# 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), Article 348: Own funds requirements for CIUs

Extent: E+W+S+N.I.

1 . Without prejudice to other provisions in this Section, positions in CIUs shall be subject to an own funds requirement for position risk, comprising specific and general risk, of 32 %. Without prejudice to Article 353 taken together with the amended gold treatment set out in Article 352(4) and Article 367(2)(b) positions in CIUs shall be subject to an own funds requirement for position risk, comprising specific and general risk, and foreign-exchange risk of 40 %.
2 . Unless noted otherwise in Article 350, no netting is permitted between the underlying investments of a CIU and other positions held by the institution.

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Source: https://www.legislation.gov.uk/eur/2013/575/article/348 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/article-348
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.