Regulation 217 Annex I (classification of off-balance sheet items)

Annex I (classification of off-balance sheet items) is amended as follows.

For point 1(j) substitute—

“(j)

asset sale and repurchase agreements—

(i)

including agreements where the transferee is merely entitled to return the assets at the purchase price or for a different amount agreed in advance on a date specified or to be specified, the transaction in question shall be deemed to be a sale with an option to purchase; and

(ii)

excluding agreements where the transferor is not entitled to show in his balance sheets the assets transferred”.

In points 2(b)(iv), 3(b)(ii) and 4(c), for “EBA”, in each place it occurs, substitute “the competent authority”.