Article 2 Categories of extensions and changes
United Kingdom
The materiality of changes to the range of application of a rating system or an internal models approach to equity exposures, or of changes to the rating systems or internal models approach to equity exposures, for the Internal Rating Based approach ( ‘ changes in the IRB approach ’ ) or the materiality of the extensions and changes for the Advanced Measurement Approach ( ‘ extensions and changes in the AMA ’ ) or the materiality of the extensions and changes for the Internal Models Approach ( ‘ extensions and changes in the IMA ’ ) shall be classified into one of the following categories:
material extensions and changes, which, according to Articles 143(3), and 312(2) and 363(3) of Regulation (EU) No 575/2013, require permission from the relevant competent authorities;
other extensions and changes, which require notification to the competent authorities.
The extensions and changes referred to in point (b) of paragraph 1 shall further be classified into:
extensions and changes that require notification before their implementation;
extensions and changes that require notification after their implementation.