OpenLegislation

Section 1 Permission by competent authorities to use the IRB approachX1

United Kingdom

Original text. Later amendments are not shown.

  1. 142Definitions
  2. 143Permission to use the IRB Approach
  3. 144Competent authorities' assessment of an application to use an IRB Approach
  4. 145Prior experience of using IRB approaches
  5. 146Measures to be taken where the requirements of this Chapter cease to be met
  6. 147Methodology to assign exposures to exposure classes
  7. 148Conditions for implementing the IRB Approach across different classes of exposure and business units
  8. 149Conditions to revert to the use of less sophisticated approaches
  9. 150Conditions for permanent partial use

Annotations

Editorial notes

X1

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).

Notes on the whole EU Regulation

Textual amendments

F1

Regulation revoked (1.1.2024 for the revocation of Art. 92b, 1.1.2026 for the revocation of Arts. 6(1a), 11(3a), 12a, 18(1) (in part), 25-35, 37-47, 47a(1)(2), 47c-79a, 81(1)(a)(i)-(iic)(b)(c)(2), 82(a)(i)-(iic)(b)(c), 83-91, 92a, 466, 468, 469a, 471, 473-474, 476, 479, 480, 482-491, 494-494b, otherwise prosp.) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 1 (with s. 1(4)); S.I. 2023/779, reg. 5(b)(i); S.I. 2025/873, reg. 4(b) (with regs. 6, 7) (as amended by S.I. 2025/1293, reg. 2)