# Commission Delegated Regulation (EU) 2018/959 of 14 March 2018 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards of the specification of the assessment methodology under which competent authorities permit institutions to use Advanced Measurement Approaches for operational risk (Text with EEA relevance), Article 1: Assessment of Advanced Measurement Approaches

Extent: E+W+S+N.I.

1. The assessment under which the competent authorities permit an institution to use Advanced Measurement Approaches (AMA) shall confirm that:
(a) the elements in Articles 3 to 6 are fulfilled;
(b) Chapters 2 and 3 are fulfilled;
(c) Chapter 4 is fulfilled where the institution has adopted the insurance and other risk transfer mechanisms referred to therein.
2. Chapters 1 to 4 shall be taken into account where competent authorities conduct the following:
(a) an assessment of the materiality of extensions and changes to the AMA used by an institution;
(b) an assessment of the sequential implementation plan to the AMA used by an institution;
(c) an assessment of an institution's return to the use of less sophisticated approaches in accordance with Article 313 of Regulation (EU) No 575/2013;
(d) the ongoing reviews of an AMA used by an institution.

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Source: https://www.legislation.gov.uk/eur/2018/959/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-959/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.