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null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-4/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/4" }, { "path": "annex/III/part/1/division/4/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-4/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/4" }, { "path": "annex/III/part/1/division/4/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-4/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/4" }, { "path": "annex/III/part/1/division/4/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-4/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/4" }, { "path": "annex/III/part/1/division/4/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-4/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/4" }, { "path": "annex/III/part/1/division/5", "kind": "division", "number": null, "heading": "Distributions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1" }, { "path": "annex/III/part/1/division/5/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-5/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/5" }, { "path": "annex/III/part/1/division/5/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-5/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/5" }, { "path": "annex/III/part/1/division/5/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-5/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/5" }, { "path": "annex/III/part/1/division/5/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-5/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/5" }, { "path": "annex/III/part/1/division/6", "kind": "division", "number": null, "heading": "Exposure measures and adjustments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1" }, { "path": "annex/III/part/1/division/6/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/22", "kind": "division", "number": "22", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/6/division/25", "kind": "division", "number": "25", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-6/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/6" }, { "path": "annex/III/part/1/division/7", "kind": "division", "number": null, "heading": "CCR related risks", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1" }, { "path": "annex/III/part/1/division/7/division/26", "kind": "division", "number": "26", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-7/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/7" }, { "path": "annex/III/part/1/division/7/division/27", "kind": "division", "number": "27", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-7/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/7" }, { "path": "annex/III/part/1/division/7/division/28", "kind": "division", "number": "28", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-1/division-7/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/1/division/7" }, { "path": "annex/III/part/2", "kind": "part", "number": "2", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III" }, { "path": "annex/III/part/2/division/1", "kind": "division", "number": null, "heading": "Choice of the method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2" }, { "path": "annex/III/part/2/division/1/division/1", "kind": "division", "number": "1", "heading": "Subject to paragraphs 2 to 7, credit institutions shall determine the exposure value for the contracts listed in Annex IV with one of the methods set out in Parts 3 to 6. Credit institutions which are not eligible for the treatment set out in Article 18(2) of Directive 2006/49/EC are not permitted to use the method set out in Part 4. To determine the exposure value for the contracts listed in point 3 of Annex IV, credit institutions are not permitted to use the method set out in Part 4.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/2", "kind": "division", "number": "2", "heading": "Subject to the approval of the competent authorities, credit institutions may determine the exposure value for:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/3", "kind": "division", "number": "3", "heading": "When a credit institution purchases credit derivative protection against a non-trading book exposure, or against a CCR exposure, it may compute its capital requirement for the hedged asset in accordance with Annex VIII, Part 3, points 83 to 92, or subject to the approval of the competent authorities, in accordance with Annex VII, Part 1, point 4 or Annex VII, Part 4, points 96 to 104.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/2/division/1/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-2/division-1/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/2/division/1" }, { "path": "annex/III/part/3", "kind": "part", "number": "3", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III" }, { "path": "annex/III/part/3/division/1", "kind": "division", "number": null, "heading": "Mark-to-Market Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/3" }, { "path": "annex/III/part/3/division/1/division/a", "kind": "division", "number": "Step (a):", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-3/division-1/division-a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/3/division/1" }, { "path": "annex/III/part/3/division/1/division/b", "kind": "division", "number": "Step (b):", "heading": "to obtain a figure for potential future credit exposure, except in the case of single-currency ‘floating/floating’ interest rate swaps in which only the current replacement cost will be calculated, the notional principal amounts or underlying values are multiplied by the percentages in Table 1:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-3/division-1/division-b", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/3/division/1" }, { "path": "annex/III/part/3/division/1/division/c", "kind": "division", "number": "Step (c):", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-3/division-1/division-c", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/3/division/1" }, { "path": "annex/III/part/4", "kind": "part", "number": "4", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III" }, { "path": "annex/III/part/4/division/1", "kind": "division", "number": null, "heading": "Original Exposure Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/4" }, { "path": "annex/III/part/4/division/1/division/a", "kind": "division", "number": "Step (a):", "heading": "the notional principal amount of each instrument is multiplied by the percentages given in Table 3.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-4/division-1/division-a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/4/division/1" }, { "path": "annex/III/part/4/division/1/division/b", "kind": "division", "number": "Step (b):", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-4/division-1/division-b", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/4/division/1" }, { "path": "annex/III/part/5", "kind": "part", "number": "5", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III" }, { "path": "annex/III/part/5/division/1", "kind": "division", "number": null, "heading": "Standardised Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5" }, { "path": "annex/III/part/5/division/1/division/1", "kind": "division", "number": "1", "heading": "The Standardised Method (SM) can be used only for OTC derivatives and long settlement transactions. The exposure value shall be calculated separately for each netting set. It shall be determined net of collateral, as follows:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/11", "kind": "division", "number": "11", "heading": "Credit institutions may use the following formulae to determine the size and sign of a risk position:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/12", "kind": "division", "number": "12", "heading": "The risk positions are to be grouped into hedging sets. For each hedging set, the absolute value amount of the sum of the resulting risk positions is computed. This sum is termed the ‘net risk position’ and is represented by:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/13", "kind": "division", "number": "13", "heading": "For interest rate risk positions from money deposits received from the counterparty as collateral, from payment legs and from underlying debt instruments, to which according to Table 1 of Annex I to Directive 2006/49/EC a capital charge of 1,6 % or less applies, there are six hedging sets for each currency, as set out in Table 4 below. Hedging sets are defined by a combination of the criteria ‘maturity’ and ‘referenced interest rates’.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/15", "kind": "division", "number": "15", "heading": "There is one hedging set for each issuer of a reference debt instrument that underlies a credit default swap. ‘Nth to default’ basket credit default swaps shall be treated as follows:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/17", "kind": "division", "number": "17", "heading": "Underlying financial instruments other than debt instruments shall be assigned to the same respective hedging sets only if they are identical or similar instruments. In all other cases they shall be assigned to separate hedging sets. The similarity of instruments is established as follows:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/18", "kind": "division", "number": "18", "heading": "The CCR multipliers (CCRM) for the different hedging set categories are set out in Table 5 below:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/5/division/1/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-5/division-1/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/5/division/1" }, { "path": "annex/III/part/6", "kind": "part", "number": "6", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III" }, { "path": "annex/III/part/6/division/1", "kind": "division", "number": null, "heading": "Internal Model Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/1" }, { "path": "annex/III/part/6/division/1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/1" }, { "path": "annex/III/part/6/division/1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/1" }, { "path": "annex/III/part/6/division/1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/1" }, { "path": "annex/III/part/6/division/2", "kind": "division", "number": null, "heading": "Exposure value", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/2/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/7", "kind": "division", "number": "7", "heading": "The exposure value shall be calculated as the product of α times Effective EPE, as follows:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/8", "kind": "division", "number": "8", "heading": "Effective EE shall be computed recursively as:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/9", "kind": "division", "number": "9", "heading": "In this regard, Effective EPE is the average Effective EE during the first year of future exposure. If all contracts in the netting set mature within less than one year, EPE is the average of EE until all contracts in the netting set mature. Effective EPE is computed as a weighted average of Effective EE:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/15", "kind": "division", "number": "15", "heading": "If the netting set is subject to a margin agreement, credit institutions shall use one of the following EPE measures:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/2/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-2/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/2" }, { "path": "annex/III/part/6/division/3", "kind": "division", "number": null, "heading": "CCR control", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/3/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/22", "kind": "division", "number": "22", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/25", "kind": "division", "number": "25", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/3/division/26", "kind": "division", "number": "26", "heading": "A credit institution shall conduct an independent review of its CCR management system regularly through its own internal auditing process. This review shall include both the activities of the business units referred to in point 17 and of the independent CCR control unit. A review of the overall CCR management process shall take place at regular intervals and shall specifically address, at a minimum:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-3/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/3" }, { "path": "annex/III/part/6/division/4", "kind": "division", "number": null, "heading": "Use test", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/4/division/27", "kind": "division", "number": "27", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-4/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/4" }, { "path": "annex/III/part/6/division/4/division/28", "kind": "division", "number": "28", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-4/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/4" }, { "path": "annex/III/part/6/division/4/division/29", "kind": "division", "number": "29", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-4/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/4" }, { "path": "annex/III/part/6/division/4/division/30", "kind": "division", "number": "30", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-4/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/4" }, { "path": "annex/III/part/6/division/4/division/31", "kind": "division", "number": "31", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-4/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/4" }, { "path": "annex/III/part/6/division/5", "kind": "division", "number": null, "heading": "Stress testing", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/5/division/32", "kind": "division", "number": "32", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-5/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/5" }, { "path": "annex/III/part/6/division/5/division/33", "kind": "division", "number": "33", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-5/division-33", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/5" }, { "path": "annex/III/part/6/division/6", "kind": "division", "number": null, "heading": "Wrong-Way Risk", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/6/division/34", "kind": "division", "number": "34", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-6/division-34", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/6" }, { "path": "annex/III/part/6/division/6/division/35", "kind": "division", "number": "35", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-6/division-35", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/6" }, { "path": "annex/III/part/6/division/7", "kind": "division", "number": null, "heading": "Integrity of the modelling process", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/7/division/36", "kind": "division", "number": "36", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-7/division-36", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/7" }, { "path": "annex/III/part/6/division/7/division/37", "kind": "division", "number": "37", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-7/division-37", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/7" }, { "path": "annex/III/part/6/division/7/division/38", "kind": "division", "number": "38", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-7/division-38", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/7" }, { "path": "annex/III/part/6/division/7/division/39", "kind": "division", "number": "39", "heading": "A credit institution shall monitor the appropriate risks and have processes in place to adjust its estimation of EPE when those risks become significant. This includes the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-7/division-39", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/7" }, { "path": "annex/III/part/6/division/7/division/40", "kind": "division", "number": "40", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-7/division-40", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/7" }, { "path": "annex/III/part/6/division/7/division/41", "kind": "division", "number": "41", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-7/division-41", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/7" }, { "path": "annex/III/part/6/division/8", "kind": "division", "number": null, "heading": "Validation requirements for EPE models", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6" }, { "path": "annex/III/part/6/division/8/division/42", "kind": "division", "number": "42", "heading": "A credit institution's EPE model shall meet the following validation requirements:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-6/division-8/division-42", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/6/division/8" }, { "path": "annex/III/part/7", "kind": "part", "number": "7", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III" }, { "path": "annex/III/part/7/division/1", "kind": "division", "number": null, "heading": "Contractual netting (contracts for novation and other netting agreements)", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-III/part-7/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/III/part/7" }, { "path": "annex/IV", "kind": "annex", "number": "IV", "heading": "TYPES OF DERIVATIVES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/IV/division/1", "kind": "division", "number": "1", "heading": "Interest-rate contracts:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IV/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IV" }, { "path": "annex/IV/division/2", "kind": "division", "number": "2", "heading": "Foreign-exchange contracts and contracts concerning gold:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IV/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IV" }, { "path": "annex/IV/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IV/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IV" }, { "path": "annex/V", "kind": "annex", "number": "V", "heading": "TECHNICAL CRITERIA CONCERNING THE ORGANISATION AND TREATMENT OF RISKS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/V/division/1", "kind": "division", "number": "1", "heading": "GOVERNANCE", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/1" }, { "path": "annex/V/division/2", "kind": "division", "number": "2", "heading": "TREATMENT OF RISKS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/2/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-2/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/2" }, { "path": "annex/V/division/3", "kind": "division", "number": "3", "heading": "CREDIT AND COUNTERPARTY RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/3/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-3/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/3" }, { "path": "annex/V/division/3/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-3/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/3" }, { "path": "annex/V/division/3/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-3/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/3" }, { "path": "annex/V/division/4", "kind": "division", "number": "4", "heading": "RESIDUAL RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/4/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-4/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/4" }, { "path": "annex/V/division/5", "kind": "division", "number": "5", "heading": "CONCENTRATION RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/5/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-5/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/5" }, { "path": "annex/V/division/6", "kind": "division", "number": "6", "heading": "SECURITISATION RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/6/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-6/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/6" }, { "path": "annex/V/division/6/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-6/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/6" }, { "path": "annex/V/division/7", "kind": "division", "number": "7", "heading": "MARKET RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/7/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-7/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/7" }, { "path": "annex/V/division/8", "kind": "division", "number": "8", "heading": "INTEREST RATE RISK ARISING FROM NON-TRADING ACTIVITIES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/8/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-8/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/8" }, { "path": "annex/V/division/9", "kind": "division", "number": "9", "heading": "OPERATIONAL RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/9/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-9/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/9" }, { "path": "annex/V/division/9/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-9/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/9" }, { "path": "annex/V/division/10", "kind": "division", "number": "10", "heading": "LIQUIDITY RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/10/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/14a", "kind": "division", "number": "14a", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-14a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/10/division/22", "kind": "division", "number": "22", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-10/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/10" }, { "path": "annex/V/division/11", "kind": "division", "number": "11", "heading": "REMUNERATION POLICIES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V" }, { "path": "annex/V/division/11/division/23", "kind": "division", "number": "23", "heading": "When establishing and applying the total remuneration policies, inclusive of salaries and discretionary pension benefits, for categories of staff including senior management, risk takers, staff engaged in control functions and any employee receiving total remuneration that takes them into the same remuneration bracket as senior management and risk takers, whose professional activities have a material impact on their risk profile, credit institutions shall comply with the following principles in a way and to the extent that is appropriate to their size, internal organisation and the nature, the scope and the complexity of their activities:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-11/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/11" }, { "path": "annex/V/division/11/division/24", "kind": "division", "number": "24", "heading": "Credit institutions that are significant in terms of their size, internal organisation and the nature, the scope and the complexity of their activities shall establish a remuneration committee. The remuneration committee shall be constituted in such a way as to enable it to exercise competent and independent judgment on remuneration policies and practices and the incentives created for managing risk, capital and liquidity.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-V/division-11/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/V/division/11" }, { "path": "annex/VI", "kind": "annex", "number": "VI", "heading": "STANDARDISED APPROACH", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/VI/part/1", "kind": "part", "number": "1", "heading": "RISK WEIGHTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI" }, { "path": "annex/VI/part/1/division/1", "kind": "division", "number": "1", "heading": "EXPOSURES TO CENTRAL GOVERNMENTS OR CENTRAL BANKS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/1/division/1.1", "kind": "division", "number": "1.1", "heading": "Treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1" }, { "path": "annex/VI/part/1/division/1/division/1.1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.1" }, { "path": "annex/VI/part/1/division/1/division/1.1/division/2", "kind": "division", "number": "2", "heading": "Subject to point 3, exposures to central governments and central banks for which a credit assessment by a nominated ECAI is available shall be assigned a risk weight according to Table 1 in accordance with the assignment by the competent authorities of the credit assessments of eligible ECAIs to six steps in a credit quality assessment scale.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.1" }, { "path": "annex/VI/part/1/division/1/division/1.1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.1" }, { "path": "annex/VI/part/1/division/1/division/1.2", "kind": "division", "number": "1.2", "heading": "Exposures in the national currency of the borrower", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1" }, { "path": "annex/VI/part/1/division/1/division/1.2/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.2" }, { "path": "annex/VI/part/1/division/1/division/1.2/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.2/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.2" }, { "path": "annex/VI/part/1/division/1/division/1.3", "kind": "division", "number": "1.3", "heading": "Use of credit assessments by Export Credit Agencies", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1" }, { "path": "annex/VI/part/1/division/1/division/1.3/division/6", "kind": "division", "number": "6", "heading": "Export Credit Agency credit assessments shall be recognised by the competent authorities if either of the following conditions is met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.3/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.3" }, { "path": "annex/VI/part/1/division/1/division/1.3/division/7", "kind": "division", "number": "7", "heading": "Exposures for which a credit assessment by an Export Credit Agency is recognised for risk weighting purposes shall be assigned a risk weight according to Table 2.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-1/division-1.3/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/1/division/1.3" }, { "path": "annex/VI/part/1/division/2", "kind": "division", "number": "2", "heading": "EXPOSURES TO REGIONAL GOVERNMENTS OR LOCAL AUTHORITIES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/2/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-2/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/2" }, { "path": "annex/VI/part/1/division/2/division/9", "kind": "division", "number": "9", "heading": "Exposures to regional governments and local authorities shall be treated as exposures to the central government in whose jurisdiction they are established where there is no difference in risk between such exposures because of the specific revenue-raising powers of the former, and the existence of specific institutional arrangements the effect of which is to reduce their risk of default.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-2/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/2" }, { "path": "annex/VI/part/1/division/2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/2" }, { "path": "annex/VI/part/1/division/2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/2" }, { "path": "annex/VI/part/1/division/2/division/11a", "kind": "division", "number": "11a", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-2/division-11a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/2" }, { "path": "annex/VI/part/1/division/3", "kind": "division", "number": "3", "heading": "EXPOSURES TO ADMINISTRATIVE BODIES AND NON-COMMERCIAL UNDERTAKINGS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/3/division/3.1", "kind": "division", "number": "3.1", "heading": "Treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3" }, { "path": "annex/VI/part/1/division/3/division/3.1/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-3/division-3.1/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3/division/3.1" }, { "path": "annex/VI/part/1/division/3/division/3.2", "kind": "division", "number": "3.2", "heading": "Public Sector Entities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3" }, { "path": "annex/VI/part/1/division/3/division/3.2/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-3/division-3.2/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3/division/3.2" }, { "path": "annex/VI/part/1/division/3/division/3.2/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-3/division-3.2/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3/division/3.2" }, { "path": "annex/VI/part/1/division/3/division/3.2/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-3/division-3.2/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3/division/3.2" }, { "path": "annex/VI/part/1/division/3/division/3.2/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-3/division-3.2/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3/division/3.2" }, { "path": "annex/VI/part/1/division/3/division/3.2/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-3/division-3.2/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/3/division/3.2" }, { "path": "annex/VI/part/1/division/4", "kind": "division", "number": "4", "heading": "EXPOSURES TO MULTILATERAL DEVELOPMENT BANKS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/4/division/4.1", "kind": "division", "number": "4.1", "heading": "Scope", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/4" }, { "path": "annex/VI/part/1/division/4/division/4.1/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-4/division-4.1/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/4/division/4.1" }, { "path": "annex/VI/part/1/division/4/division/4.2", "kind": "division", "number": "4.2", "heading": "Treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/4" }, { "path": "annex/VI/part/1/division/4/division/4.2/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-4/division-4.2/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/4/division/4.2" }, { "path": "annex/VI/part/1/division/4/division/4.2/division/20", "kind": "division", "number": "20", "heading": "Exposures to the following multilateral development banks shall be assigned a 0 % risk weight:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-4/division-4.2/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/4/division/4.2" }, { "path": "annex/VI/part/1/division/4/division/4.2/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-4/division-4.2/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/4/division/4.2" }, { "path": "annex/VI/part/1/division/5", "kind": "division", "number": "5", "heading": "EXPOSURES TO INTERNATIONAL ORGANISATIONS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/5/division/22", "kind": "division", "number": "22", "heading": "Exposures to the following international organisations shall be assigned a 0 % risk weight:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-5/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/5" }, { "path": "annex/VI/part/1/division/6", "kind": "division", "number": "6", "heading": "EXPOSURES TO INSTITUTIONS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/6/division/6.1", "kind": "division", "number": "6.1", "heading": "Treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.1/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.1/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.1" }, { "path": "annex/VI/part/1/division/6/division/6.1/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.1/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.1" }, { "path": "annex/VI/part/1/division/6/division/6.2", "kind": "division", "number": "6.2", "heading": "Risk-weight floor on exposures to unrated institutions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.2/division/25", "kind": "division", "number": "25", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.2/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.2" }, { "path": "annex/VI/part/1/division/6/division/6.3", "kind": "division", "number": "6.3", "heading": "Central government risk weight based method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.3/division/26", "kind": "division", "number": "26", "heading": "Exposures to institutions shall be assigned a risk weight according to the credit quality step to which exposures to the central government of the jurisdiction in which the institution is incorporated are assigned in accordance with Table 3.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.3/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.3" }, { "path": "annex/VI/part/1/division/6/division/6.3/division/27", "kind": "division", "number": "27", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.3/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.3" }, { "path": "annex/VI/part/1/division/6/division/6.3/division/28", "kind": "division", "number": "28", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.3/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.3" }, { "path": "annex/VI/part/1/division/6/division/6.4", "kind": "division", "number": "6.4", "heading": "Credit assessment based method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.4/division/29", "kind": "division", "number": "29", "heading": "Exposures to institutions with a residual maturity of more than three months for which a credit assessment by a nominated ECAI is available shall be assigned a risk weight according to Table 4 in accordance with the assignment by the competent authorities of the credit assessments of eligible ECAIs to six steps in a credit quality assessment scale.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.4/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.4" }, { "path": "annex/VI/part/1/division/6/division/6.4/division/30", "kind": "division", "number": "30", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.4/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.4" }, { "path": "annex/VI/part/1/division/6/division/6.4/division/31", "kind": "division", "number": "31", "heading": "Exposures to an institution of up to three months residual maturity for which a credit assessment by a nominated ECAI is available shall be assigned a risk-weight according to Table 5 in accordance with the assignment by the competent authorities of the credit assessments of eligible ECAIs to six steps in a credit quality assessment scale:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.4/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.4" }, { "path": "annex/VI/part/1/division/6/division/6.4/division/32", "kind": "division", "number": "32", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.4/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.4" }, { "path": "annex/VI/part/1/division/6/division/6.5", "kind": "division", "number": "6.5", "heading": "Interaction with short-term credit assessments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.5/division/33", "kind": "division", "number": "33", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.5/division-33", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.5" }, { "path": "annex/VI/part/1/division/6/division/6.5/division/34", "kind": "division", "number": "34", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.5/division-34", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.5" }, { "path": "annex/VI/part/1/division/6/division/6.5/division/35", "kind": "division", "number": "35", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.5/division-35", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.5" }, { "path": "annex/VI/part/1/division/6/division/6.5/division/36", "kind": "division", "number": "36", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.5/division-36", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.5" }, { "path": "annex/VI/part/1/division/6/division/6.6", "kind": "division", "number": "6.6", "heading": "Short-term exposures in the national currency of the borrower", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.6/division/37", "kind": "division", "number": "37", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.6/division-37", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.6" }, { "path": "annex/VI/part/1/division/6/division/6.6/division/38", "kind": "division", "number": "38", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.6/division-38", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.6" }, { "path": "annex/VI/part/1/division/6/division/6.7", "kind": "division", "number": "6.7", "heading": "Investments in regulatory capital instruments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.7/division/39", "kind": "division", "number": "39", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.7/division-39", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.7" }, { "path": "annex/VI/part/1/division/6/division/6.8", "kind": "division", "number": "6.8", "heading": "Minimum reserves required by the ECB", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6" }, { "path": "annex/VI/part/1/division/6/division/6.8/division/40", "kind": "division", "number": "40", "heading": "Where an exposure to an institution is in the form of minimum reserves required by the ECB or by the central bank of a Member State to be held by the credit institution, Member States may permit the assignment of the risk weight that would be assigned to exposures to the central bank of the Member State in question provided:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-6/division-6.8/division-40", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/6/division/6.8" }, { "path": "annex/VI/part/1/division/7", "kind": "division", "number": "7", "heading": "EXPOSURES TO CORPORATES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/7/division/7.1", "kind": "division", "number": "7.1", "heading": "Treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/7" }, { "path": "annex/VI/part/1/division/7/division/7.1/division/41", "kind": "division", "number": "41", "heading": "Exposures for which a credit assessment by a nominated ECAI is available shall be assigned a risk weight according to Table 6 in accordance with the assignment by the competent authorities of the credit assessments of eligible ECAIs to six steps in a credit quality assessment scale.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-7/division-7.1/division-41", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/7/division/7.1" }, { "path": "annex/VI/part/1/division/7/division/7.1/division/42", "kind": "division", "number": "42", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-7/division-7.1/division-42", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/7/division/7.1" }, { "path": "annex/VI/part/1/division/8", "kind": "division", "number": "8", "heading": "RETAIL EXPOSURES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/8/division/43", "kind": "division", "number": "43", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-8/division-43", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/8" }, { "path": "annex/VI/part/1/division/9", "kind": "division", "number": "9", "heading": "EXPOSURES SECURED BY REAL ESTATE PROPERTY", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/9/division/44", "kind": "division", "number": "44", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-44", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9" }, { "path": "annex/VI/part/1/division/9/division/9.1", "kind": "division", "number": "9.1", "heading": "Exposures secured by mortgages on residential property", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9" }, { "path": "annex/VI/part/1/division/9/division/9.1/division/45", "kind": "division", "number": "45", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.1/division-45", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.1" }, { "path": "annex/VI/part/1/division/9/division/9.1/division/46", "kind": "division", "number": "46", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.1/division-46", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.1" }, { "path": "annex/VI/part/1/division/9/division/9.1/division/47", "kind": "division", "number": "47", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.1/division-47", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.1" }, { "path": "annex/VI/part/1/division/9/division/9.1/division/48", "kind": "division", "number": "48", "heading": "In the exercise of their judgement for the purposes of points 45 to 47, competent authorities shall be satisfied only if the following conditions are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.1/division-48", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.1" }, { "path": "annex/VI/part/1/division/9/division/9.1/division/49", "kind": "division", "number": "49", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.1/division-49", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.1" }, { "path": "annex/VI/part/1/division/9/division/9.1/division/50", "kind": "division", "number": "50", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.1/division-50", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.1" }, { "path": "annex/VI/part/1/division/9/division/9.2", "kind": "division", "number": "9.2", "heading": "Exposures secured by mortgages on commercial real estate", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/51", "kind": "division", "number": "51", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-51", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/52", "kind": "division", "number": "52", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-52", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/53", "kind": "division", "number": "53", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-53", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/54", "kind": "division", "number": "54", "heading": "The application of points 51 to 53 is subject to the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-54", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/55", "kind": "division", "number": "55", "heading": "The 50 % risk weight shall be assigned to the Part of the loan that does not exceed a limit calculated according to either of the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-55", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/56", "kind": "division", "number": "56", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-56", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/57", "kind": "division", "number": "57", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-57", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/58", "kind": "division", "number": "58", "heading": "Competent authorities may dispense with the condition contained in point 54(b) for exposures fully and completely secured by mortgages on commercial property which is situated within their territory, if they have evidence that a well-developed and long-established commercial real estate market is present in their territory with loss-rates which do not exceed the following limits:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-58", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/59", "kind": "division", "number": "59", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-59", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/9/division/9.2/division/60", "kind": "division", "number": "60", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-9/division-9.2/division-60", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/9/division/9.2" }, { "path": "annex/VI/part/1/division/10", "kind": "division", "number": "10", "heading": "PAST DUE ITEMS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/10/division/61", "kind": "division", "number": "61", "heading": "Without prejudice to the provisions contained in points 62 to 65, the unsecured part of any item that is past due for more than 90 days and which is above a threshold defined by the competent authorities and which reflects a reasonable level of risk shall be assigned a risk weight of:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-10/division-61", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/10" }, { "path": "annex/VI/part/1/division/10/division/62", "kind": "division", "number": "62", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-10/division-62", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/10" }, { "path": "annex/VI/part/1/division/10/division/63", "kind": "division", "number": "63", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-10/division-63", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/10" }, { "path": "annex/VI/part/1/division/10/division/64", "kind": "division", "number": "64", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-10/division-64", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/10" }, { "path": "annex/VI/part/1/division/10/division/65", "kind": "division", "number": "65", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-10/division-65", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/10" }, { "path": "annex/VI/part/1/division/11", "kind": "division", "number": "11", "heading": "ITEMS BELONGING TO REGULATORY HIGH-RISK CATEGORIES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/11/division/66", "kind": "division", "number": "66", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-11/division-66", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/11" }, { "path": "annex/VI/part/1/division/11/division/67", "kind": "division", "number": "67", "heading": "Competent authorities may permit non past due items to be assigned a 150 % risk weight according to the provisions of this Part and for which value adjustments have been established to be assigned a risk weight of:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-11/division-67", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/11" }, { "path": "annex/VI/part/1/division/12", "kind": "division", "number": "12", "heading": "EXPOSURES IN THE FORM OF COVERED BONDS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/12/division/68", "kind": "division", "number": "68", "heading": "‘Covered bonds’, shall mean bonds as defined in Article 22(4) of Directive 85/611/EEC and collateralised by any of the following eligible assets:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-12/division-68", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/12" }, { "path": "annex/VI/part/1/division/12/division/69", "kind": "division", "number": "69", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-12/division-69", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/12" }, { "path": "annex/VI/part/1/division/12/division/70", "kind": "division", "number": "70", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-12/division-70", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/12" }, { "path": "annex/VI/part/1/division/12/division/71", "kind": "division", "number": "71", "heading": "Covered bonds shall be assigned a risk weight on the basis of the risk weight assigned to senior unsecured exposures to the credit institution which issues them. The following correspondence between risk weights shall apply:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-12/division-71", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/12" }, { "path": "annex/VI/part/1/division/13", "kind": "division", "number": "13", "heading": "ITEMS REPRESENTING SECURITISATION POSITIONS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/13/division/72", "kind": "division", "number": "72", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-13/division-72", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/13" }, { "path": "annex/VI/part/1/division/14", "kind": "division", "number": "14", "heading": "EXPOSURES TO INSTITUTIONS AND CORPORATES WITH A SHORT-TERM CREDIT ASSESSMENT", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/14/division/73", "kind": "division", "number": "73", "heading": "Exposures to institutions where points 29 to 32 apply, and exposures to corporates for which a short-term credit assessment by a nominated ECAI is available shall be assigned a risk weight according to Table 7, in accordance with the mapping by the competent authorities of the credit assessments of eligible ECAIs to six steps in a credit quality assessment scale:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-14/division-73", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/14" }, { "path": "annex/VI/part/1/division/15", "kind": "division", "number": "15", "heading": "EXPOSURES IN THE FORM OF COLLECTIVE INVESTMENT UNDERTAKINGS (CIUS)", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/15/division/74", "kind": "division", "number": "74", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-74", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/75", "kind": "division", "number": "75", "heading": "Exposures in the form of CIUs for which a credit assessment by a nominated ECAI is available shall be assigned a risk weight according to Table 8, in accordance with the assignment by the competent authorities of the credit assessments of eligible ECAIs to six steps in a credit quality assessment scale.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-75", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/76", "kind": "division", "number": "76", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-76", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/77", "kind": "division", "number": "77", "heading": "Credit institutions may determine the risk weight for a CIU as set out in points 79 to 81, if the following eligibility criteria are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-77", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/78", "kind": "division", "number": "78", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-78", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/79", "kind": "division", "number": "79", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-79", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/80", "kind": "division", "number": "80", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-80", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/15/division/81", "kind": "division", "number": "81", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-15/division-81", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/15" }, { "path": "annex/VI/part/1/division/16", "kind": "division", "number": "16", "heading": "OTHER ITEMS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1" }, { "path": "annex/VI/part/1/division/16/division/16.1", "kind": "division", "number": "16.1", "heading": "Treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/82", "kind": "division", "number": "82", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-82", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/83", "kind": "division", "number": "83", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-83", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/84", "kind": "division", "number": "84", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-84", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/85", "kind": "division", "number": "85", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-85", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/86", "kind": "division", "number": "86", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-86", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/87", "kind": "division", "number": "87", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-87", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/88", "kind": "division", "number": "88", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-88", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/89", "kind": "division", "number": "89", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-89", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/1/division/16/division/16.1/division/90", "kind": "division", "number": "90", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-1/division-16/division-16.1/division-90", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/1/division/16/division/16.1" }, { "path": "annex/VI/part/2", "kind": "part", "number": "2", "heading": "Recognition of ECAIs and mapping of their credit assessments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI" }, { "path": "annex/VI/part/2/division/1", "kind": "division", "number": "1", "heading": "METHODOLOGY", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2" }, { "path": "annex/VI/part/2/division/1/division/1.1", "kind": "division", "number": "1.1", "heading": "Objectivity", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1" }, { "path": "annex/VI/part/2/division/1/division/1.1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.1" }, { "path": "annex/VI/part/2/division/1/division/1.2", "kind": "division", "number": "1.2", "heading": "Independence", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1" }, { "path": "annex/VI/part/2/division/1/division/1.2/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.2/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.2" }, { "path": "annex/VI/part/2/division/1/division/1.2/division/3", "kind": "division", "number": "3", "heading": "Independence of the ECAI's methodology shall be assessed by competent authorities according to factors such as the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.2/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.2" }, { "path": "annex/VI/part/2/division/1/division/1.3", "kind": "division", "number": "1.3", "heading": "Ongoing review", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1" }, { "path": "annex/VI/part/2/division/1/division/1.3/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.3/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.3" }, { "path": "annex/VI/part/2/division/1/division/1.3/division/5", "kind": "division", "number": "5", "heading": "Before any recognition, competent authorities shall verify that the assessment methodology for each market segment is established according to standards such as the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.3/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.3" }, { "path": "annex/VI/part/2/division/1/division/1.3/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.3/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.3" }, { "path": "annex/VI/part/2/division/1/division/1.4", "kind": "division", "number": "1.4", "heading": "Transparency and disclosure", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1" }, { "path": "annex/VI/part/2/division/1/division/1.4/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-1/division-1.4/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/1/division/1.4" }, { "path": "annex/VI/part/2/division/2", "kind": "division", "number": "2", "heading": "INDIVIDUAL CREDIT ASSESSMENTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2" }, { "path": "annex/VI/part/2/division/2/division/2.1", "kind": "division", "number": "2.1", "heading": "Credibility and market acceptance", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/2" }, { "path": "annex/VI/part/2/division/2/division/2.1/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-2/division-2.1/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/2/division/2.1" }, { "path": "annex/VI/part/2/division/2/division/2.1/division/9", "kind": "division", "number": "9", "heading": "Credibility shall be assessed by competent authorities according to factors such as the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-2/division-2.1/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/2/division/2.1" }, { "path": "annex/VI/part/2/division/2/division/2.2", "kind": "division", "number": "2.2", "heading": "Transparency and Disclosure", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/2" }, { "path": "annex/VI/part/2/division/2/division/2.2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-2/division-2.2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/2/division/2.2" }, { "path": "annex/VI/part/2/division/2/division/2.2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-2/division-2.2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/2/division/2.2" }, { "path": "annex/VI/part/2/division/3", "kind": "division", "number": "3", "heading": "‘MAPPING’", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2" }, { "path": "annex/VI/part/2/division/3/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-3/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/3" }, { "path": "annex/VI/part/2/division/3/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-3/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/3" }, { "path": "annex/VI/part/2/division/3/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-3/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/3" }, { "path": "annex/VI/part/2/division/3/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-3/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/3" }, { "path": "annex/VI/part/2/division/3/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-2/division-3/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/2/division/3" }, { "path": "annex/VI/part/3", "kind": "part", "number": "3", "heading": "Use of ECAIs' credit assessments for the determination of risk weights", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI" }, { "path": "annex/VI/part/3/division/1", "kind": "division", "number": "1", "heading": "TREATMENT", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3" }, { "path": "annex/VI/part/3/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/1/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/1" }, { "path": "annex/VI/part/3/division/2", "kind": "division", "number": "2", "heading": "ISSUER AND ISSUE CREDIT ASSESSMENT", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3" }, { "path": "annex/VI/part/3/division/2/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-2/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/2" }, { "path": "annex/VI/part/3/division/2/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-2/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/2" }, { "path": "annex/VI/part/3/division/2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/2" }, { "path": "annex/VI/part/3/division/2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/2" }, { "path": "annex/VI/part/3/division/3", "kind": "division", "number": "3", "heading": "LONG-TERM AND SHORT-TERM CREDIT ASSESSMENTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3" }, { "path": "annex/VI/part/3/division/3/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-3/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/3" }, { "path": "annex/VI/part/3/division/3/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-3/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/3" }, { "path": "annex/VI/part/3/division/3/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-3/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/3" }, { "path": "annex/VI/part/3/division/3/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-3/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/3" }, { "path": "annex/VI/part/3/division/4", "kind": "division", "number": "4", "heading": "DOMESTIC AND FOREIGN CURRENCY ITEMS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3" }, { "path": "annex/VI/part/3/division/4/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-4/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/4" }, { "path": "annex/VI/part/3/division/4/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VI/part-3/division-4/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VI/part/3/division/4" }, { "path": "annex/VII", "kind": "annex", "number": "VII", "heading": "INTERNAL RATINGS BASED APPROACH", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/VII/part/1", "kind": "part", "number": "1", "heading": "Risk weighted exposure amounts and expected loss amounts", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII" }, { "path": "annex/VII/part/1/division/1", "kind": "division", "number": "1", "heading": "CALCULATION OF RISK WEIGHTED EXPOSURE AMOUNTS FOR CREDIT RISK", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1" }, { "path": "annex/VII/part/1/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1" }, { "path": "annex/VII/part/1/division/1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1" }, { "path": "annex/VII/part/1/division/1/division/1.1", "kind": "division", "number": "1.1", "heading": "Risk weighted exposure amounts for exposures to corporates, institutions and central governments and central banks.", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/3", "kind": "division", "number": "3", "heading": "Subject to points 5 to 9, the risk weighted exposure amounts for exposures to corporates, institutions and central governments and central banks shall be calculated according to the following formulae:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/4", "kind": "division", "number": "4", "heading": "The risk weighted exposure amount for each exposure which meets the requirements set out in Annex VIII, Part 1, point 29 and Annex VIII, Part 2, point 22 may be adjusted according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/5", "kind": "division", "number": "5", "heading": "For exposures to companies where the total annual sales for the consolidated group of which the firm is a Part is less than EUR 50 million, credit institutions may use the following correlation formula for the calculation of risk weights for corporate exposures. In this formula S is expressed as total annual sales in millions of Euros with EUR 5 million <= S <= EUR 50 million. Reported sales of less than EUR 5 million shall be treated as if they were equivalent to EUR 5 million. For purchased receivables the total annual sales shall be the weighted average by individual exposures of the pool.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/6", "kind": "division", "number": "6", "heading": "For specialised lending exposures in respect of which a credit institution cannot demonstrate that its PD estimates meet the minimum requirements set out in Part 4 it shall assign risk weights to these exposures according to Table 1, as follows:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.1/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.1/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.1" }, { "path": "annex/VII/part/1/division/1/division/1.2", "kind": "division", "number": "1.2", "heading": "Risk weighted exposure amounts for retail exposures", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/10", "kind": "division", "number": "10", "heading": "Subject to points 12 and 13, the risk weighted exposure amounts for retail exposures shall be calculated according to the following formulae:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/13", "kind": "division", "number": "13", "heading": "For qualifying revolving retail exposures as defined in points (a) to (e), a correlation (R) of 0,04 shall replace the figure produced by the correlation formula in point 10.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/14", "kind": "division", "number": "14", "heading": "To be eligible for the retail treatment, purchased receivables shall comply with the minimum requirements set out in Part 4, points 105 to 109 and the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.2/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.2/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.2" }, { "path": "annex/VII/part/1/division/1/division/1.3", "kind": "division", "number": "1.3", "heading": "Risk weighted exposure amounts for equity exposures", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.1", "kind": "division", "number": "1.3.1", "heading": "Simple risk weight approach", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.1/division/19", "kind": "division", "number": "19", "heading": "The risk weighted exposure amount shall be calculated according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.1/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.1" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.1/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.1/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.1" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.1/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.1/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.1" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.2", "kind": "division", "number": "1.3.2", "heading": "PD/LGD approach", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.2/division/22", "kind": "division", "number": "22", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.2/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.2" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.2/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.2/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.2" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.2/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.2/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.2" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.3", "kind": "division", "number": "1.3.3", "heading": "Internal models approach", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.3/division/25", "kind": "division", "number": "25", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.3/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.3" }, { "path": "annex/VII/part/1/division/1/division/1.3/division/1.3.3/division/26", "kind": "division", "number": "26", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.3/division-1.3.3/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.3/division/1.3.3" }, { "path": "annex/VII/part/1/division/1/division/1.4", "kind": "division", "number": "1.4", "heading": "Risk weighted exposure amounts for other non credit-obligation assets", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1" }, { "path": "annex/VII/part/1/division/1/division/1.4/division/27", "kind": "division", "number": "27", "heading": "The risk weighted exposure amounts shall be calculated according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-1/division-1.4/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/1/division/1.4" }, { "path": "annex/VII/part/1/division/2", "kind": "division", "number": "2", "heading": "CALCULATION OF RISK WEIGHTED EXPOSURE AMOUNTS FOR DILUTION RISK OF PURCHASED RECEIVABLES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1" }, { "path": "annex/VII/part/1/division/2/division/28", "kind": "division", "number": "28", "heading": "Risk weights for dilution risk of purchased corporate and retail receivables:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-2/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/2" }, { "path": "annex/VII/part/1/division/3", "kind": "division", "number": "3", "heading": "CALCULATION OF EXPECTED LOSS AMOUNTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1" }, { "path": "annex/VII/part/1/division/3/division/29", "kind": "division", "number": "29", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/3/division/30", "kind": "division", "number": "30", "heading": "The expected loss amounts for exposures to corporates, institutions, central governments and central banks and retail exposures shall be calculated according to the following formulae:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/3/division/31", "kind": "division", "number": "31", "heading": "The EL values for specialised lending exposures where credit institutions use the methods set out in point 6 for assigning risk weights shall be assigned according to Table 2.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/3/division/32", "kind": "division", "number": "32", "heading": "The expected loss amounts for equity exposures where the risk weighted exposure amounts are calculated according to the methods set out in points 19 to 21, shall be calculated according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/3/division/33", "kind": "division", "number": "33", "heading": "The expected loss amounts for equity exposures where the risk weighted exposure amounts are calculated according to the methods set out in points 22 to 24 shall be calculated according to the following formulae:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-33", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/3/division/34", "kind": "division", "number": "34", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-34", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/3/division/35", "kind": "division", "number": "35", "heading": "The expected loss amounts for dilution risk of purchased receivables shall be calculated according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-3/division-35", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/3" }, { "path": "annex/VII/part/1/division/4", "kind": "division", "number": "4", "heading": "TREATMENT OF EXPECTED LOSS AMOUNTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1" }, { "path": "annex/VII/part/1/division/4/division/36", "kind": "division", "number": "36", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-1/division-4/division-36", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/1/division/4" }, { "path": "annex/VII/part/2", "kind": "part", "number": "2", "heading": "PD, LGD and Maturity", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII" }, { "path": "annex/VII/part/2/division/n1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2" }, { "path": "annex/VII/part/2/division/n2", "kind": "division", "number": "1", "heading": "EXPOSURES TO CORPORATES, INSTITUTIONS AND CENTRAL GOVERNMENTS AND CENTRAL BANKS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2" }, { "path": "annex/VII/part/2/division/n2/division/1.1", "kind": "division", "number": "1.1", "heading": "PD", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2" }, { "path": "annex/VII/part/2/division/n2/division/1.1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.1" }, { "path": "annex/VII/part/2/division/n2/division/1.1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.1" }, { "path": "annex/VII/part/2/division/n2/division/1.1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.1" }, { "path": "annex/VII/part/2/division/n2/division/1.1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.1" }, { "path": "annex/VII/part/2/division/n2/division/1.1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.1" }, { "path": "annex/VII/part/2/division/n2/division/1.1/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.1" }, { "path": "annex/VII/part/2/division/n2/division/1.2", "kind": "division", "number": "1.2", "heading": "LGD", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2" }, { "path": "annex/VII/part/2/division/n2/division/1.2/division/8", "kind": "division", "number": "8", "heading": "Credit institutions shall use the following LGD values:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.2/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.2" }, { "path": "annex/VII/part/2/division/n2/division/1.2/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.2/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.2" }, { "path": "annex/VII/part/2/division/n2/division/1.2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.2" }, { "path": "annex/VII/part/2/division/n2/division/1.2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.2" }, { "path": "annex/VII/part/2/division/n2/division/1.3", "kind": "division", "number": "1.3", "heading": "Maturity", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2" }, { "path": "annex/VII/part/2/division/n2/division/1.3/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.3" }, { "path": "annex/VII/part/2/division/n2/division/1.3/division/13", "kind": "division", "number": "13", "heading": "Credit institutions permitted to use own LGDs and/or own conversion factors for exposures to corporates, institutions or central governments and central banks shall calculate M for each of these exposures as set out in (a) to (e) and subject to points 14 to 16. In all cases, M shall be no greater than 5 years:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.3" }, { "path": "annex/VII/part/2/division/n2/division/1.3/division/14", "kind": "division", "number": "14", "heading": "Notwithstanding point 13(a), (b), (c), (d) and (e), M shall be at least one-day for:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.3" }, { "path": "annex/VII/part/2/division/n2/division/1.3/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.3" }, { "path": "annex/VII/part/2/division/n2/division/1.3/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/n2/division/1.3" }, { "path": "annex/VII/part/2/division/2", "kind": "division", "number": "2", "heading": "RETAIL EXPOSURES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2" }, { "path": "annex/VII/part/2/division/2/division/2.1", "kind": "division", "number": "2.1", "heading": "PD", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2" }, { "path": "annex/VII/part/2/division/2/division/2.1/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-2/division-2.1/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2/division/2.1" }, { "path": "annex/VII/part/2/division/2/division/2.1/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-2/division-2.1/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2/division/2.1" }, { "path": "annex/VII/part/2/division/2/division/2.1/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-2/division-2.1/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2/division/2.1" }, { "path": "annex/VII/part/2/division/2/division/2.1/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-2/division-2.1/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2/division/2.1" }, { "path": "annex/VII/part/2/division/2/division/2.2", "kind": "division", "number": "2.2", "heading": "LGD", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2" }, { "path": "annex/VII/part/2/division/2/division/2.2/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-2/division-2.2/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/2/division/2/division/2.2" }, { "path": "annex/VII/part/2/division/2/division/2.2/division/22", "kind": "division", "number": "22", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-2/division-2.2/division-22", "extent": 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"annex/VII/part/4/division/1/division/1.3/division/1.3.1/division/23", "kind": "division", "number": "23", "heading": "Separate exposures to the same obligor shall be assigned to the same obligor grade, irrespective of any differences in the nature of each specific transaction. Exceptions, where separate exposures are allowed to result in multiple grades for the same obligor are:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.3/division-1.3.1/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.3/division/1.3.1" }, { "path": "annex/VII/part/4/division/1/division/1.3/division/1.3.2", "kind": "division", "number": "1.3.2", "heading": "Retail exposures", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.3" }, { "path": "annex/VII/part/4/division/1/division/1.3/division/1.3.2/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.3/division-1.3.2/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.3/division/1.3.2" }, { "path": "annex/VII/part/4/division/1/division/1.3/division/1.3.3", "kind": "division", "number": "1.3.3", "heading": "Overrides", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.3" }, { "path": "annex/VII/part/4/division/1/division/1.3/division/1.3.3/division/25", "kind": "division", "number": "25", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.3/division-1.3.3/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.3/division/1.3.3" }, { "path": "annex/VII/part/4/division/1/division/1.4", "kind": "division", "number": "1.4", "heading": "Integrity of assignment process", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1" }, { "path": "annex/VII/part/4/division/1/division/1.4/division/1.4.1", "kind": "division", "number": "1.4.1", "heading": "Exposures to corporates, institutions and central governments and central banks", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.4" }, { "path": "annex/VII/part/4/division/1/division/1.4/division/1.4.1/division/26", "kind": "division", "number": "26", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.4/division-1.4.1/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.4/division/1.4.1" }, { "path": "annex/VII/part/4/division/1/division/1.4/division/1.4.1/division/27", "kind": "division", "number": "27", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.4/division-1.4.1/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.4/division/1.4.1" }, { "path": "annex/VII/part/4/division/1/division/1.4/division/1.4.1/division/28", "kind": "division", "number": "28", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.4/division-1.4.1/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.4/division/1.4.1" }, { "path": "annex/VII/part/4/division/1/division/1.4/division/1.4.2", "kind": "division", "number": "1.4.2", "heading": "Retail exposures", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.4" }, { "path": "annex/VII/part/4/division/1/division/1.4/division/1.4.2/division/29", "kind": "division", "number": "29", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.4/division-1.4.2/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.4/division/1.4.2" }, { "path": "annex/VII/part/4/division/1/division/1.5", "kind": "division", "number": "1.5", "heading": "Use of models", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1" }, { "path": "annex/VII/part/4/division/1/division/1.5/division/30", "kind": "division", "number": "30", "heading": "If a credit institution uses statistical models and other mechanical methods to assign exposures to obligors or facilities grades or pools, then:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.5/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.5" }, { "path": "annex/VII/part/4/division/1/division/1.6", "kind": "division", "number": "1.6", "heading": "Documentation of rating systems", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1" }, { "path": "annex/VII/part/4/division/1/division/1.6/division/31", "kind": "division", "number": "31", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.6/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.6" }, { "path": "annex/VII/part/4/division/1/division/1.6/division/32", "kind": "division", "number": "32", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.6/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.6" }, { "path": "annex/VII/part/4/division/1/division/1.6/division/33", "kind": "division", "number": "33", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.6/division-33", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.6" }, { "path": "annex/VII/part/4/division/1/division/1.6/division/34", "kind": "division", "number": "34", "heading": "If the credit institution employs statistical models in the rating process, the credit institution shall document their methodologies. This material shall:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.6/division-34", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.6" }, { "path": "annex/VII/part/4/division/1/division/1.6/division/35", "kind": "division", "number": "35", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.6/division-35", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.6" }, { "path": "annex/VII/part/4/division/1/division/1.7", "kind": "division", "number": "1.7", "heading": "Data maintenance", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1" }, { "path": "annex/VII/part/4/division/1/division/1.7/division/36", "kind": "division", "number": "36", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.7/division-36", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.7" }, { "path": "annex/VII/part/4/division/1/division/1.7/division/1.7.1", "kind": "division", "number": "1.7.1", "heading": "Exposures to corporates, institutions and central governments and central banks", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.7" }, { "path": "annex/VII/part/4/division/1/division/1.7/division/1.7.1/division/37", "kind": "division", "number": "37", "heading": "Credit institutions shall collect and store:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.7/division-1.7.1/division-37", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.7/division/1.7.1" }, { "path": "annex/VII/part/4/division/1/division/1.7/division/1.7.1/division/38", "kind": "division", "number": "38", "heading": "Credit institutions using own estimates of LGDs and/or conversion factors shall collect and store:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.7/division-1.7.1/division-38", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.7/division/1.7.1" }, { "path": "annex/VII/part/4/division/1/division/1.7/division/1.7.2", "kind": "division", "number": "1.7.2", "heading": "Retail exposures", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.7" }, { "path": "annex/VII/part/4/division/1/division/1.7/division/1.7.2/division/39", "kind": "division", "number": "39", "heading": "Credit institutions shall collect and store:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.7/division-1.7.2/division-39", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.7/division/1.7.2" }, { "path": "annex/VII/part/4/division/1/division/1.8", "kind": "division", "number": "1.8", "heading": "Stress tests used in assessment of capital adequacy", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1" }, { "path": "annex/VII/part/4/division/1/division/1.8/division/40", "kind": "division", "number": "40", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.8/division-40", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.8" }, { "path": "annex/VII/part/4/division/1/division/1.8/division/41", "kind": "division", "number": "41", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.8/division-41", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.8" }, { "path": "annex/VII/part/4/division/1/division/1.8/division/42", "kind": "division", "number": "42", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-1/division-1.8/division-42", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/1/division/1.8" }, { "path": "annex/VII/part/4/division/2", "kind": "division", "number": "2", "heading": "RISK QUANTIFICATION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4" }, { "path": "annex/VII/part/4/division/2/division/43", "kind": "division", "number": "43", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-43", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2" }, { "path": "annex/VII/part/4/division/2/division/2.1", "kind": "division", "number": "2.1", "heading": "Definition of default", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2" }, { "path": "annex/VII/part/4/division/2/division/2.1/division/44", "kind": "division", "number": "44", "heading": "A ‘default’ shall be considered to have occurred with regard to a particular obligor when either or both of the two following events has taken place:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.1/division-44", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.1" }, { "path": "annex/VII/part/4/division/2/division/2.1/division/45", "kind": "division", "number": "45", "heading": "Elements to be taken as indications of unlikeliness to pay shall include:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.1/division-45", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.1" }, { "path": "annex/VII/part/4/division/2/division/2.1/division/46", "kind": "division", "number": "46", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.1/division-46", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.1" }, { "path": "annex/VII/part/4/division/2/division/2.1/division/47", "kind": "division", "number": "47", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.1/division-47", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.1" }, { "path": "annex/VII/part/4/division/2/division/2.1/division/48", "kind": "division", "number": "48", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.1/division-48", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.1" }, { "path": "annex/VII/part/4/division/2/division/2.2", "kind": "division", "number": "2.2", "heading": "Overall requirements for estimation", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/49", "kind": "division", "number": "49", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-49", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/50", "kind": "division", "number": "50", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-50", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/51", "kind": "division", "number": "51", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-51", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/52", "kind": "division", "number": "52", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-52", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/53", "kind": "division", "number": "53", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-53", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/54", "kind": "division", "number": "54", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-54", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/55", "kind": "division", "number": "55", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-55", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/56", "kind": "division", "number": "56", "heading": null, "url": 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"annex/VII/part/4/division/2/division/2.2/division/2.2.4/division/3/division/99", "kind": "division", "number": "99", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-2.2.4/division-3/division-99", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2/division/2.2.4/division/3" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/2.2.4/division/3/division/100", "kind": "division", "number": "100", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-2.2.4/division-3/division-100", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2/division/2.2.4/division/3" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/2.2.4/division/4", "kind": "division", "number": null, "heading": "Adjustment criteria", "url": null, "extent": "E+W+S+N.I.", 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"annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/1" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/2", "kind": "division", "number": null, "heading": "Effectiveness of monitoring systems", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2/division/2.2.5" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/2/division/106", "kind": "division", "number": "106", "heading": "The credit institution shall monitor both the quality of the purchased receivables and the financial condition of the seller and servicer. In particular:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-2.2.5/division-2/division-106", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/2" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/3", "kind": "division", "number": null, "heading": "Effectiveness of work-out systems", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2/division/2.2.5" }, { "path": "annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/3/division/107", "kind": "division", "number": "107", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-2/division-2.2/division-2.2.5/division-3/division-107", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/2/division/2.2/division/2.2.5/division/3" }, { "path": 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"number": "114", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-3/division-114", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/3" }, { "path": "annex/VII/part/4/division/4", "kind": "division", "number": "4", "heading": "CALCULATION OF RISK WEIGHTED EXPOSURE AMOUNTS FOR EQUITY EXPOSURES UNDER THE INTERNAL MODELS APPROACH", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4" }, { "path": "annex/VII/part/4/division/4/division/4.1", "kind": "division", "number": "4.1", "heading": "Capital requirement and risk quantification", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/4" }, { "path": "annex/VII/part/4/division/4/division/4.1/division/115", "kind": "division", "number": "115", "heading": "For the purpose of calculating capital requirements credit institutions shall meet the following standards:", "url": 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These policies, procedures, and controls shall include the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-4/division-4.2/division-116", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/4/division/4.2" }, { "path": "annex/VII/part/4/division/4/division/4.3", "kind": "division", "number": "4.3", "heading": "Validation and documentation", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/4" }, { "path": "annex/VII/part/4/division/4/division/4.3/division/117", "kind": "division", "number": "117", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-4/division-4.3/division-117", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/4/division/4.3" }, { "path": "annex/VII/part/4/division/4/division/4.3/division/118", "kind": "division", "number": "118", "heading": null, "url": 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"heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-5/division-5.2/division-128", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/5/division/5.2" }, { "path": "annex/VII/part/4/division/5/division/5.2/division/129", "kind": "division", "number": "129", "heading": "The areas of responsibility for the credit risk control unit(s) shall include:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-5/division-5.2/division-129", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/5/division/5.2" }, { "path": "annex/VII/part/4/division/5/division/5.2/division/130", "kind": "division", "number": "130", "heading": "Notwithstanding point 129, credit institutions using pooled data according to points 57 and 58 may outsource the following tasks:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-5/division-5.2/division-130", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/5/division/5.2" }, { "path": "annex/VII/part/4/division/5/division/5.3", "kind": "division", "number": "5.3", "heading": "Internal Audit", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/5" }, { "path": "annex/VII/part/4/division/5/division/5.3/division/131", "kind": "division", "number": "131", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-4/division-5/division-5.3/division-131", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VII/part/4/division/5/division/5.3" }, { "path": "annex/VIII", "kind": "annex", "number": "VIII", "heading": "CREDIT RISK MITIGATION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/VIII/part/1", "kind": "part", "number": "1", "heading": "Eligibility", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII" }, { "path": "annex/VIII/part/1/division/n1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1" }, { "path": "annex/VIII/part/1/division/n2", "kind": "division", "number": "2", "heading": "For the purposes of this Annex:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1" }, { "path": "annex/VIII/part/1/division/n3", "kind": "division", "number": "1", "heading": "FUNDED CREDIT PROTECTION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1" }, { "path": "annex/VIII/part/1/division/n3/division/1.1", "kind": "division", "number": "1.1", "heading": "On-balance sheet netting", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3" }, { "path": "annex/VIII/part/1/division/n3/division/1.1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.2", "kind": "division", "number": "1.2", "heading": "Master netting agreements covering repurchase transactions and/or securities or commodities lending or borrowing transactions and/or other capital market-driven transactions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3" }, { "path": "annex/VIII/part/1/division/n3/division/1.2/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.2/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.2" }, { "path": "annex/VIII/part/1/division/n3/division/1.3", "kind": "division", "number": "1.3", "heading": "Collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1", "kind": "division", "number": "1.3.1", "heading": "Eligibility under all approaches and methods", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1/division/7", "kind": "division", "number": "7", "heading": "The following financial items may be recognised as eligible collateral under all approaches and methods:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1/division/8", "kind": "division", "number": "8", "heading": "Debt securities issued by institutions which securities do not have a credit assessment by an eligible ECAI may be recognised as eligible collateral if they fulfil the following criteria:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.1/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1/division/9", "kind": "division", "number": "9", "heading": "Units in collective investment undertakings may be recognised as eligible collateral if the following conditions are satisfied:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.1/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.1/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.2", "kind": "division", "number": "1.3.2", "heading": "Additional eligibility under the Financial Collateral Comprehensive Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.2/division/11", "kind": "division", "number": "11", "heading": "In addition to the collateral set out in points 7 to 10, where a credit institution uses the Financial Collateral Comprehensive Method under Part 3, the following financial items may be recognised as eligible collateral:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.2" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3", "kind": "division", "number": "1.3.3", "heading": "Additional eligibility for calculations under Articles 84 to 89", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a", "kind": "division", "number": "(a)", "heading": "Real estate collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/13", "kind": "division", "number": "13", "heading": "Residential real estate property which is or will be occupied or let by the owner, or the beneficial owner in the case of personal investment companies, and commercial real estate property, that is, offices and other commercial premises, may be recognised as eligible collateral where the following conditions are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/17", "kind": "division", "number": "17", "heading": "The competent authorities of the Member States may waive the requirement for their credit institutions to comply with the condition in point 13(b) for commercial real estate property situated within the territory of that Member State, if the competent authorities have evidence that the relevant market is well-developed and long-established and that loss-rates stemming from lending secured by commercial real estate property satisfy the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-a/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/a" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/b", "kind": "division", "number": "(b)", "heading": "Receivables", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/b/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-b/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/b" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/c", "kind": "division", "number": "(c)", "heading": "Other physical collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/c/division/21", "kind": "division", "number": "21", "heading": "The competent authorities may recognise as eligible collateral physical items of a type other than those types indicated in points 13 to 19 if satisfied as to the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-c/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/c" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/d", "kind": "division", "number": "(d)", "heading": "Leasing", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3" }, { "path": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/d/division/22", "kind": "division", "number": "22", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.3/division-1.3.3/division-d/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.3/division/1.3.3/division/d" }, { "path": "annex/VIII/part/1/division/n3/division/1.4", "kind": "division", "number": "1.4", "heading": "Other funded credit protection", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3" }, { "path": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.1", "kind": "division", "number": "1.4.1", "heading": "Cash on deposit with, or cash assimilated instruments held by, a third party institution.", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.4" }, { "path": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.1/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.4/division-1.4.1/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.2", "kind": "division", "number": "1.4.2", "heading": "Life insurance policies pledged to the lending credit institution", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.4" }, { "path": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.2/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.4/division-1.4.2/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.3", "kind": "division", "number": "1.4.3", "heading": "Institution instruments repurchased on request", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.4" }, { "path": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.3/division/25", "kind": "division", "number": "25", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n3/division-1.4/division-1.4.3/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n3/division/1.4/division/1.4.3" }, { "path": "annex/VIII/part/1/division/n4", "kind": "division", "number": "2", "heading": "UNFUNDED CREDIT PROTECTION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1" }, { "path": "annex/VIII/part/1/division/n4/division/2.1", "kind": "division", "number": "2.1", "heading": "Eligibility of protection providers under all approaches", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n4" }, { "path": "annex/VIII/part/1/division/n4/division/2.1/division/26", "kind": "division", "number": "26", "heading": "The following parties may be recognised as eligible providers of unfunded credit protection:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n4/division-2.1/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n4/division/2.1" }, { "path": "annex/VIII/part/1/division/n4/division/2.1/division/27", "kind": "division", "number": "27", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n4/division-2.1/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n4/division/2.1" }, { "path": "annex/VIII/part/1/division/n4/division/2.1/division/28", "kind": "division", "number": "28", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n4/division-2.1/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n4/division/2.1" }, { "path": "annex/VIII/part/1/division/n4/division/2.2", "kind": "division", "number": "2.2", "heading": "Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Annex VII, Part 1, point 4.", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n4" }, { "path": "annex/VIII/part/1/division/n4/division/2.2/division/29", "kind": "division", "number": "29", "heading": "Institutions, insurance and reinsurance undertakings and export credit agencies which fulfil the following conditions may be recognised as eligible providers of unfunded credit protection which qualify for the treatment set out in Annex VII, Part 1, point 4:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-n4/division-2.2/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/n4/division/2.2" }, { "path": "annex/VIII/part/1/division/3", "kind": "division", "number": "3", "heading": "TYPES OF CREDIT DERIVATIVES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1" }, { "path": "annex/VIII/part/1/division/3/division/30", "kind": "division", "number": "30", "heading": "The following types of credit derivatives, and instruments that may be composed of such credit derivatives or that are economically effectively similar, may be recognised as eligible:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-3/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/3" }, { "path": "annex/VIII/part/1/division/3/division/n2", "kind": "division", "number": "31", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-3/division-n2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/3" }, { "path": "annex/VIII/part/1/division/3/division/3.1", "kind": "division", "number": "3.1", "heading": "Internal hedges", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/3" }, { "path": "annex/VIII/part/1/division/3/division/3.1/division/32", "kind": "division", "number": "32", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-1/division-3/division-3.1/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/1/division/3/division/3.1" }, { "path": "annex/VIII/part/2", "kind": "part", "number": "2", "heading": "Minimum Requirements", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII" }, { "path": "annex/VIII/part/2/division/n1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2" }, { "path": "annex/VIII/part/2/division/n2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2" }, { "path": "annex/VIII/part/2/division/n3", "kind": "division", "number": "1", "heading": "FUNDED CREDIT PROTECTION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2" }, { "path": "annex/VIII/part/2/division/n3/division/1.1", "kind": "division", "number": "1.1", "heading": "On-balance sheet netting agreements (other than master netting agreements covering repurchase transactions, securities or commodities lending or borrowing transactions and/or other capital market-driven transactions).", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.1/division/3", "kind": "division", "number": "3", "heading": "For on-balance sheet netting agreements — other than master netting agreements covering repurchase transactions, securities or commodities lending or borrowing transactions and/or other capital market-driven transactions — to be recognised for the purposes of Articles 90 to 93, the following conditions shall be satisfied:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.1" }, { "path": "annex/VIII/part/2/division/n3/division/1.2", "kind": "division", "number": "1.2", "heading": "Master netting agreements covering repurchase transactions and/or securities or commodities lending or borrowing transactions and/or other capital market driven transactions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.2/division/4", "kind": "division", "number": "4", "heading": "For master netting agreements covering repurchase transactions and/or securities or commodities lending or borrowing transactions and/or other capital market driven transactions to be recognised for the purposes of Articles 90 to 93, they shall:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.2" }, { "path": "annex/VIII/part/2/division/n3/division/1.2/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.2/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.2" }, { "path": "annex/VIII/part/2/division/n3/division/1.3", "kind": "division", "number": "1.3", "heading": "Financial collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.3/division/1.3.1", "kind": "division", "number": "1.3.1", "heading": "Minimum requirements for the recognition of financial collateral under all Approaches and Methods", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.3" }, { "path": "annex/VIII/part/2/division/n3/division/1.3/division/1.3.1/division/6", "kind": "division", "number": "6", "heading": "For the recognition of financial collateral and gold, the following conditions shall be met.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.3/division-1.3.1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/2/division/n3/division/1.3/division/1.3.2", "kind": "division", "number": "1.3.2", "heading": "Additional minimum requirements for the recognition of financial collateral under the Financial Collateral Simple Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.3" }, { "path": "annex/VIII/part/2/division/n3/division/1.3/division/1.3.2/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.3/division-1.3.2/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.3/division/1.3.2" }, { "path": "annex/VIII/part/2/division/n3/division/1.4", "kind": "division", "number": "1.4", "heading": "Minimum requirements for the recognition of real estate collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.4/division/8", "kind": "division", "number": "8", "heading": "For the recognition of real estate collateral the following conditions shall be met.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.4/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.4" }, { "path": "annex/VIII/part/2/division/n3/division/1.5", "kind": "division", "number": "1.5", "heading": "Minimum requirements for the recognition of receivables as collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.5/division/9", "kind": "division", "number": "9", "heading": "For the recognition of receivables as collateral the following conditions shall be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.5/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.5" }, { "path": "annex/VIII/part/2/division/n3/division/1.6", "kind": "division", "number": "1.6", "heading": "Minimum requirements for the recognition of other physical collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.6/division/10", "kind": "division", "number": "10", "heading": "For the recognition of other physical collateral the following conditions shall be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.6/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.6" }, { "path": "annex/VIII/part/2/division/n3/division/1.7", "kind": "division", "number": "1.7", "heading": "Minimum requirements for treating lease exposures as collateralised", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.7/division/11", "kind": "division", "number": "11", "heading": "For the exposures arising from leasing transactions to be treated as collateralised by the type of property leased, the following conditions shall be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.7/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.7" }, { "path": "annex/VIII/part/2/division/n3/division/1.8", "kind": "division", "number": "1.8", "heading": "Minimum requirements for the recognition of other funded credit protection", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3" }, { "path": "annex/VIII/part/2/division/n3/division/1.8/division/1.8.1", "kind": "division", "number": "1.8.1", "heading": "Cash on deposit with, or cash assimilated instruments held by, a third party institution", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.8" }, { "path": "annex/VIII/part/2/division/n3/division/1.8/division/1.8.1/division/12", "kind": "division", "number": "12", "heading": "To be eligible for the treatment set out at Part 3, point 79, the protection referred to in Part 1, point 23 must satisfy the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.8/division-1.8.1/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.8/division/1.8.1" }, { "path": "annex/VIII/part/2/division/n3/division/1.8/division/1.8.2", "kind": "division", "number": "1.8.2", "heading": "Life insurance policies pledged to the lending credit institution.", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.8" }, { "path": "annex/VIII/part/2/division/n3/division/1.8/division/1.8.2/division/13", "kind": "division", "number": "13", "heading": "For life insurance policies pledged to the lending credit institution to be recognised, all the following conditions shall be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n3/division-1.8/division-1.8.2/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n3/division/1.8/division/1.8.2" }, { "path": "annex/VIII/part/2/division/n4", "kind": "division", "number": "2", "heading": "UNFUNDED CREDIT PROTECTION AND CREDIT LINKED NOTES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2" }, { "path": "annex/VIII/part/2/division/n4/division/2.1", "kind": "division", "number": "2.1", "heading": "Requirements common to guarantees and credit derivatives", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4" }, { "path": "annex/VIII/part/2/division/n4/division/2.1/division/14", "kind": "division", "number": "14", "heading": "Subject to point 16, for the credit protection deriving from a guarantee or credit derivative to be recognised the following conditions shall be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.1/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.1" }, { "path": "annex/VIII/part/2/division/n4/division/2.1/division/2.1.1", "kind": "division", "number": "2.1.1", "heading": "Operational requirements", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.1" }, { "path": "annex/VIII/part/2/division/n4/division/2.1/division/2.1.1/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.1/division-2.1.1/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.1/division/2.1.1" }, { "path": "annex/VIII/part/2/division/n4/division/2.2", "kind": "division", "number": "2.2", "heading": "Sovereign and other public sector counter-guarantees", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4" }, { "path": "annex/VIII/part/2/division/n4/division/2.2/division/16", "kind": "division", "number": "16", "heading": "Where an exposure is protected by a guarantee which is counter-guaranteed by a central government or central bank, a regional government or local authority, a public sector entity, claims on which are treated as claims on the central government in whose jurisdiction they are established under Articles 78 to 83, a multi-lateral development bank or an international organisation, to which a 0 % risk weight is assigned under or by virtue of Articles 78 to 83, or a public sector entity, claims on which are treated as claims on credit institutions under Articles 78 to 83, the exposure may be treated as protected by a guarantee provided by the entity in question, provided the following conditions are satisfied:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.2/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.2" }, { "path": "annex/VIII/part/2/division/n4/division/2.2/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.2/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.2" }, { "path": "annex/VIII/part/2/division/n4/division/2.3", "kind": "division", "number": "2.3", "heading": "Additional requirements for guarantees", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4" }, { "path": "annex/VIII/part/2/division/n4/division/2.3/division/18", "kind": "division", "number": "18", "heading": "For a guarantee to be recognised the following conditions shall also be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.3/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.3" }, { "path": "annex/VIII/part/2/division/n4/division/2.3/division/19", "kind": "division", "number": "19", "heading": "In the case of guarantees provided in the context of mutual guarantee schemes recognised for these purposes by the competent authorities or provided by or counter-guaranteed by entities referred to in point 16, the requirements in point 18(a) shall be considered to be satisfied where either of the following conditions are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.3/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.3" }, { "path": "annex/VIII/part/2/division/n4/division/2.4", "kind": "division", "number": "2.4", "heading": "Additional requirements for credit derivatives", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4" }, { "path": "annex/VIII/part/2/division/n4/division/2.4/division/20", "kind": "division", "number": "20", "heading": "For a credit derivative to be recognised the following conditions shall also be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.4/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.4" }, { "path": "annex/VIII/part/2/division/n4/division/2.4/division/21", "kind": "division", "number": "21", "heading": "A mismatch between the underlying obligation and the reference obligation under the credit derivative (i.e. the obligation used for the purposes of determining cash settlement value or the deliverable obligation) or between the underlying obligation and the obligation used for purposes of determining whether a credit event has occurred is permissible only if the following conditions are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.4/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.4" }, { "path": "annex/VIII/part/2/division/n4/division/2.5", "kind": "division", "number": "2.5", "heading": "Requirements to qualify for the treatment set out in Annex VII, Part 1, point 4", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4" }, { "path": "annex/VIII/part/2/division/n4/division/2.5/division/22", "kind": "division", "number": "22", "heading": "To be eligible for the treatment set out in Annex VII, Part 1, point 4, credit protection deriving from a guarantee or credit derivative shall meet the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-2/division-n4/division-2.5/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/2/division/n4/division/2.5" }, { "path": "annex/VIII/part/3", "kind": "part", "number": "3", "heading": "Calculating the effects of credit risk mitigation", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII" }, { "path": "annex/VIII/part/3/division/n1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3" }, { "path": "annex/VIII/part/3/division/n2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3" }, { "path": "annex/VIII/part/3/division/n3", "kind": "division", "number": "1", "heading": "FUNDED CREDIT PROTECTION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3" }, { "path": "annex/VIII/part/3/division/n3/division/1.1", "kind": "division", "number": "1.1", "heading": "Credit linked notes", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.2", "kind": "division", "number": "1.2", "heading": "On-balance sheet netting", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.2/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.3", "kind": "division", "number": "1.3", "heading": "Master netting agreements covering repurchase transactions and/or securities or commodities lending or borrowing transactions and/or other capital market-driven transactions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1", "kind": "division", "number": "1.3.1", "heading": "Calculation of the fully-adjusted exposure value", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a", "kind": "division", "number": "(a)", "heading": "Using the ‘Supervisory’ volatility adjustments or the ‘Own Estimates’ volatility adjustments approaches", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a/division/11", "kind": "division", "number": "11", "heading": "E* shall be calculated according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-a/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b", "kind": "division", "number": "(b)", "heading": "Using the Internal Models approach", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/12", "kind": "division", "number": "12", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/13", "kind": "division", "number": "13", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/16", "kind": "division", "number": "16", "heading": "Recognition shall only be given if the competent authority is satisfied that the credit institution's risk-management system for managing the risks arising on the transactions covered by the master netting agreement is conceptually sound and implemented with integrity and that, in particular, the following qualitative standards are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/17", "kind": "division", "number": "17", "heading": "The calculation of the potential change in value shall be subject to the following minimum standards:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/19", "kind": "division", "number": "19", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/20", "kind": "division", "number": "20", "heading": "The fully adjusted exposure value (E*) for credit institutions using the Internal models approach shall be calculated according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b/division/21", "kind": "division", "number": "21", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.1/division-b/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.2", "kind": "division", "number": "1.3.2", "heading": "Calculating risk-weighted exposure amounts and expected loss amounts for repurchase transactions and/or securities or commodities lending or borrowing transactions and/or other capital market-driven transactions covered by master netting agreements", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.2/division/22", "kind": "division", "number": "22", "heading": "E* as calculated under points 5 to 21 shall be taken as the exposure value of the exposure to the counterparty arising from the transactions subject to the master netting agreement for the purposes of Article 80.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.2/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.2/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.3/division-1.3.2/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.3/division/1.3.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4", "kind": "division", "number": "1.4", "heading": "Financial collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1", "kind": "division", "number": "1.4.1", "heading": "Financial Collateral Simple Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1/division/24", "kind": "division", "number": "24", "heading": "The Financial Collateral Simple Method shall be available only where risk-weighted exposure amounts are calculated under Articles 78 to 83. A credit institution shall not use both the Financial Collateral Simple Method and the Financial Collateral Comprehensive Method, unless for the purposes of Articles 85(1) and 89(1). Credit institutions shall demonstrate to the competent authorities that this exceptional application of both methods is not used selectively with the purpose of achieving reduced minimum capital requirements and does not lead to regulatory arbitrage.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.1/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1/division/25", "kind": "division", "number": "25", "heading": "Under this method, recognised financial collateral is assigned a value equal to its market value as determined in accordance with Part 2, point 6.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.1/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1/division/26", "kind": "division", "number": "26", "heading": "The risk weight that would be assigned under Articles 78 to 83 if the lender had a direct exposure to the collateral instrument shall be assigned to those portions of exposure values collateralised by the market value of recognised collateral. For this purpose, the exposure value of an off-balance sheet item listed in Annex II shall be 100 % of its value rather than the exposure value indicated in Article 78(1). The risk weight of the collateralised portion shall be a minimum of 20 % except as specified in points 27 to 29. The remainder of the exposure value shall receive the risk weight that would be assigned to an unsecured exposure to the counterparty under Articles 78 to 83.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.1/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1/division/27", "kind": "division", "number": "27", "heading": "A risk weight of 0 % shall be assigned to the collateralised portion of the exposure arising from transactions which fulfil the criteria enumerated in points 58 and 59. If the counterparty to the transaction is not a core market participant a risk weight of 10 % shall be assigned.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.1/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1/division/28", "kind": "division", "number": "28", "heading": "A risk weight of 0 % shall, to the extent of the collateralisation, be assigned to the exposure values determined under Annex III for the derivative instruments listed in Annex IV and subject to daily marking-to-market, collateralised by cash or cash-assimilated instruments where there is no currency mismatch. A risk weight of 10 % shall be assigned to the extent of the collateralisation to the exposure values of such transactions collateralised by debt securities issued by central governments or central banks which are assigned a 0 % risk weight under Articles 78 to 83.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.1/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1/division/29", "kind": "division", "number": "29", "heading": "A 0 % risk weight may be assigned where the exposure and the collateral are denominated in the same currency, and either:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.1/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2", "kind": "division", "number": "1.4.2", "heading": "Financial Collateral Comprehensive Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/30", "kind": "division", "number": "30", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/31", "kind": "division", "number": "31", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/32", "kind": "division", "number": "32", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/a", "kind": "division", "number": "(a)", "heading": "Calculating adjusted values", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/a/division/33", "kind": "division", "number": "33", "heading": "The volatility-adjusted value of the collateral to be taken into account is calculated as follows in the case of all transactions except those transactions subject to recognised master netting agreements to which the provisions set out in points 5 to 23 are applied:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-a/division-33", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b", "kind": "division", "number": "(b)", "heading": "Calculation of volatility adjustments to be applied", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/34", "kind": "division", "number": "34", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-34", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/35", "kind": "division", "number": "35", "heading": "A credit institution may choose to use the Supervisory volatility adjustments approach or the Own estimates approach independently of the choice it has made between the Articles 78 to 83 and Articles 84 to 89 for the calculation of risk-weighted exposure amounts. However, if credit institutions seek to use the Own estimates approach, they must do so for the full range of instrument types, excluding immaterial portfolios where they may use the Supervisory volatility adjustments approach.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-35", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i", "kind": "division", "number": "(i)", "heading": "Supervisory volatility adjustments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/36", "kind": "division", "number": "36", "heading": "The volatility adjustments to be applied under the Supervisory volatility adjustments approach (assuming daily revaluation) shall be those set out in Tables 1 to 4.", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/36/division/1", "kind": "division", "number": null, "heading": "VOLATILITY ADJUSTMENTS", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-i/division-36/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/36" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/37", "kind": "division", "number": "37", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-i/division-37", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/38", "kind": "division", "number": "38", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-i/division-38", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/39", "kind": "division", "number": "39", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-i/division-39", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/40", "kind": "division", "number": "40", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-i/division-40", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i/division/41", "kind": "division", "number": "41", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-i/division-41", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/i" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii", "kind": "division", "number": "(ii)", "heading": "Own estimates of volatility adjustments", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/42", "kind": "division", "number": "42", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-42", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/43", "kind": "division", "number": "43", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-43", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/44", "kind": "division", "number": "44", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-44", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/45", "kind": "division", "number": "45", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-45", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/46", "kind": "division", "number": "46", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-46", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/47", "kind": "division", "number": "47", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-47", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/48", "kind": "division", "number": "48", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-48", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/49", "kind": "division", "number": "49", "heading": "Credit institutions may use volatility adjustment numbers calculated according to shorter or longer liquidation periods, scaled up or down to the liquidation period set out in point 48 for the type of transaction in question, using the square root of time formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-49", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/50", "kind": "division", "number": "50", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-50", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/51", "kind": "division", "number": "51", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-51", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/52", "kind": "division", "number": "52", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-52", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/53", "kind": "division", "number": "53", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-53", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/54", "kind": "division", "number": "54", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-54", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/55", "kind": "division", "number": "55", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-55", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii/division/56", "kind": "division", "number": "56", "heading": "An independent review of the credit institution's system for the estimation of volatility adjustments shall be carried out regularly in the credit institution's own internal auditing process. A review of the overall system for the estimation of volatility adjustments and for integration of those adjustments into the credit institution's risk management process shall take place at least once a year and shall specifically address, at a minimum:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-ii/division-56", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/ii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iii", "kind": "division", "number": "(iii)", "heading": "Scaling up of volatility adjustments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iii/division/57", "kind": "division", "number": "57", "heading": "The volatility adjustments set out in points 36 to 41 are the volatility adjustments to be applied where there is daily revaluation. Similarly, where a credit institution uses its own estimates of the volatility adjustments in accordance with points 42 to 56, these must be calculated in the first instance on the basis of daily revaluation. If the frequency of revaluation is less than daily, larger volatility adjustments shall be applied. These shall be calculated by scaling up the daily revaluation volatility adjustments, using the following ‘square root of time’ formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-iii/division-57", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iii" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iv", "kind": "division", "number": "(iv)", "heading": "Conditions for applying a 0 % volatility adjustment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iv/division/58", "kind": "division", "number": "58", "heading": "In relation to repurchase transactions and securities lending or borrowing transactions, where a credit institution uses the Supervisory Volatility Adjustments Approach or the Own Estimates Approach and where the conditions set out in points (a) to (h) are satisfied, credit institutions may, instead of applying the volatility adjustments calculated under points 34 to 57, apply a 0 % volatility adjustment. This option is not available in respect of credit institutions using the internal models approach set out in points 12 to 21:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-iv/division-58", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iv" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iv/division/59", "kind": "division", "number": "59", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-b/division-iv/division-59", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/b/division/iv" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/c", "kind": "division", "number": "(c)", "heading": "Calculating risk-weighted exposure amounts and expected loss amounts", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-c", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/c/division/60", "kind": "division", "number": "60", "heading": "E* as calculated under point 33 shall be taken as the exposure value for the purposes of Article 80. In the case of off-balance sheet items listed in Annex II, E* shall be taken as the value at which the percentages indicated in Article 78(1) shall be applied to arrive at the exposure value.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-c/division-60", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/c" }, { "path": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/c/division/61", "kind": "division", "number": "61", "heading": "LGD* (the effective LGD)calculated as set out in this point shall be taken as the LGD for the purposes of Annex VII.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.4/division-1.4.2/division-c/division-61", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.4/division/1.4.2/division/c" }, { "path": "annex/VIII/part/3/division/n3/division/1.5", "kind": "division", "number": "1.5", "heading": "Other eligible collateral for Articles 84 to 89", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1", "kind": "division", "number": "1.5.1", "heading": "Valuation", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a", "kind": "division", "number": "(a)", "heading": "Real estate collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a/division/62", "kind": "division", "number": "62", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.1/division-a/division-62", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a/division/63", "kind": "division", "number": "63", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.1/division-a/division-63", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a/division/64", "kind": "division", "number": "64", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.1/division-a/division-64", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a/division/65", "kind": "division", "number": "65", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.1/division-a/division-65", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/b", "kind": "division", "number": "(b)", "heading": "Receivables", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/b/division/66", "kind": "division", "number": "66", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.1/division-b/division-66", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/c", "kind": "division", "number": "(c)", "heading": "Other physical collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/c/division/67", "kind": "division", "number": "67", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.1/division-c/division-67", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.1/division/c" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2", "kind": "division", "number": "1.5.2", "heading": "Calculating risk-weighted exposure amounts and expected loss amounts", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a", "kind": "division", "number": "(a)", "heading": "General treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a/division/68", "kind": "division", "number": "68", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-a/division-68", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a/division/69", "kind": "division", "number": "69", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-a/division-69", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a/division/70", "kind": "division", "number": "70", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-a/division-70", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a/division/71", "kind": "division", "number": "71", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-a/division-71", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a/division/72", "kind": "division", "number": "72", "heading": "Table 5 sets out the applicable LGD* and required collateralisation levels for the secured parts of exposures.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-a/division-72", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/a" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b", "kind": "division", "number": "(b)", "heading": "Alternative treatment for real estate collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b/division/73", "kind": "division", "number": "73", "heading": "Subject to the requirements of this point and point 74 and as an alternative to the treatment in points 68 to 72, the competent authorities of a Member State may authorise credit institutions to assign a 50 % risk weight to the Part of the exposure fully collateralised by residential real estate property or commercial real estate property situated within the territory of the Member State if they have evidence that the relevant markets are well-developed and long-established with loss-rates from lending collateralised by residential real estate property or commercial real estate property respectively that do not exceed the following limits:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-b/division-73", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b/division/74", "kind": "division", "number": "74", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-b/division-74", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b/division/75", "kind": "division", "number": "75", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.5/division-1.5.2/division-b/division-75", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.5/division/1.5.2/division/b" }, { "path": "annex/VIII/part/3/division/n3/division/1.6", "kind": "division", "number": "1.6", "heading": "Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateral", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.6/division/76", "kind": "division", "number": "76", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.6/division-76", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.6" }, { "path": "annex/VIII/part/3/division/n3/division/1.6/division/77", "kind": "division", "number": "77", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.6/division-77", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.6" }, { "path": "annex/VIII/part/3/division/n3/division/1.6/division/78", "kind": "division", "number": "78", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.6/division-78", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.6" }, { "path": "annex/VIII/part/3/division/n3/division/1.7", "kind": "division", "number": "1.7", "heading": "Other funded credit protection", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.1", "kind": "division", "number": "1.7.1", "heading": "Deposits with third party institutions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.1/division/79", "kind": "division", "number": "79", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.7/division-1.7.1/division-79", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.1" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.2", "kind": "division", "number": "1.7.2", "heading": "Life insurance policies pledged to the lending credit institution", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.2/division/80", "kind": "division", "number": "80", "heading": "Where the conditions set out in Part 2, point 13 are satisfied, the portion of the exposure collateralised by the current surrender value of credit protection falling within the terms of Part 1, point 24 shall be either of the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.7/division-1.7.2/division-80", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.2/division/80a", "kind": "division", "number": "80a", "heading": "For purposes of point 80(a), the following risk weights shall be assigned on the basis of the risk weight assigned to a senior unsecured exposure to the company providing the life insurance:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.7/division-1.7.2/division-80a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.2" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.3", "kind": "division", "number": "1.7.3", "heading": "Institution instruments repurchased on request", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.3/division/81", "kind": "division", "number": "81", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.7/division-1.7.3/division-81", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.3" }, { "path": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.3/division/82", "kind": "division", "number": "82", "heading": "The value of the credit protection recognised shall be the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n3/division-1.7/division-1.7.3/division-82", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n3/division/1.7/division/1.7.3" }, { "path": "annex/VIII/part/3/division/n4", "kind": "division", "number": "2", "heading": "UNFUNDED CREDIT PROTECTION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3" }, { "path": "annex/VIII/part/3/division/n4/division/2.1", "kind": "division", "number": "2.1", "heading": "Valuation", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4" }, { "path": "annex/VIII/part/3/division/n4/division/2.1/division/83", "kind": "division", "number": "83", "heading": "The value of unfunded credit protection (G) shall be the amount that the protection provider has undertaken to pay in the event of the default or non-payment of the borrower or on the occurrence of other specified credit events. In the case of credit derivatives which do not include as a credit event restructuring of the underlying obligation involving forgiveness or postponement of principal, interest or fees that result in a credit loss event (e.g. value adjustment, the making of a value adjustment or other similar debit to the profit and loss account),", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.1/division-83", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.1" }, { "path": "annex/VIII/part/3/division/n4/division/2.1/division/84", "kind": "division", "number": "84", "heading": "Where unfunded credit protection is denominated in a currency different from that in which the exposure is denominated (a currency mismatch) the value of the credit protection shall be reduced by the application of a volatility adjustment HFX as follows:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.1/division-84", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.1" }, { "path": "annex/VIII/part/3/division/n4/division/2.1/division/85", "kind": "division", "number": "85", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.1/division-85", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.1" }, { "path": "annex/VIII/part/3/division/n4/division/2.2", "kind": "division", "number": "2.2", "heading": "Calculating risk-weighted exposure amounts and expected loss amounts", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.1", "kind": "division", "number": "2.2.1", "heading": "Partial protection — tranching", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.1/division/86", "kind": "division", "number": "86", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.1/division-86", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.1" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2", "kind": "division", "number": "2.2.2", "heading": "Standardised Approach", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/a", "kind": "division", "number": "(a)", "heading": "Full protection", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/a/division/87", "kind": "division", "number": "87", "heading": "For the purposes of Article 80, g shall be the risk weight to be assigned to an exposure, the exposure value (E) of which is fully protected by unfunded protection (GA), where:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.2/division-a/division-87", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/a" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/b", "kind": "division", "number": "(b)", "heading": "Partial protection — equal seniority", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/b/division/88", "kind": "division", "number": "88", "heading": "Where the protected amount is less than the exposure value and the protected and unprotected parts are of equal seniority — i.e. the credit institution and the protection provider share losses on a pro-rata basis, proportional regulatory capital relief shall be afforded. For the purposes of Article 80, risk-weighted exposure amounts shall be calculated in accordance with the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.2/division-b/division-88", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/b" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/c", "kind": "division", "number": "(c)", "heading": "Sovereign guarantees", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/c/division/89", "kind": "division", "number": "89", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.2/division-c/division-89", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.2/division/c" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3", "kind": "division", "number": "2.2.3", "heading": "IRB Approach", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3/division/90", "kind": "division", "number": "90", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.3/division-90", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3/division/91", "kind": "division", "number": "91", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.3/division-91", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3" }, { "path": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3/division/92", "kind": "division", "number": "92", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-3/division-n4/division-2.2/division-2.2.3/division-92", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/3/division/n4/division/2.2/division/2.2.3" }, { "path": "annex/VIII/part/4", "kind": "part", "number": "4", "heading": "Maturity Mismatches", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII" }, { "path": "annex/VIII/part/4/division/n1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4" }, { "path": "annex/VIII/part/4/division/n2", "kind": "division", "number": "2", "heading": "Where there is a maturity mismatch the credit protection shall not be recognised where:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4" }, { "path": "annex/VIII/part/4/division/n3", "kind": "division", "number": "1", "heading": "DEFINITION OF MATURITY", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4" }, { "path": "annex/VIII/part/4/division/n3/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n3/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n3" }, { "path": "annex/VIII/part/4/division/n3/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n3/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n3" }, { "path": "annex/VIII/part/4/division/n3/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n3/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n3" }, { "path": "annex/VIII/part/4/division/n4", "kind": "division", "number": "2", "heading": "VALUATION OF PROTECTION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4" }, { "path": "annex/VIII/part/4/division/n4/division/2.1", "kind": "division", "number": "2.1", "heading": "Transactions subject to funded credit protection — Financial Collateral Simple Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n4" }, { "path": "annex/VIII/part/4/division/n4/division/2.1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n4/division-2.1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n4/division/2.1" }, { "path": "annex/VIII/part/4/division/n4/division/2.2", "kind": "division", "number": "2.2", "heading": "Transactions subject to funded credit protection — Financial Collateral Comprehensive Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n4" }, { "path": "annex/VIII/part/4/division/n4/division/2.2/division/7", "kind": "division", "number": "7", "heading": "The maturity of the credit protection and that of the exposure must be reflected in the adjusted value of the collateral according to the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n4/division-2.2/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n4/division/2.2" }, { "path": "annex/VIII/part/4/division/n4/division/2.3", "kind": "division", "number": "2.3", "heading": "Transactions subject to unfunded credit protection", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n4" }, { "path": "annex/VIII/part/4/division/n4/division/2.3/division/8", "kind": "division", "number": "8", "heading": "The maturity of the credit protection and that of the exposure must be reflected in the adjusted value of the credit protection according to the following formula", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-4/division-n4/division-2.3/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/4/division/n4/division/2.3" }, { "path": "annex/VIII/part/5", "kind": "part", "number": "5", "heading": "Combinations of credit risk mitigation in the Standardised Approach", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII" }, { "path": "annex/VIII/part/5/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-5/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/5" }, { "path": "annex/VIII/part/5/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-5/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/5" }, { "path": "annex/VIII/part/6", "kind": "part", "number": "6", "heading": "Basket CRM techniques", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII" }, { "path": "annex/VIII/part/6/division/1", "kind": "division", "number": "1", "heading": "FIRST-TO-DEFAULT CREDIT DERIVATIVES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/6" }, { "path": "annex/VIII/part/6/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-6/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/6/division/1" }, { "path": "annex/VIII/part/6/division/2", "kind": "division", "number": "2", "heading": "N NTH-TO-DEFAULT CREDIT DERIVATIVES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/6" }, { "path": "annex/VIII/part/6/division/2/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VIII/part-6/division-2/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/VIII/part/6/division/2" }, { "path": "annex/IX", "kind": "annex", "number": "IX", "heading": "SECURITISATION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/IX/part/1", "kind": "part", "number": "1", "heading": "Definitions for the purposes of Annex IX", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX" }, { "path": "annex/IX/part/1/division/1", "kind": "division", "number": "1", "heading": "For the purposes of this Annex:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/1" }, { "path": "annex/IX/part/2", "kind": "part", "number": "2", "heading": "Minimum requirements for recognition of significant credit risk transfer and calculation of risk-weighted exposure amounts and expected loss amounts for securitised exposures", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX" }, { "path": "annex/IX/part/2/division/1", "kind": "division", "number": "1", "heading": "MINIMUM REQUIREMENTS FOR RECOGNITION OF SIGNIFICANT CREDIT RISK TRANSFER IN A TRADITIONAL SECURITISATION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2" }, { "path": "annex/IX/part/2/division/1/division/1", "kind": "division", "number": "1", "heading": "The originator credit institution of a traditional securitisation may exclude securitised exposures from the calculation of risk-weighted exposure amounts and expected loss amounts if either of the following conditions is fulfilled:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/1" }, { "path": "annex/IX/part/2/division/1/division/1a", "kind": "division", "number": "1a", "heading": "Unless the competent authority decides in a specific instance that the possible reduction in risk weighted exposure amounts which the originator credit institution would achieve by this securitisation is not justified by a commensurate transfer of credit risk to third parties, significant credit risk shall be considered to have been transferred in the following cases:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-1/division-1a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/1" }, { "path": "annex/IX/part/2/division/1/division/1b", "kind": "division", "number": "1b", "heading": "For the purposes of point 1a, mezzanine securitisation positions mean securitisation positions to which a risk weight lower than 1 250 % applies and that are more junior than the most senior position in this securitisation and more junior than any securitisation position in this securitisation to which:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-1/division-1b", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/1" }, { "path": "annex/IX/part/2/division/1/division/1c", "kind": "division", "number": "1c", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-1/division-1c", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/1" }, { "path": "annex/IX/part/2/division/1/division/1d", "kind": "division", "number": "1d", "heading": "In addition to points 1 to 1c, all the following conditions shall be met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-1/division-1d", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/1" }, { "path": "annex/IX/part/2/division/2", "kind": "division", "number": "2", "heading": "MINIMUM REQUIREMENTS FOR RECOGNITION OF SIGNIFICANT CREDIT RISK TRANSFER IN A SYNTHETIC SECURITISATION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2" }, { "path": "annex/IX/part/2/division/2/division/2", "kind": "division", "number": "2", "heading": "An originator credit institution of a synthetic securitisation may calculate risk-weighted exposure amounts, and, as relevant, expected loss amounts, for the securitised exposures in accordance with points 3 and 4, if either of the following is met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-2/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/2" }, { "path": "annex/IX/part/2/division/2/division/2a", "kind": "division", "number": "2a", "heading": "Unless the competent authority decides on a case- by-case basis that the possible reduction in risk weighted exposure amounts which the originator credit institution would achieve by this securitisation is not justified by a commensurate transfer of credit risk to third parties, significant credit risk shall be considered to have been transferred if either of the following conditions is met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-2/division-2a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/2" }, { "path": "annex/IX/part/2/division/2/division/2b", "kind": "division", "number": "2b", "heading": "For the purposes of point 2a, mezzanine securitisation positions means securitisation positions to which a risk weight lower than 1 250 % applies and that are more junior than the most senior position in this securitisation and more junior than any securitisation positions in this securitisation to which:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-2/division-2b", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/2" }, { "path": "annex/IX/part/2/division/2/division/2c", "kind": "division", "number": "2c", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-2/division-2c", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/2" }, { "path": "annex/IX/part/2/division/2/division/2d", "kind": "division", "number": "2d", "heading": "In addition, the transfer shall comply with the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-2/division-2d", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/2" }, { "path": "annex/IX/part/2/division/3", "kind": "division", "number": "3", "heading": "ORIGINATOR CREDIT INSTITUTIONS' CALCULATION OF RISK-WEIGHTED EXPOSURE AMOUNTS FOR EXPOSURES SECURITISED IN A SYNTHETIC SECURITISATION", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2" }, { "path": "annex/IX/part/2/division/3/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-3/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/3" }, { "path": "annex/IX/part/2/division/3/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-3/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/3" }, { "path": "annex/IX/part/2/division/3/division/3.1", "kind": "division", "number": "3.1", "heading": "Treatment of maturity mismatches in synthetic securitisations", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/3" }, { "path": "annex/IX/part/2/division/3/division/3.1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-3/division-3.1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/3/division/3.1" }, { "path": "annex/IX/part/2/division/3/division/3.1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-3/division-3.1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/3/division/3.1" }, { "path": "annex/IX/part/2/division/3/division/3.1/division/7", "kind": "division", "number": "7", "heading": "An originator credit institution shall ignore any maturity mismatch in calculating risk-weighted exposure amounts for tranches appearing pursuant to Part 4 with a risk weighting of 1 250 %. For all other tranches, the maturity mismatch treatment set out in Annex VIII shall be applied in accordance with the following formula:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-2/division-3/division-3.1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/2/division/3/division/3.1" }, { "path": "annex/IX/part/3", "kind": "part", "number": "3", "heading": "External credit assessments", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX" }, { "path": "annex/IX/part/3/division/1", "kind": "division", "number": "1", "heading": "REQUIREMENTS TO BE MET BY THE CREDIT ASSESSMENTS OF ECAIS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3" }, { "path": "annex/IX/part/3/division/1/division/1", "kind": "division", "number": "1", "heading": "To be used for the purposes of calculating risk-weighted exposure amounts under Part 4, a credit assessment of an eligible ECAI shall comply with the following conditions.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/1" }, { "path": "annex/IX/part/3/division/2", "kind": "division", "number": "2", "heading": "USE OF CREDIT ASSESSMENTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3" }, { "path": "annex/IX/part/3/division/2/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/2/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/2/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/2/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/2/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/2/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/2/division/7a", "kind": "division", "number": "7a", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-2/division-7a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/2" }, { "path": "annex/IX/part/3/division/3", "kind": "division", "number": "3", "heading": "MAPPING", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3" }, { "path": "annex/IX/part/3/division/3/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-3/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/3" }, { "path": "annex/IX/part/3/division/3/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-3/division-3/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/3/division/3" }, { "path": "annex/IX/part/4", "kind": "part", "number": "4", "heading": "Calculation", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX" }, { "path": "annex/IX/part/4/division/1", "kind": "division", "number": "1", "heading": "CALCULATION OF RISK-WEIGHTED EXPOSURE AMOUNTS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4" }, { "path": "annex/IX/part/4/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/1" }, { "path": "annex/IX/part/4/division/1/division/2", "kind": "division", "number": "2", "heading": "Subject to point 3:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/1" }, { "path": "annex/IX/part/4/division/1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/1" }, { "path": "annex/IX/part/4/division/1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/1" }, { "path": "annex/IX/part/4/division/1/division/5", "kind": "division", "number": "5", "heading": "Where a credit institution has two or more overlapping positions in a securitisation, it will be required to the extent that they overlap to include in its calculation of risk-weighted exposure amounts only the position or portion of a position producing the higher risk-weighted exposure amounts. The credit institution may also recognise such overlap between specific risk capital charges for positions in the trading book and capital charges for positions in the banking book, provided that the credit institution is able to calculate and compare the capital charges for the relevant positions. For the purpose of this point ‘overlapping’ occurs when the positions, wholly or partially, represent an exposure to the same risk such that the extent of the overlap there is a single exposure.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/1" }, { "path": "annex/IX/part/4/division/2", "kind": "division", "number": "2", "heading": "CALCULATION OF RISK-WEIGHTED EXPOSURE AMOUNTS UNDER THE STANDARDISED APPROACH", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4" }, { "path": "annex/IX/part/4/division/2/division/6", "kind": "division", "number": "6", "heading": "Subject to point 8, the risk-weighted exposure amount of a rated securitisation or re-securitisation position shall be calculated by applying to the exposure value the risk weight associated with the credit quality step with which the credit assessment has been determined to be associated by the competent authorities in accordance with Article 98 as laid down in Table 1.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.1", "kind": "division", "number": "2.1", "heading": "Originator and sponsor credit institutions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.1/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.1/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.1" }, { "path": "annex/IX/part/4/division/2/division/2.2", "kind": "division", "number": "2.2", "heading": "Treatment of unrated positions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.2/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.2/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.2" }, { "path": "annex/IX/part/4/division/2/division/2.2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.2" }, { "path": "annex/IX/part/4/division/2/division/2.3", "kind": "division", "number": "2.3", "heading": "Treatment of securitisation positions in a second loss tranche or better in an ABCP programme", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.3/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.3/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.3" }, { "path": "annex/IX/part/4/division/2/division/2.3/division/12", "kind": "division", "number": "12", "heading": "For the treatment set out in point 11 to be available, the securitisation position shall be:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.3/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.3" }, { "path": "annex/IX/part/4/division/2/division/2.4", "kind": "division", "number": "2.4", "heading": "Treatment of unrated liquidity facilities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.4/division/2.4.1", "kind": "division", "number": "2.4.1", "heading": "Eligible liquidity facilities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.4" }, { "path": "annex/IX/part/4/division/2/division/2.4/division/2.4.1/division/13", "kind": "division", "number": "13", "heading": "When the following conditions are met, to determine its exposure value a conversion figure of 50 % may be applied to the nominal amount of a liquidity facility:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.4/division-2.4.1/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.4/division/2.4.1" }, { "path": "annex/IX/part/4/division/2/division/2.4/division/2.4.2", "kind": "division", "number": "2.4.2", "heading": "Liquidity facilities that may be drawn only in the event of a general market disruption", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.4" }, { "path": "annex/IX/part/4/division/2/division/2.4/division/2.4.2/division/14", "kind": "division", "number": "14", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.4/division-2.4.2/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.4/division/2.4.2" }, { "path": "annex/IX/part/4/division/2/division/2.4/division/2.4.3", "kind": "division", "number": "2.4.3", "heading": "Cash advance facilities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.4" }, { "path": "annex/IX/part/4/division/2/division/2.4/division/2.4.3/division/15", "kind": "division", "number": "15", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.4/division-2.4.3/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.4/division/2.4.3" }, { "path": "annex/IX/part/4/division/2/division/2.5", "kind": "division", "number": "2.5", "heading": "Additional capital requirements for securitisations of revolving exposures with early amortisation provisions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/16", "kind": "division", "number": "16", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-16", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/17", "kind": "division", "number": "17", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-17", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/18", "kind": "division", "number": "18", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-18", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/19", "kind": "division", "number": "19", "heading": "For the purposes of point 16 to 31, ‘originator's interest’ means the exposure value of that notional Part of a pool of drawn amounts sold into a securitisation, the proportion of which in relation to the amount of the total pool sold into the structure determines the proportion of the cash flows generated by principal and interest collections and other associated amounts which are not available to make payments to those having securitisation positions in the securitisation.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-19", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/20", "kind": "division", "number": "20", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-20", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.1", "kind": "division", "number": "2.5.1", "heading": "Exemptions from early amortisation treatment", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.1/division/21", "kind": "division", "number": "21", "heading": "Originators of the following types of securitisation are exempt from the capital requirement in point 16:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.1/division-21", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.1" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.2", "kind": "division", "number": "2.5.2", "heading": "Maximum capital requirement", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.2/division/22", "kind": "division", "number": "22", "heading": "For an originator credit institution subject to the capital requirement in point 16 the total of the risk-weighted exposure amounts in respect of its positions in the investors' interest and the risk-weighted exposure amounts calculated under point 16 shall be no greater than the greater of:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.2/division-22", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.2" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.2/division/23", "kind": "division", "number": "23", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.2/division-23", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.2" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3", "kind": "division", "number": "2.5.3", "heading": "Calculation of risk-weighted exposure amounts", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/24", "kind": "division", "number": "24", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-24", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/25", "kind": "division", "number": "25", "heading": "An early amortisation provision shall be considered to be ‘controlled’ where the following conditions are met:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-25", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/26", "kind": "division", "number": "26", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-26", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/27", "kind": "division", "number": "27", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-27", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/28", "kind": "division", "number": "28", "heading": "The conversion figure to be applied shall be determined by the level of the actual three month average excess spread in accordance with Table 3.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-28", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/29", "kind": "division", "number": "29", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/30", "kind": "division", "number": "30", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/31", "kind": "division", "number": "31", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/32", "kind": "division", "number": "32", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-32", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.5/division/2.5.3/division/33", "kind": "division", "number": "33", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.5/division-2.5.3/division-33", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.5/division/2.5.3" }, { "path": "annex/IX/part/4/division/2/division/2.6", "kind": "division", "number": "2.6", "heading": "Recognition of credit risk mitigation on securitisation positions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.6/division/34", "kind": "division", "number": "34", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.6/division-34", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.6" }, { "path": "annex/IX/part/4/division/2/division/2.7", "kind": "division", "number": "2.7", "heading": "Reduction in risk-weighted exposure amounts", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2" }, { "path": "annex/IX/part/4/division/2/division/2.7/division/35", "kind": "division", "number": "35", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.7/division-35", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.7" }, { "path": "annex/IX/part/4/division/2/division/2.7/division/36", "kind": "division", "number": "36", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-2/division-2.7/division-36", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/2/division/2.7" }, { "path": "annex/IX/part/4/division/3", "kind": "division", "number": "3", "heading": "CALCULATION OF RISK-WEIGHTED EXPOSURE AMOUNTS UNDER THE INTERNAL RATINGS BASED APPROACH", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4" }, { "path": "annex/IX/part/4/division/3/division/3.1", "kind": "division", "number": "3.1", "heading": "Hierarchy of methods", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/37", "kind": "division", "number": "37", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-37", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/38", "kind": "division", "number": "38", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-38", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/39", "kind": "division", "number": "39", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-39", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/40", "kind": "division", "number": "40", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-40", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/41", "kind": "division", "number": "41", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-41", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/3.1.1", "kind": "division", "number": "3.1.1", "heading": "Use of inferred ratings", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/3.1.1/division/42", "kind": "division", "number": "42", "heading": "When the following minimum operational requirements are satisfied, an institution shall attribute to an unrated position an inferred credit assessment equivalent to the credit assessment of those rated positions (the ‘reference positions’) which are the most senior positions which are in all respects subordinate to the unrated securitisation position in question:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-3.1.1/division-42", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1/division/3.1.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/3.1.2", "kind": "division", "number": "3.1.2", "heading": "The ‘Internal Assessment Approach’ for positions in ABCP programmes", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/3.1.2/division/43", "kind": "division", "number": "43", "heading": "Subject to the approval of the competent authorities, when the following conditions are satisfied a credit institution may attribute to an unrated position in an ABCP programme a derived rating as laid down in point 44:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-3.1.2/division-43", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1/division/3.1.2" }, { "path": "annex/IX/part/4/division/3/division/3.1/division/3.1.2/division/44", "kind": "division", "number": "44", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.1/division-3.1.2/division-44", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.1/division/3.1.2" }, { "path": "annex/IX/part/4/division/3/division/3.2", "kind": "division", "number": "3.2", "heading": "Maximum risk-weighted exposure amounts", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3" }, { "path": "annex/IX/part/4/division/3/division/3.2/division/45", "kind": "division", "number": "45", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.2/division-45", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.2" }, { "path": "annex/IX/part/4/division/3/division/3.3", "kind": "division", "number": "3.3", "heading": "Ratings Based Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3" }, { "path": "annex/IX/part/4/division/3/division/3.3/division/46", "kind": "division", "number": "46", "heading": "Under the Ratings Based Method, the risk-weighted exposure amount of a rated securitisation or re-securitisation position shall be calculated by applying to the exposure value the risk weight associated with the credit quality step with which the credit assessment has been determined to be associated by the competent authorities in accordance with Article 98, as set out in the Table 4, multiplied by 1,06.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.3/division-46", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.3" }, { "path": "annex/IX/part/4/division/3/division/3.3/division/47", "kind": "division", "number": "47", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.3/division-47", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.3" }, { "path": "annex/IX/part/4/division/3/division/3.3/division/48", "kind": "division", "number": "48", "heading": "A risk weight of 6 % may be applied to a position in the most senior tranche of a securitisation where that tranche is senior in all respects to another tranche of the securitisation positions which would receive a risk weight of 7 % under point 46, provided that:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.3/division-48", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.3" }, { "path": "annex/IX/part/4/division/3/division/3.3/division/49", "kind": "division", "number": "49", "heading": "In calculating the effective number of exposures securitised multiple exposures to one obligor shall be treated as one exposure. The effective number of exposures is calculated as:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.3/division-49", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.3" }, { "path": "annex/IX/part/4/division/3/division/3.3/division/50", "kind": "division", "number": "50", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.3/division-50", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.3" }, { "path": "annex/IX/part/4/division/3/division/3.3/division/51", "kind": "division", "number": "51", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.3/division-51", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.3" }, { "path": "annex/IX/part/4/division/3/division/3.4", "kind": "division", "number": "3.4", "heading": "Supervisory Formula Method", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3" }, { "path": "annex/IX/part/4/division/3/division/3.4/division/52", "kind": "division", "number": "52", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.4/division-52", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.4" }, { "path": "annex/IX/part/4/division/3/division/3.4/division/53", "kind": "division", "number": "53", "heading": "Subject to points 58 and 59, the risk weight to be applied to the exposure amount shall be:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.4/division-53", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.4" }, { "path": "annex/IX/part/4/division/3/division/3.4/division/54", "kind": "division", "number": "54", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.4/division-54", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.4" }, { "path": "annex/IX/part/4/division/3/division/3.5", "kind": "division", "number": "3.5", "heading": "Liquidity Facilities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/55", "kind": "division", "number": "55", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.5/division-55", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.1", "kind": "division", "number": "3.5.1", "heading": "Liquidity Facilities Only Available in the Event of General Market Disruption", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.1/division/56", "kind": "division", "number": "56", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.5/division-3.5.1/division-56", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5/division/3.5.1" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.2", "kind": "division", "number": "3.5.2", "heading": "Cash advance facilities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.2/division/57", "kind": "division", "number": "57", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.5/division-3.5.2/division-57", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5/division/3.5.2" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.3", "kind": "division", "number": "3.5.3", "heading": "Exceptional treatment where Kirb cannot be calculated.", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.3/division/58", "kind": "division", "number": "58", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-IX/part-4/division-3/division-3.5/division-3.5.3/division-58", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/IX/part/4/division/3/division/3.5/division/3.5.3" }, { "path": "annex/IX/part/4/division/3/division/3.5/division/3.5.3/division/59", "kind": "division", "number": "59", "heading": null, "url": 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When audited figures are not available, business estimates may be used.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/1" }, { "path": "annex/X/part/2/division/1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/1" }, { "path": "annex/X/part/2/division/2", "kind": "division", "number": "2", "heading": "PRINCIPLES FOR BUSINESS LINE MAPPING", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2" }, { "path": "annex/X/part/2/division/2/division/4", "kind": "division", "number": "4", "heading": "Credit institutions must develop and document specific policies and criteria for mapping the relevant indicator for current business lines and activities into the standardised framework. 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The principles for business line mapping are:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/2" }, { "path": "annex/X/part/2/division/3", "kind": "division", "number": "3", "heading": "ALTERNATIVE INDICATORS FOR CERTAIN BUSINESS LINES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2" }, { "path": "annex/X/part/2/division/3/division/3.1", "kind": "division", "number": "3.1", "heading": "Modalities", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3" }, { "path": "annex/X/part/2/division/3/division/3.1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.1" }, { "path": "annex/X/part/2/division/3/division/3.1/division/6", "kind": "division", "number": "6", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.1/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.1" }, { "path": "annex/X/part/2/division/3/division/3.1/division/7", "kind": "division", "number": "7", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.1/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.1" }, { "path": "annex/X/part/2/division/3/division/3.2", "kind": "division", "number": "3.2", "heading": "Conditions", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3" }, { "path": "annex/X/part/2/division/3/division/3.2/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.2/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.2" }, { "path": "annex/X/part/2/division/3/division/3.2/division/3.2.1", "kind": "division", "number": "3.2.1", "heading": "General condition", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.2" }, { "path": "annex/X/part/2/division/3/division/3.2/division/3.2.1/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.2/division-3.2.1/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.2/division/3.2.1" }, { "path": "annex/X/part/2/division/3/division/3.2/division/3.2.2", "kind": "division", "number": "3.2.2", "heading": "Conditions specific to retail banking and commercial banking", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.2" }, { "path": "annex/X/part/2/division/3/division/3.2/division/3.2.2/division/10", "kind": "division", "number": "10", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.2/division-3.2.2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.2/division/3.2.2" }, { "path": "annex/X/part/2/division/3/division/3.2/division/3.2.2/division/11", "kind": "division", "number": "11", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-3/division-3.2/division-3.2.2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/3/division/3.2/division/3.2.2" }, { "path": "annex/X/part/2/division/4", "kind": "division", "number": "4", "heading": "QUALIFYING CRITERIA", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2" }, { "path": "annex/X/part/2/division/4/division/12", "kind": "division", "number": "12", "heading": "Credit institutions must meet the qualifying criteria listed below, in addition to the general risk management standards set out in Article 22 and Annex V. Satisfaction of these criteria shall be determined having regard to the size and scale of activities of the credit institution and to the principle of proportionality.", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-2/division-4/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/2/division/4" }, { "path": "annex/X/part/3", "kind": "part", "number": "3", "heading": "Advanced Measurement Approaches", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X" }, { "path": "annex/X/part/3/division/1", "kind": "division", "number": "1", "heading": "QUALIFYING CRITERIA", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3" }, { "path": "annex/X/part/3/division/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-3/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/1" }, { "path": "annex/X/part/3/division/1/division/1.1", "kind": "division", "number": "1.1", "heading": "Qualitative Standards", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/1" }, { "path": "annex/X/part/3/division/1/division/1.1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-3/division-1/division-1.1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/1/division/1.1" }, { "path": "annex/X/part/3/division/1/division/1.1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-3/division-1/division-1.1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/1/division/1.1" }, { "path": "annex/X/part/3/division/1/division/1.1/division/4", "kind": "division", "number": "4", 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"path": "annex/X/part/3/division/2/division/29", "kind": "division", "number": "29", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-3/division-2/division-29", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/2" }, { "path": "annex/X/part/3/division/3", "kind": "division", "number": "3", "heading": "APPLICATION TO USE AN ADVANCED MEASUREMENT APPROACH ON A GROUP-WIDE BASIS", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3" }, { "path": "annex/X/part/3/division/3/division/30", "kind": "division", "number": "30", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-3/division-3/division-30", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/3" }, { "path": "annex/X/part/3/division/3/division/31", "kind": "division", "number": "31", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-3/division-3/division-31", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/3/division/3" }, { "path": "annex/X/part/4", "kind": "part", "number": "4", "heading": "Combined use of different methodologies", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X" }, { "path": "annex/X/part/4/division/1", "kind": "division", "number": "1", "heading": "USE OF AN ADVANCED MEASUREMENT APPROACH IN COMBINATION WITH OTHER APPROACHES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/4" }, { "path": "annex/X/part/4/division/1/division/1", "kind": "division", "number": "1", "heading": "A credit institution may use an Advanced Measurement Approach in combination with either the Basic Indicator Approach or the Standardised Approach, subject to the following conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-4/division-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/4/division/1" }, { "path": "annex/X/part/4/division/1/division/2", "kind": "division", "number": "2", "heading": "On a case-by case basis, the competent authority may impose the following additional conditions:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-4/division-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/4/division/1" }, { "path": "annex/X/part/4/division/2", "kind": "division", "number": "2", "heading": "COMBINED USE OF THE BASIC INDICATOR APPROACH AND OF THE STANDARDISED APPROACH", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/4" }, { "path": "annex/X/part/4/division/2/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-4/division-2/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/4/division/2" }, { "path": "annex/X/part/4/division/2/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-4/division-2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X/part/4/division/2" }, { "path": "annex/X/part/5", "kind": "part", "number": "5", "heading": "Loss event type classification", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-X/part-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/X" }, { "path": "annex/XI", "kind": "annex", "number": "XI", "heading": "TECHNICAL CRITERIA ON REVIEW AND EVALUATION BY THE COMPETENT AUTHORITIES", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/XI/division/1", "kind": "division", "number": "1", "heading": "In addition to credit, market and operational risks, the review and evaluation performed by competent authorities pursuant to Article 124 shall include the following:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XI/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XI" }, { "path": "annex/XI/division/1a", "kind": "division", "number": "1a", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XI/division-1a", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XI" }, { "path": "annex/XI/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XI/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XI" }, { "path": "annex/XI/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XI/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XI" }, { "path": "annex/XII", "kind": "annex", "number": "XII", "heading": "TECHNICAL CRITERIA ON TRANSPARENCY AND DISCLOSURE", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/XII/part/1", "kind": "part", "number": "1", "heading": "General criteria", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII" }, { "path": "annex/XII/part/1/division/1", "kind": "division", "number": "1", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-1/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/1" }, { "path": "annex/XII/part/1/division/2", "kind": "division", "number": "2", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-1/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/1" }, { "path": "annex/XII/part/1/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-1/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/1" }, { "path": "annex/XII/part/1/division/4", "kind": "division", "number": "4", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-1/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/1" }, { "path": "annex/XII/part/1/division/5", "kind": "division", "number": "5", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-1/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/1" }, { "path": "annex/XII/part/2", "kind": "part", "number": "2", "heading": "General requirements", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII" }, { "path": "annex/XII/part/2/division/1", "kind": "division", "number": "1", "heading": "The risk management objectives and policies of the credit institution shall be disclosed for each separate category of risk, including the risks referred to under points 1 to 14. These disclosures shall include:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/2", "kind": "division", "number": "2", "heading": "The following information shall be disclosed regarding the scope of application of the requirements of this Directive:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/3", "kind": "division", "number": "3", "heading": "The following information shall be disclosed by the credit institutions regarding their own funds:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/4", "kind": "division", "number": "4", "heading": "The following information shall be disclosed regarding the compliance by the credit institution with the requirements laid down in Articles 75 and 123:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-4", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/5", "kind": "division", "number": "5", "heading": "The following information shall be disclosed regarding the credit institution's exposure to counterparty credit risk as defined in Annex III, Part 1:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-5", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/6", "kind": "division", "number": "6", "heading": "The following information shall be disclosed regarding the credit institution's exposure to credit risk and dilution risk:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-6", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/7", "kind": "division", "number": "7", "heading": "For credit institutions calculating the risk-weighted exposure amounts in accordance with Articles 78 to 83, the following information shall be disclosed for each of the exposure classes specified in Article 79:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-7", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/8", "kind": "division", "number": "8", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-8", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/9", "kind": "division", "number": "9", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-9", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/10", "kind": "division", "number": "10", "heading": "The following information shall be disclosed by each credit institution which calculates its capital requirements in accordance with Annex V to Directive 2006/49/EC:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-10", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/11", "kind": "division", "number": "11", "heading": "The following information shall be disclosed by the credit institutions on operational risk:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-11", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/12", "kind": "division", "number": "12", "heading": "The following information shall be disclosed regarding the exposures in equities not included in the trading book:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-12", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/13", "kind": "division", "number": "13", "heading": "The following information shall be disclosed by credit institutions on their exposure to interest rate risk on positions not included in the trading book:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-13", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/14", "kind": "division", "number": "14", "heading": "Credit institutions calculating risk weighted exposure amounts in accordance with Articles 94 to 101 or capital requirements in accordance with point 16a of Annex I to Directive 2006/49/EC shall disclose the following information, where relevant, separately for their trading and non-trading book:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-14", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/2/division/15", "kind": "division", "number": "15", "heading": "The following information, including regular, at least annual, updates, shall be disclosed to the public regarding the remuneration policy and practices of the credit institution for those categories of staff whose professional activities have a material impact on its risk profile:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-2/division-15", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/2" }, { "path": "annex/XII/part/3", "kind": "part", "number": "3", "heading": "Qualifying requirements for the use of particular instruments or methodologies", "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII" }, { "path": "annex/XII/part/3/division/1", "kind": "division", "number": "1", "heading": "The credit institutions calculating the risk-weighted exposure amounts in accordance with Articles 84 to 89 shall disclose the following information:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-3/division-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/3" }, { "path": "annex/XII/part/3/division/2", "kind": "division", "number": "2", "heading": "The credit institutions applying credit risk mitigation techniques shall disclose the following information:", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-3/division-2", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/3" }, { "path": "annex/XII/part/3/division/3", "kind": "division", "number": "3", "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XII/part-3/division-3", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XII/part/3" }, { "path": "annex/XIII", "kind": "annex", "number": "XIII", "heading": null, "url": null, "extent": "E+W+S+N.I.", "status": "repealed", "parent": null }, { "path": "annex/XIII/part/A", "kind": "part", "number": "A", "heading": "Repealed Directives Together With Their Successive Amendments (referred To In Article 158)", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XIII/part-A", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XIII" }, { "path": "annex/XIII/part/B", "kind": "part", "number": "B", "heading": "deadlines for transposition (referred to in Article 158)", "url": "https://openlegislation.uk/eu-directive-2006-48/annex-XIII/part-B", "extent": "E+W+S+N.I.", "status": "repealed", "parent": "annex/XIII" }, { "path": "attachment/1", "kind": "attachment", "number": null, "heading": null, "url": "https://openlegislation.uk/eu-directive-2006-48/attachment-1", "extent": "E+W+S+N.I.", "status": "repealed", "parent": null } ], "outstanding_effects": [], "made_under": [], "changes_made_to": 0, "changes_made_to_url": "https://openlegislation.uk/eu-directive-2006-48/changes.json", "changes_made_by": 0, "changes_made_by_url": "https://openlegislation.uk/eu-directive-2006-48/changes/by-it.json", "instruments_made_under": 0, "instruments_made_under_url": "https://openlegislation.uk/eu-directive-2006-48/instruments.json", "provenance": { "source": "legislation.gov.uk", "source_url": "https://www.legislation.gov.uk/eudr/2006/48", "retrieved_at": "2026-11-01T15:22:36.111352+00:00" }, "licence": "Open Government Licence v3.0", "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/", "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives." }