
Article 1 
Article 2 of Delegated Regulation (EU) No 528/2014 is replaced by the following:
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Article 2 
Only institutions that exclusively purchase options and warrants may use the simplified approach.'
Article 2 
In Article 4(1) of Delegated Regulation (EU) No 604/2014, point (c) is replaced by the following:
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(c) the staff member was in the preceding financial year awarded total remuneration that is equal to or greater than the lowest total remuneration awarded in that financial year to a member of senior management or to a member of staff who meets any of the criteria in points (1), (5), (6), (8), (11), (12), (13) or (14) of Article 3.
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Article 3 
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 18 February 2016.
For the Commission
The President
Jean-Claude JUNCKER