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The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer

Passed 30.05.2016 No. 7
RT I, 01.06.2016, 4
Entry into force 01.08.2016

Amended by the following legal instruments (show)

This decree is established on the basis of section 86⁴⁸ (3) and (7) of the Credit Institutions Act.

§ 1.  Other systemically important institutions operating in Estonia in the meaning of section 86⁴⁸ of the Credit Institutions Act are:
1) Swedbank AS
2) AS SEB Pank
3) AS LHV Pank

[RT I, 05.12.2017, 12 - entry into force 01.01.2018]

  4) Luminor Bank AS
[RT I, 22.05.2018, 17 - entry into force 01.07.2018]

§ 2.  The credit institutions named in Point 1 must hold systemically important institution buffers at the following rates:
1) Swedbank AS: 2%
2) AS SEB Pank: 2%
3) AS LHV Pank: 1,5%

[RT I, 03.12.2021, 1 - entry into force 01.01.2022]

  4) Luminor Bank AS: 2%
[RT I, 22.05.2018, 17 - entry into force 01.07.2018]

§ 3.  The other systemically important institution buffer requirement is applied to the total risk exposure as calculated under Article 92 Section 3 of 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 (OJ L 176, 27.06.2013, p 1-337).

§ 4.  The other systemically important institution buffer must be met individually and at a consolidated level.

[RT I, 05.12.2017, 12 - entry into force 01.01.2018]

§ 5.  [Omitted from this text].

§ 6.  This decree enters into force on 1 August 2016.