{
  "url": "https://openlegislation.uk/eu-regulation-2013-575/article-324",
  "json_url": "https://openlegislation.uk/eu-regulation-2013-575/article-324.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": "article/324",
  "kind": "article",
  "number": "324",
  "heading": "Loss event type classification",
  "text": "The loss events types referred to in point (b) of Article 322(3) are the following:\nTable 3\nEvent-Type Category\nDefinition\nInternal fraud\nLosses due to acts of a type intended to defraud, misappropriate property or circumvent regulations, the law or company policy, excluding diversity/discrimination events, which involves at least one internal party\nExternal fraud\nLosses due to acts of a type intended to defraud, misappropriate property or circumvent the law, by a third party\nEmployment Practices and Workplace Safety\nLosses arising from acts inconsistent with employment, health or safety laws or agreements, from payment of personal injury claims, or from diversity/discrimination events\nClients, Products & Business Practices\nLosses arising from an unintentional or negligent failure to meet a professional obligation to specific clients (including fiduciary and suitability requirements), or from the nature or design of a product\nDamage to Physical Assets\nLosses arising from loss or damage to physical assets from natural disaster or other events\nBusiness disruption and system failures\nLosses arising from disruption of business or system failures\nExecution, Delivery & Process Management\nLosses from failed transaction processing or process management, from relations with trade counterparties and vendors",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "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/article/324",
    "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."
}