 410(3) thereof,
   Whereas:

               (1)

               It is appropriate to provide for implementing technical standards to facilitate the convergence of supervisory practices with regard to the implementation of a uniform approach to assess institutions' material non-compliance with the requirements by reason of negligence or omission, and to the application of the additional risk weights. In order to facilitate the convergence of supervisory practices when applying additional risk weights, an appropriate formula should be defined. That formula should impose a proportionate additional risk weight of no less than 250 % which progressively increases with subsequent infringements of Articles 405, 406 or 409 of Regulation (EU) No 575/2013. An appropriate factor should be introduced in the formula to allow for a lower additional risk weight to apply in the cases of exposures exempted pursuant to Article 405(3) of Regulation (EU) No 575/2013.

               (2)

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

               (3)

               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
   General considerations
   1.   Competent authorities shall ensure that any additional risk weight imposed pursuant to Article 407 of Regulation (EU) No 575/2013 is applied to all relevant securitisation positions, held by an institution, which are affected by the material infringement of Article 405, 406 or 409 of Regulation (EU) No 575/2013.
   2.   Where an institution rectifies its infringement of the requirements provided in Article 405, 406 or 409 of Regulation (EU) No 575/2013, the additional risk weight shall cease to apply as soon as the rectification is notified to the competent authority.
   3.   When assessing whether to impose an additional risk weight, competent authorities shall consider both the materiality of the infringement of Article 405, 406 or 409 of Regulation (EU) No 575/2013 and its relevance to the risk analysis of the securitisation position. Materiality shall be taken into consideration in both quantitative and qualitative terms and, where applicable, at both entity and consolidated level. In assessing materiality, competent authorities shall consider, among other factors, the duration of the infringement, the size of the affected positions and whether the institution has attempted to proactively rectify the infringement.
   4.   When assessing whether an institution has failed to meet the requirements set out in Article 405 of Regulation (EU) No 575/2013 in any material respect by reason of negligence or omission, competent authorities shall not be influenced by any omission by the originator, sponsor or original lender to disclose its commitment to retain a material economic interest of not less than 5 % with regard to past securitisations, where the institution can demonstrate that it has taken appropriate account of such circumstance.
   5.   In the case of a material infringement of the disclosure requirement provided in Article 409 of Regulation (EU) No 575/2013 by reason of negligence or omission of the institution, competent authorities shall impose an additional risk weight to the originator's, sponsor's or original lender's retained positions in, or other exposure to the relevant securitisation.
   6.   When assessing whether institutions have failed to meet the requirements set out in Articles 405, 406 or 409 of Regulation (EU) No 575/2013, in any material respect for reasons of negligence or of omission, for securitisation positions issued on or after 1 January 2011 and before 1 January 2014, competent authorities may take into account whether those institutions complied continuously between the date of issuance and 31 December 2013 with the requirements specified in Article 122a of Directive 2006/48/EC of the European Parliament and of the Council (3) and in the Guidelines to Article 122a of Directive 2006/48/EC of the Committee of European Banking Supervisors (4).
   Article 2
   Calculation of additional risk weight
   Where an institution does not meet the relevant requirements provided in Articles 405, 406 or 409 of Regulation (EU) No 575/2013in any material respect, competent authorities shall apply the following formula to determine the total risk weight (Total RW) in accordance with the approach specified in Article 245(6) and Article 337(3) of Regulation (EU) No 575/2013:
   Total RW = Min[12,5; Original RW × (1 + (2,5 + 2,5 × InfringementDurationyears) × (1 – Article405ExemptionPct))]
   Where:

               12,5 is a factor representing the maximum value that the total risk weight can reach;

               ‘Original RW’ is the risk weight that would apply to the securitisation positions if no additional risk weight was imposed;

               2,5 is the minimum factor applying to the original risk weight in order to calculate the additional risk weight;

               ‘InfringementDurationyears’ is the duration of the infringement, expressed in years, rounded down to the nearest 12-month period. This variable is equal to ‘0’ for an infringement of less than 12 months, equal to ‘1’ for an infringement of more than 12 months but less than 24 months, equal to ‘2’ for an infringement of more than 24 months but less than 36 months, etc. The duration shall generally be measured from the start of the infringement for the securitisation, although competent authorities, taking account of the specificities of the securitisation, may impose other starting points. ‘Infringement’ shall mean the breach of one or more of the requirements set out in Article 405, 406 or 409 capable of triggering an additional risk weight. The infringement shall turn into a ‘subsequent infringement’ when time passes without rectifying the infringement, leading to a progressive increase of the additional risk weight.

               ‘Article405ExemptionPct’ is a variable equal to 0,5 if Article 405(3) of Regulation (EU) No 575/2013 applies to the securitisation positions to which the additional risk weight is calculated, and equal to 0 if such exemption does not apply.

         Article 3
   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 June 2014.

            For the Commission

            The President

         José Manuel BARROSO

      (1)  OJ L 176, 27.6.2013, p. 1

      (2)  Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).

      (3)  Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (OJ L 177, 30.6.2006, p. 1).

      (4)  http://www.eba.europa.eu/documents/10180/106202/Guidelines.pdf


title: Commission Implementing Regulation (EU) No 1120/2011 of 31 October 2011 entering a name in the register of protected designations of origin and protected geographical indications (Carciofo Brindisino (PGI))

text:
               8.11.2011

               EN

               Official Journal of the European Union

               L 289/12

         COMMISSION IMPLEMENTING REGULATION (EU) No 1120/2011
   of 31 October 2011
   entering a name in the register of protected designations of origin and protected geographical indications (Carciofo Brindisino (PGI))
   THE EUROPEAN COMMISSION,
   Having regard to the Treaty on the Functioning of the European Union,
   Having regard to Council Regulation (EC) No 510/2006 of 20 March 2006 on the protection of geographical indications and designations of origin for agricultural products and foodstuffs (1), and in particular the first subparagraph of Article 7(4) thereof,
   Whereas:

               (1)

               Pursuant to the first subparagraph of Article 6(2) of Regulation (EC) No 510/2006, Italy’s application to register the name ‘Carciofo Brindisino’ was published in the Official Journal of the European Union
                   (2).

               (2)

               As no statement of objection pursuant to Article 7 of Regulation (EC) No 510/2006 has been received by the Commission, that name should therefore be entered in the register,

         HAS ADOPTED THIS REGULATION:
   Article 1
   The name contained in the Annex to this Regulation is hereby entered in the register.
   Article 2
   This Regulation shall enter into force on the 20th day following 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, 31 October 2011.

            For the Commission, On behalf of the President,
         Dacian CIOLOȘ

            Member of the Commission

      (1)  OJ L 93, 31.3.2006, p. 12.

      (2)  OJ C 29, 29.1.2011, p. 27.

      ANNEX
      Agricultural products intended for human consumption listed in Annex I to the Treaty:

         Class 1.6.   Fruit, vegetables and cereals, fresh or processed

      ITALY
      Carciofo Brindisino (PGI)


title: Commission Implementing Regulation (EU) 2017/472 of 15 March 2017 amending Implementing Regulation (EU) 2016/2080 as regards the periods for the submission of tenders

text:
               18.3.2017

               EN

               Official Journal of the European Union

               L 73/5

         COMMISSION IMPLEMENTING REGULATION (EU) 2017/472
   of 15 March 2017
   amending Implementing Regulation (EU) 2016/2080 as regards the periods for the submission of tenders
   THE EUROPEAN COMMISSION,
   Having regard to the Treaty on the Functioning of the European Union,
   Having regard to Regulation (EU) No 1308/2013 of the European Parliament and of the Council of 17 December 2013 establishing a common organisation of the markets in agricultural products and repealing Council Regulations (EEC) No 922/72, (EEC) No 234/79, (EC) No 1037/2001 and (EC) No 1234/2007 (1),
   Having regard to Commission Implementing Regulation (EU) 2016/1240 of 18 May 2016 laying down rules for the application of Regulation (EU) No 1308/2013 of the European Parliament and of the Council with regard to public intervention and aid for private storage (2), and in particular Article 28 thereof,
   Whereas:

               (1)

               Commission Implementing Regulation (EU) 2016/2080 (3) has opened the sale of skimmed milk powder by a tendering procedure. It provides for two partial invitations to tender per month, except for August and December.

               (2)

               Experience gained with the partial invitations to tender implemented so far has shown limited interest for the tender under the current market conditions. It is therefore appropriate to reduce the number of periods during which tenders may be submitted to one per month. On the basis of a cost-benefit analysis, it is no longer justified to provide for such a period in the month of August.

               (3)

               Implementing Regulation (EU) 2016/2080 should therefore be amended accordingly.

               (4)

               The measures provided for in this Regulation are in accordance with the opinion of the Committee for the Common Organisation of the Agricultural Markets,

         HAS ADOPTED THIS REGULATION:
   Article 1
   Article 2(2) of Implementing Regulation (EU) 2016/2080 is replaced by the following:

      ‘2.   The periods during which tenders may be submitted in response to subsequent partial invitations shall begin on the first working day following the end of the preceding period. They shall end at 11.00 (Brussels time) on the third Tuesday of the month. However, the period which starts in July shall end at 11.00 (Brussels time) on the third Tuesday of September and no period shall start in August. In December the period shall end at 11.00 (Brussels time) on the second Tuesday. If Tuesday is a public holiday the time limit shall be 11.00 (Brussels time) on the previous working day.’

   Article 2
   This Regulation shall enter into force on the third 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, 15 March 2017.

            For the Commission,

            On behalf of the President,

         Phil HOGAN

            Member of the Commission

      (1)  OJ L 347, 20.12.2013, p. 671.

      (2)  OJ L 206, 30.7.2016, p. 71.

      (3)  Commission Implementing Regulation (EU) 2016/2080 of 25 November 2016 opening the sale of skimmed milk powder by a tendering procedure (OJ L 321, 29.11.2016, p. 45).


title: Commission Implementing Regulation (EU) No 117/2013 of 8 February 2013 establishing the standard import values for determining the entry price of certain fruit and vegetables

text:
               9.2.2013

               EN

               Official Journal of the European Union

               L 38/17

         COMMISSION IMPLEMENTING REGULATION (EU) No 117/2013
   of 8 February 2013
   establishing the standard import values for determining the entry price of certain fruit and vegetables
   THE EUROPEAN COMMISSION,
   Having regard to the Treaty on the Functioning of the European Union,
   Having regard to Council Regulation (EC) No 1234/2007 of 22 October 2007 establishing a common organisation of agricultural markets and on specific provisions for certain agricultural products (Single CMO Regulation) (1),
   Having regard to Commission Implementing Regulation (EU) No 543/2011 of 7 June 2011 laying down detailed rules for the application of Council Regulation (EC) No 1234/2007 in respect of the fruit and vegetables and processed fruit and vegetables sectors (2), and in particular Article 136(1) thereof,
   Whereas:

               (1)

               Implementing Regulation (EU) No 543/2011 lays down, pursuant to the outcome of the Uruguay Round multilateral trade negotiations, the criteria whereby the Commission fixes the standard values for imports from third countries, in respect of the products and periods stipulated in Annex XVI, Part A thereto.

               (2)

               The standard import value is calculated each working day, in accordance with Article 136(1) of Implementing Regulation (EU) No 543/2011, taking into account variable daily data. Therefore this Regulation should enter into force on the day of its publication in the Official Journal of the European Union,

         HAS ADOPTED THIS REGULATION:
   Article 1
   The standard import values referred to in Article 136 of Implementing Regulation (EU) No 543/2011 are fixed in the Annex to this Regulation.
   Article 2
   This Regulation shall enter into force on the day 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, 8 February 2013.

            For the Commission, On behalf of the President,
         José Manuel SILVA RODRÍGUEZ

            Director-General for Agriculture and Rural Development

      (1)  OJ L 299, 16.11.2007, p. 1.

      (2)  OJ L 157, 15.6.2011, p. 1.

      ANNEX
      Standard import values for determining the entry price of certain fruit and vegetables

                  (EUR/100 kg)

                  CN code

                  Third country code (1)

                  Standard import value

                  0702 00 00

                  MA

                  45,0

                  PS

                  160,8

                  TN

                  79,3

                  TR

                  114,5

                  ZZ

                  99,9

                  0707 00 05

                  EG

                  200,0

                  TR

                  166,7

                  ZZ

                  183,4

                  0709 91 00

                  EG

                  238,2

                  ZZ

                  238,2

                  0709 93 10

                  MA

                  42,1

                  TR

                  131,4

                  ZZ

                  86,8

                  0805 10 20

                  EG

                  51,6

                  IL

                  64,5

                  MA

                  54,7

                  TN

                  49,1

                  TR

                  61,0

                  ZZ

                  56,2

                  0805 20 10

                  IL

                  130,2

                  MA

                  93,2

                  ZZ

                  111,7

                  0805 20 30, 0805 20 50, 0805 20 70, 0805 20 90

                  IL

                  94,4

                  KR

                  134,2

                  MA

                  120,8

                  TR

                  80,5

                  ZZ

                  107,5

                  0805 50 10

                  EG

                  83,9

                  TR

                  70,5

                  ZZ

                  77,2

                  0808 10 80

                  CN

                  99,8

                  MK

                  26,7

                  US

                  148,6

                  ZZ

                  91,7

                  0808 30 90

                  CN

                  51,3

                  TR

                  158,2

                  US

                  140,7

                  ZA

                  100,4

                  ZZ

                  112,7

         (1)  Nomenclature of countries laid down by Commission Regulation (EC) No 1833/2006 (OJ L 354, 14.12.2006, p. 19). Code ‘ZZ’ stands for ‘of other origin’.


title: Commission Implementing Regulation (EU) No 192/2013 of 5 March 2013 establishing the standard import values for determining the entry price of certain fruit and vegetables

text:
               6.3.2013

               EN

               Official Journal of the European Union

               L 62/25

         COMMISSION IMPLEMENTING REGULATION (EU) No 192/2013
   of 5 March 2013
   establishing the standard import values for determining the entry price of certain fruit and vegetables
   THE EUROPEAN COMMISSION,
   Having regard to the Treaty on the Functioning of the European Union,
   Having regard to Council Regulation (EC) No 1234/2007 of 22 October 2007 establishing a common organisation of agricultural markets and on specific provisions for certain agricultural products (Single CMO Regulation) (1),
   Having regard to Commission Implementing Regulation (EU) No 543/2011 of 7 June 2011 laying down detailed rules for the application of Council Regulation (EC) No 1234/2007 in respect of the fruit and vegetables and processed fruit and vegetables sectors (2), and in particular Article 136(1) thereof,
   Whereas:

               (1)

               Implementing Regulation (EU) No 543/2011 lays down, pursuant to the outcome of the Uruguay Round multilateral trade negotiations, the criteria whereby the Commission fixes the standard values for imports from third countries, in respect of the products and periods stipulated in Annex XVI, Part A thereto.

               (2)

               The standard import value is calculated each working day, in accordance with Article 136(1) of Implementing Regulation (EU) No 543/2011, taking into account variable daily data. Therefore this Regulation should enter into force on the day of its publication in the Official Journal of the European Union,

         HAS ADOPTED THIS REGULATION:
   Article 1
   The standard import values referred to in Article 136 of Implementing Regulation (EU) No 543/2011 are fixed in the Annex to this Regulation.
   Article 2
   This Regulation shall enter into force on the day 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, 5 March 2013.

            For the Commission, On behalf of the President,
         José Manuel SILVA RODRÍGUEZ

            Director-General for Agriculture and Rural Development

      (1)  OJ L 299, 16.11.2007, p. 1.

      (2)  OJ L 157, 15.6.2011, p. 1.

      ANNEX
      Standard import values for determining the entry price of certain fruit and vegetables

                  (EUR/100 kg)

                  CN code

                  Third country code (1)

                  Standard import value

                  0702 00 00

                  IL

                  82,8

                  MA

                  58,9

                  TN

                  87,6

                  TR

                  100,6

                  ZZ

                  82,5

                  0707 00 05

                  EG

                  191,6

                  MA

                  170,1

                  TR

                  176,5

                  ZZ

                  179,4

                  0709 91 00

                  EG

                  82,2

                  ZZ

                  82,2

                  0709 93 10

                  MA

                  47,5

                  TR

                  131,1

                  ZZ

                  89,3

                  0805 10 20

                  EG

                  50,5

                  IL

                  71,4

                  MA

                  49,4

                  TN

                  56,3

                  TR

                  62,7

                  ZZ

                  58,1

                  0805 50 10

                  TR

                  75,6

                  ZZ

                  75,6

                  0808 10 80

                  AR

                  115,2

                  BR

                  110,3

                  CL

                  115,2

                  CN

                  78,5

                  MK

                  31,3

                  US

                  164,6

                  ZZ

                  102,5

                  0808 30 90

                  AR

                  121,2

                  CL

                  175,5

                  TR

                  179,9

                  US

                  185,0

                  ZA

                  108,9

                  ZZ

                  154,1

         (1)  Nomenclature of countries laid down by Commission Regulation (EC) No 1833/2006 (OJ L 354, 14.12.2006, p. 19). Code ‘ZZ’ stands for ‘of other origin’.