{
  "url": "https://openlegislation.uk/eu-regulation-2016-2070/annex-VI/division-1/division-5",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-2070/annex-VI/division-1/division-5.json",
  "legislation": "eur/2016/2070",
  "legislation_title": "Commission Implementing Regulation (EU) 2016/2070 of 14 September 2016 laying down implementing technical standards for templates, definitions and IT-solutions to be used by institutions when reporting to the European Banking Authority and to competent authorities in accordance with Article 78(2) of Directive 2013/36/EU of the European Parliament and of the Council (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-2070",
  "path": "annex/VI/division/1/division/5",
  "kind": "division",
  "number": null,
  "heading": "C 109.01 – IRC. Details of the Model",
  "text": "Row\nLabel\nLegal reference\nInstructions\n010\nNumber of modelling factors\nEBA/GL/2012/3\nThe number of modelling factors at the overall IRC model level shall be reported. The answer shall be one of the following:\n(a) 1;\n(b) 2;\n(c) More than 2.\nColumn 020 shall be used in case the institution wants to provide clarification on the answer given in column 010.\n020\nSource of LGDs\nEBA/GL/2012/3\nThe source of LGDs at the overall IRC Model level shall be reported. The answer shall be one of the following:\n(a) Market Convention;\n(b) LGD used in IRB;\n(c) Other (please specify).\nColumn 020 shall be used in case the institution wants to provide clarification on the answer given in column 010. In case option (c) was selected in column 010, the institution is expected to provide details in this column.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Commission Implementing Regulation (EU) 2019/439 of 15 February 2019 amending Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions to be applied in the Union for the reporting referred to in Article 78(2) of Directive 2013/36/EU of the European Parliament and of the Council (Text with EEA relevance)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/2070/annex/VI/division/1/division/5",
    "retrieved_at": "2026-11-01T14:45:20.126201+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."
}