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| 1. | Article 133(5) CRR covers ‘equity exposures incurred under legislative programmes to stimulate specified sectors of the economy’. Legislative programmes are schemes providing public financial support in the form of subsidies and guarantees to undertakings operating in specific sectors on the basis of an act of general and abstract application, such as national statutes, EU regulations, and EU decisions, notably those related to the implementation of the budget.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.