§2 ELIGIBILITY CONDITIONS OF LEGISLATIVE PROGRAMMES FOR THE PURPOSES OF ARTICLE 133(5) CRR

COMMUNICATION FROM THE COMMISSION Guidance concerning the treatment of equity exposures incurred under legislative programmes according to Article 133(5) of Regulation (EU) No 575/2013 · European Union

5. For the purposes of Article 133(5) CRR, legislative programmes must contain financial and legal arrangements mitigating the credit risk of the investing institutions. In particular, legislative programmes should provide significant subsidies or guarantees for the investment to the institution; involve government oversight; and contain restrictions on equity investment. 6. Programmes developed and supported by the EIB, the EIF, and/or financed and/or guaranteed by the EU budget which aim at fostering equity financing are considered compliant with the conditions set by Article 133(5) CRR as specified by the present Communication. This presumption does not exclude the eligibility of programmes administered by other EU bodies, or national promotional banks or institutions which carry out financial activities on a professional basis and which have been given mandate by a Member State or a Member State’s entity at central, regional or local level to carry out development or promotional activities, where these meet the criteria set out in this Communication.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07