{
  "url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-13",
  "json_url": "https://openlegislation.uk/eu-directive-2006-48/annex-VII/part-2/division-n2/division-1.3/division-13.json",
  "legislation": "eudr/2006/48",
  "legislation_title": "Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) (repealed)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2006-48",
  "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:",
  "text": ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": "repealed",
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Repealed by Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential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)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2006/48/annex/VII/part/2/division/n2/division/1.3/division/13",
    "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."
}