OpenLegislation

Section 1 Changes requiring competent authorities' approval (‘material’)

United Kingdom

Original text. Later amendments are not shown.

This calculation shall be made when the institution applies for the change and shall be based on the capital requirement as calculated at the end of the preceding financial year.

  1. 1Division 1
  2. 2Changes to the measurement system for operational risk if they fulfil any of the following criteria:
  3. 3Changes to the procedures relating to internal and external data, scenario analysis and business environment and internal control factors where they:
  4. 4Division 4
  5. 5Reducing the part of the operational risk captured by the AMA within the institution or group of institutions using the AMA according to Article 314(2) and (3) of Regulation (EU) No 575/2013, where one of the following conditions is met: