Regulation (EU) No 575/2013 is amended as follows:
(1) Article 429 is replaced by the following:
''Article 429
Calculation of the leverage ratio
1. Institutions shall calculate their leverage ratio in accordance with the methodology set out in paragraphs 2 to 13.
2. The leverage ratio shall be calculated as an institution's capital measure divided by that institution's total exposure measure and shall be expressed as a percentage.
Institutions shall calculate the leverage ratio at the reporting reference date.
3. For the purposes of paragraph 2, the capital measure shall be the Tier 1 capital.
4. The total exposure measure shall be the sum of the exposure values of:
(a) assets referred to in paragraph 5 unless they are deducted when determining the capital measure referred to in paragraph 3;
(b) derivatives referred to in paragraph 9;
(c) add-ons for counterparty credit risk of repurchase transactions, securities or commodities lending or borrowing transactions, long settlement transa
…