(152)

Article 279a is amended as follows: in paragraph 1, point (a), the introductory wording is replaced by the following: ; for call and put options that entitle the option buyer to purchase or sell an underlying instrument at a positive price on a single or multiple dates in the future, except where those options are mapped to the interest rate risk or commodity risk category, institutions shall use the following formula:’ paragraph 3 is amended as follows: in the first subparagraph, point (a) is replaced by the following: ; in accordance with international regulatory developments, the formulae that institutions shall use to calculate the supervisory delta of call and put options mapped to the interest rate risk or commodity risk category compatible with market conditions in which interest rates or commodity prices may be negative and the supervisory volatility that is suitable for those formulae;’ the second subparagraph is replaced by the following: ‘EBA shall submit those draft regulatory technical standards to the Commission by 10 July 2025.’ ;

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.