
Article 1 
In Article 496(1) of Regulation (EU) No 575/2013, the introductory sentence is replaced by the following:
'Competent authorities may waive in full or in part the 10 % limit for senior units issued by French Fonds Communs de Créances or by securitisation entities which are equivalent to French Fonds Communs de Créances laid down in points (d) and (f) of Article 129(1), provided that both of the following conditions are fulfilled:'.
Article 2 
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 January 2018.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 11 August 2017.
For the Commission
The President
Jean-Claude JUNCKER