Regulation 41 References to the competent authorities

In the following provisions for “competent authorities” or “the competent authorities”, in each place where these words appear, substitute “the competent authority”—

(a)

in Article 244 (traditional securitisation), in paragraph 2, the second subparagraph;

(b)

paragraph 3 of that Article;

(c)

in Article 245 (synthetic securitisation), in paragraph 2, the second subparagraph;

(d)

paragraph 3 of that Article;

(e)

in Article 248 (exposure value), paragraph 3;

(f)

in Article 254 (hierarchy of methods), paragraph 4;

(g)

in Article 258 (conditions for the use of the Internal Ratings Based Approach), paragraph 2;

(h)

in Article 265 (scope and operational requirements for the Internal Assessment Approach), paragraph 2;

(i)

in Article 270a (additional risk weight), paragraph 1.