On 13 October 2020, there was published in the Official Journal of the EU, a corrigendum to Regulation (EU) 2019/630 amending Regulation (EU) No 575/2013 as regards minimum loss coverage for non-performing exposures. The corrigendum amends Article 1(2), second subparagraph of new Article 47a(6), introductory part.
The corrigendum changes ‘Full and timely repayment shall not be considered likely unless the obligor has executed regular and timely payments of amounts equal to either of the following:’ to ‘Full and timely repayment may be considered likely where the obligor has executed regular and timely payments of amounts equal to either of the following:’.