Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast) (repealed) (c. 49)

ANNEX I U.K. CALCULATING CAPITAL REQUIREMENTS FOR POSITION RISK

EQUITIES U.K.

33. The institution shall sum all its net long positions and all its net short positions in accordance with point 1. The sum of the two figures shall be its overall gross position. The difference between them shall be its overall net position. U.K.