OpenLegislation

Division 5 Changes to the standards relating to internal data, scenario analysis and business environment and internal control factors if they:

United Kingdom

Original text. Later amendments are not shown.

  1. (a)

    change the internal processes and criteria for collecting internal loss data according to Article 322(3) of Regulation (EU) No 575/2013, including any of the following:

    1. (i)

      increase of the threshold for the collection of internal loss data according to Article 322(3)(c) of Regulation (EU) No 575/2013;

    2. (ii)

      methods or criteria for the exclusion of activities or exposures from the scope of the internal data collection according to article 322(3)(c) of Regulation (EU) No 575/2013.

  2. (b)

    change the internal processes and criteria for one of the following:

    1. (i)

      performing scenario analysis according to Article 322(5) of Regulation (EU) No 575/2013;

    2. (ii)

      determining business environment and internal control factors according to Article 322(6) of Regulation (EU) No 575/2013.