Commission Delegated Regulation (EU) 2016/861 of 18 February 2016 correcting Commission Delegated Regulation (EU) No 528/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for non-delta risk of options in the standardised market risk approach and correcting Commission Delegated Regulation (EU) No 604/2014 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards with respect to qualitative and appropriate quantitative criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile (Text with EEA relevance)
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Article 2
Only institutions that exclusively purchase options and warrants may use the simplified approach.’
Article 2 Correction of Delegated Regulation (EU) No 604/2014
In Article 4(1) of Delegated Regulation (EU) No 604/2014, point (c) is replaced by the following: ‘(c) the staff member was in the preceding financial year awarded total remuneration that is equal to or greater than the lowest total remuneration awarded in that financial year to a member of senior management or to a member of staff who meets any of the criteria in points (1), (5), (6), (8), (11), (12), (13) or (14) of Article 3.’
Article 3
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
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