The Council of the European Union has published a corrigendum correcting an error in the Hungarian language version of Directive (EU) 2019/878, which amends the Capital Requirements Directive (CRD) for credit institutions. The document, dated 23 July 2026, rectifies a mistranslation in Article 104a(4) second subparagraph that could have led to misinterpretation of capital conservation measures.
The error replaced the phrase 'excessive leverage risks' with 'risks other than excessive leverage risk' in the Hungarian text. The correction restores the original meaning, requiring additional own funds to cover excessive leverage risks. The corrigendum applies only to the Hungarian version and makes no substantive changes to the directive's content or other language versions.
Directive (EU) 2019/878, adopted on 20 May 2019, introduced amendments to the CRD concerning exempted entities, financial holding companies, remuneration, and supervisory measures. The corrigendum ensures legal certainty and uniform application of the directive in Hungary, preventing potential misinterpretation of capital requirements related to leverage risk.
This technical correction upholds the principle of equal authenticity of all EU language versions, a key legal requirement for EU legislation. The impact is limited to Hungarian stakeholders, including credit institutions and national supervisory authorities, who will now apply the correct wording for capital conservation buffers. No further institutional follow-up is expected, as the corrigendum is a routine administrative act.