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Division 2 EXPOSURES TO REGIONAL GOVERNMENTS OR LOCAL AUTHORITIESF1

United Kingdom Repealed

Original text. Later amendments are not shown.

  1. 8Division 8
  2. 9Exposures 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.
  3. 10Division 10
  4. 11Division 11
  5. 11aDivision 11a

Annotations

Textual amendments

F1

Repealed by Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance).