{
  "url": "https://openlegislation.uk/eu-regulation-2016-1799/article-12",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-1799/article-12.json",
  "legislation": "eur/2016/1799",
  "legislation_title": "Commission Implementing Regulation (EU) 2016/1799 of 7 October 2016 laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for credit risk in accordance with Articles 136(1) and 136(3) of Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-1799",
  "path": "article/12",
  "kind": "article",
  "number": "12",
  "heading": "Estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category",
  "text": "The estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category shall be taken into account for the purpose of the mapping as long as it has been adequately justified.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/1799/article/12",
    "retrieved_at": "2026-11-01T14:45:28.562482+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}