{
  "url": "https://openlegislation.uk/eu-regulation-2013-575/annex-I/division-1",
  "json_url": "https://openlegislation.uk/eu-regulation-2013-575/annex-I/division-1.json",
  "legislation": "eur/2013/575",
  "legislation_title": "Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2013-575",
  "path": "annex/I/division/1",
  "kind": "division",
  "number": "1",
  "heading": "Full risk:",
  "text": "(a) guarantees having the character of credit substitutes, (e.g. guarantees for the good payment of credit facilities);\n(b) credit derivatives;\n(c) acceptances;\n(d) endorsements on bills not bearing the name of another institution or an investment firm;\n(e) transactions with recourse (e.g. factoring, invoice discount facilities);\n(f) irrevocable standby letters of credit having the character of credit substitutes;\n(g) assets purchased under outright forward purchase agreements;\n(h) forward deposits;\n(i) the unpaid portion of partly-paid shares and securities;\n(j)other off-balance sheet items:\n(i)including agreements where the transferee is merely entitled to return the assets at the purchase price or for a different amount agreed in advance on a date specified or to be specified, the transaction in question shall be deemed to be a sale with an option to purchase; and\n(ii)excluding agreements where the transferor is not entitled to show in his balance sheets the assets transferred;\n(k) other items also carrying full risk.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Annex 1 point 1(d) inserted (1.1.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 1 para. 45; S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Annex 1 point 1(j) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 217(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "X",
      "label": "X1",
      "text": "Substituted by Corrigendum to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2013/575/annex/I/division/1",
    "retrieved_at": "2026-11-01T14:48:36.198705+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."
}