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Regulation 120 Article 125 (exposures fully and completely secured by mortgages on residential property)

Original text. Later amendments are not shown.

(1)

Article 125 (exposures fully and completely secured by mortgages on residential property) is amended as follows.

(2)

In paragraph 2(d), for the words “in those Member States” to the end substitute “if rigorous criteria are in force at the time in the United Kingdom for the assessment of the mortgage lending value”.

(3)

In paragraph 3—

(a)

for “a Member State” substitute “the United Kingdom”;

(b)

for the words from “of that Member State” to “loss rates which” substitute “has determined that loss rates”.