Regulation (EU) No 575/2013 of the European Parliament and of the CouncilShow full title

1. Introductory Text

2. PART ONE GENERAL PROVISIONS

   1. TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS

      1. Article 1. Scope

      2. Article 2. Supervisory powers

      3. Article 3. Application of stricter requirements by institutions

      4. Article 4. Definitions

      5. Article 4A. Definitions: Regulators' rules

      6. Article 4B. The consolidating supervisor

      7. Article 5. Definitions specific to capital requirements for credit risk

   2. TITLE II LEVEL OF APPLICATION OF REQUIREMENTS

      1. CHAPTER 1 Application of requirements on an individual basis

         1. Article 6. General principles

         2. Article 7. Derogation from the application of prudential requirements on an individual basis

         3. Article 8. Derogation from the application of liquidity requirements on an individual basis

         4. Article 9. Individual consolidation method

         5. Article 10. Waiver for credit institutions permanently affiliated to a central body

         6. Article 10A. Application of prudential requirements on a consolidated basis where FCA investment firms are parent undertakings

      2. CHAPTER 2 Prudential consolidation

         1. Section 1 Application of requirements on a consolidated basis

            1. Article 11. General treatment

            2. Article 12. Financial holding company or mixed financial holding company with both a subsidiary credit institution and a subsidiary investment firm

            3. Article 12a. Consolidated calculation for G-SIIs with multiple resolution entities

            4. Article 13. Application of disclosure requirements on a consolidated basis

            5. Article 14. Application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis

            6. Article 15. Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms

            7. Article 16. Derogation from the application of the leverage ratio requirements on a consolidated basis for groups of investment firms

            8. Article 17. Supervision of investment firms waived from the application of own funds requirements on a consolidated basis

         2. Section 2 Methods for prudential consolidation

            1. Article 18. Methods of prudential consolidation

         3. Section 3 Scope of prudential consolidation

            1. Article 19. Entities excluded from the scope of prudential consolidation

            2. Article 20. Joint decisions on prudential requirements

            3. Article 21. Joint decisions on the level of application of liquidity requirements

            4. Article 22. Sub-consolidation in cases of entities in third countries

            5. Article 23. Undertakings in third countries

            6. Article 24. Valuation of assets and off-balance sheet items

3. PART TWO OWN FUNDS AND ELIGIBLE LIABILITIES

   1. TITLE I ELEMENTS OF OWN FUNDS

      1. CHAPTER 1 Tier 1 capital

         1. Article 25. Tier 1 capital

      2. CHAPTER 2 Common Equity Tier 1 capital

         1. Section 1 Common Equity Tier 1 items and instruments

            1. Article 26. Common Equity Tier 1 items

            2. Article 27. Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items

            3. Article 28. Common Equity Tier 1 instruments

            4. Article 29. Capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions

            5. Article 30. Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met

            6. Article 31. Capital instruments subscribed by public authorities in emergency situations

         2. Section 2 Prudential filters

            1. Article 32. Securitised assets

            2. Article 33. Cash flow hedges and changes in the value of own liabilities

            3. Article 34. Additional value adjustments

            4. Article 35. Unrealised gains and losses measured at fair value

         3. Section 3 Deductions from Common Equity Tier 1 items, exemptions and alternatives

            1. Sub-Section 1 Deductions from Common Equity Tier 1 items

               1. Article 36. Deductions from Common Equity Tier 1 items

               2. Article 37. Deduction of intangible assets

               3. Article 38. Deduction of deferred tax assets that rely on future profitability

               4. Article 39. Tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability

               5. Article 40. Deduction of negative amounts resulting from the calculation of expected loss amounts

               6. Article 41. Deduction of defined benefit pension fund assets

               7. Article 42. Deduction of holdings of own Common Equity Tier 1 instruments

               8. Article 43. Significant investment in a financial sector entity

               9. Article 44. Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds

               10. Article 45. Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities

               11. Article 46. Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity

               12. Article 47. Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity

               13. Article 47a. Non-performing exposures

               14. Article 47b. Forbearance measures

               15. Article 47c. Deduction for non-performing exposures

            2. Sub-Section 2 Exemptions from and alternatives to deduction from Common Equity Tier 1 items

               1. Article 48. Threshold exemptions from deduction from Common Equity Tier 1 items

               2. Article 49. Requirement for deduction where consolidation or supplementary supervision is applied

         4. Section 4 Common Equity Tier 1 capital

            1. Article 50. Common Equity Tier 1 capital

      3. CHAPTER 3 Additional Tier 1 capital

         1. Section 1 Additional Tier 1 items and instruments

            1. Article 51. Additional Tier 1 items

            2. Article 52. Additional Tier 1 instruments

            3. Article 53. Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution

            4. Article 54. Write down or conversion of Additional Tier 1 instruments

            5. Article 55. Consequences of the conditions for Additional Tier 1 instruments ceasing to be met

         2. Section 2 Deductions from Additional Tier 1 items

            1. Article 56. Deductions from Additional Tier 1 items

            2. Article 57. Deductions of holdings of own Additional Tier 1 instruments

            3. Article 58. Deduction of holdings of Additional Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds

            4. Article 59. Deduction of holdings of Additional Tier 1 instruments of financial sector entities

            5. Article 60. Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entity

         3. Section 3 Additional Tier 1 capital

            1. Article 61. Additional Tier 1 capital

      4. CHAPTER 4 Tier 2 capital

         1. Section 1 Tier 2 items and instruments

            1. Article 62. Tier 2 items

            2. Article 63. Tier 2 instruments

            3. Article 64. Amortisation of Tier 2 instruments

            4. Article 65. Consequences of the conditions for Tier 2 instruments ceasing to be met

         2. Section 2 Deductions from Tier 2 items

            1. Article 66. Deductions from Tier 2 items

            2. Article 67. Deductions of holdings of own Tier 2 instruments

            3. Article 68. Deduction of holdings of Tier 2 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds

            4. Article 69. Deduction of holdings of Tier 2 instruments of financial sector entities

            5. Article 70. Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity

         3. Section 3 Tier 2 capital

            1. Article 71. Tier 2 capital

      5. CHAPTER 5 Own funds

         1. Article 72. Own funds

      6. CHAPTER 5a Eligible liabilities

         1. Section 1 Eligible liabilities items and instruments

            1. Article 72a. Eligible liabilities items

            2. Article 72b. Eligible liabilities instruments

            3. Article 72c. Amortisation of eligible liabilities instruments

            4. Article 72d. Consequences of the eligibility conditions ceasing to be met

         2. Section 2 Deductions from eligible liabilities items

            1. Article 72e. Deductions from eligible liabilities items

            2. Article 72f. Deduction of holdings of own eligible liabilities instruments

            3. Article 72g. Deduction base for eligible liabilities items

            4. Article 72h. Deduction of holdings of eligible liabilities of other G-SII entities

            5. Article 72i. Deduction of eligible liabilities where the institution does not have a significant investment in G-SII entities

            6. Article 72j. Trading book exception from deductions from eligible liabilities items

         3. Section 3 Own funds and eligible liabilities

            1. Article 72k. Eligible liabilities

            2. Article 72l. Own funds and eligible liabilities

      7. CHAPTER 6 General requirements for own funds and eligible liabilities

         1. Article 73. Distributions on instruments

         2. Article 74. Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital

         3. Article 75. Deduction and maturity requirements for short positions

         4. Article 76. Index holdings of capital instruments

         5. Article 77. Conditions for reducing own funds and eligible liabilities

         6. Article 78. Supervisory permission to reduce own funds

         7. Article 78a. Permission to reduce eligible liabilities instruments

         8. Article 79. Temporary waiver from deduction from own funds and eligible liabilities

         9. Article 79a. Assessment of compliance with the conditions for own funds and eligible liabilities instruments

         10. Article 80. Continuing review of the quality of own funds and eligible liabilities instruments

   2. TITLE II MINORITY INTEREST AND ADDITIONAL TIER 1 AND TIER 2 INSTRUMENTS ISSUED BY SUBSIDIARIES

      1. Article 81. Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital

      2. Article 82. Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds

      3. Article 83. Qualifying Additional Tier 1 and Tier 2 capital issued by a special purpose entity

      4. Article 84. Minority interests included in consolidated Common Equity Tier 1 capital

      5. Article 85. Qualifying Tier 1 instruments included in consolidated Tier 1 capital

      6. Article 86. Qualifying Tier 1 capital included in consolidated Additional Tier 1 capital

      7. Article 87. Qualifying own funds included in consolidated own funds

      8. Article 88. Qualifying own funds instruments included in consolidated Tier 2 capital

   3. TITLE III QUALIFYING HOLDINGS OUTSIDE THE FINANCIAL SECTOR

      1. Article 89. Risk weighting and prohibition of qualifying holdings outside the financial sector

      2. Article 90. Alternative to 1 250  % risk weight

      3. Article 91. Exceptions

4. PART THREE CAPITAL REQUIREMENTS

   1. TITLE I GENERAL REQUIREMENTS, VALUATION AND REPORTING

      1. CHAPTER 1 Required level of own funds

         1. Section 1 Own funds requirements for institutions

            1. Article 92. Own funds requirements

            2. Article 92a. Requirements for own funds and eligible liabilities for G-SIIs

            3. Article 92b. Requirement for own funds and eligible liabilities for non-UK G-SIIs

            4. Article 93. Initial capital requirement on going concern

            5. Article 94. Derogation for small trading book business

         2. Section 2 Own funds requirements for investment firms with limited authorisation to provide investment services

            1. Article 95. Own funds requirements for investment firms with limited authorisation to provide investment services

            2. Article 96. Own funds requirements for IFPRU 730K firms

            3. Article 97. Own Funds based on Fixed Overheads

            4. Article 98. Own funds for investment firms on a consolidated basis

      2. CHAPTER 2 Calculation and reporting requirements

         1. Article 99. Reporting on own funds requirements and financial information

         2. Article 100. Additional reporting requirements

         3. Article 101. Specific reporting obligations

      3. CHAPTER 3 Trading book

         1. Article 102. Requirements for the trading book

         2. Article 103. Management of the trading book

         3. Article 104. Inclusion in the trading book

         4. Article 104b. Requirements for trading desk

         5. Article 105. Requirements for prudent valuation

         6. Article 106. Internal Hedges

   2. TITLE II CAPITAL REQUIREMENTS FOR CREDIT RISK

      1. CHAPTER 1 General principles

         1. Article 107. Approaches to credit risk

         2. Article 108. Use of credit risk mitigation technique under the Standardised Approach and the IRB Approach

         3. Article 109. Treatment of securitisation positions

         4. Article 110. Treatment of credit risk adjustment

      2. CHAPTER 2 Standardised approach

         1. Section 1 General principles

            1. Article 111. Exposure value

            2. Article 112. Exposure classes

            3. Article 113. Calculation of risk-weighted exposure amounts

         2. Section 2 Risk weights

            1. Article 114. Exposures to central governments or central banks

            2. Article 115. Exposures to regional governments or local authorities

            3. Article 116. Exposures to public sector entities

            4. Article 117. Exposures to multilateral development banks

            5. Article 118. Exposures to international organisations

            6. Article 119. Exposures to institutions

            7. Article 120. Exposures to rated institutions

            8. Article 121. Exposures to unrated institutions

            9. Article 122. Exposures to corporates

            10. Article 123. Retail exposures

            11. Article 124. Exposures secured by mortgages on immovable property

            12. Article 125. Exposures fully and completely secured by mortgages on residential property

            13. Article 126. Exposures fully and completely secured by mortgages on commercial immovable property

            14. Article 127. Exposures in default

            15. Article 128. Items associated with particular high risk

            16. Article 129. Exposures in the form of covered bonds

            17. Article 130. Items representing securitisation positions

            18. Article 131. Exposures to institutions and corporates with a short-term credit assessment

            19. Article 132. Exposures in the form of units or shares in CIUs

            20. Article 132a. Approaches for calculating risk-weighted exposure amounts of CIUs

            21. Article 133. Equity exposures

            22. Article 134. Other items

         3. Section 3 Recognition and mapping of credit risk assessment

            1. Sub-Section 1 Recognition of ECAIs

               1. Article 135. Use of credit assessments by ECAIs

            2. Sub-Section 2 Mapping of ECAI's credit assessments

               1. Article 136. Mapping of ECAI's credit assessments

            3. Sub-Section 3 Use of credit assessments by Export Credit Agencies

               1. Article 137. Use of credit assessments by export credit agencies

         4. Section 4 Use of the ECAI credit assessments for the determination of risk weights

            1. Article 138. General requirements

            2. Article 139. Issuer and issue credit assessment

            3. Article 140. Long-term and short-term credit assessments

            4. Article 141. Domestic and foreign currency items

      3. CHAPTER 3 Internal Ratings Based Approach

         1. Section 1 Permission by competent authorities to use the IRB approach

            1. Article 142. Definitions

            2. Article 143. Permission to use the IRB Approach

            3. Article 144. Competent authorities' assessment of an application to use an IRB Approach

            4. Article 145. Prior experience of using IRB approaches

            5. Article 146. Measures to be taken where the requirements of this Chapter cease to be met

            6. Article 147. Methodology to assign exposures to exposure classes

            7. Article 148. Conditions for implementing the IRB Approach across different classes of exposure and business units

            8. Article 149. Conditions to revert to the use of less sophisticated approaches

            9. Article 150. Conditions for permanent partial use

         2. Section 2 Calculation of risk-weighted exposure amounts

            1. Sub-Section 1 Treatment by type of exposure class

               1. Article 151. Treatment by exposure class

               2. Article 152. Treatment of exposures in the form of units or shares in CIUs

            2. Sub-Section 2 Calculation of risk-weighted exposure amounts for credit risk

               1. Article 153. Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks

               2. Article 154. Risk-weighted exposure amounts for retail exposures

               3. Article 155. Risk-weighted exposure amounts for equity exposures

               4. Article 156. Risk-weighted exposure amounts for other non credit-obligation assets

            3. Sub-Section 3 Calculation of risk-weighted exposure amounts for dilution risk of purchased receivables

               1. Article 157. Risk-weighted exposure amounts for dilution risk of purchased receivables

         3. Section 3 Expected loss amounts

            1. Article 158. Treatment by exposure type

            2. Article 159. Treatment of expected loss amounts

         4. Section 4 PD, LGD and maturity

            1. Sub-Section 1 Exposures to corporates, institutions and central governments and central banks

               1. Article 160. Probability of default (PD)

               2. Article 161. Loss Given Default (LGD)

               3. Article 162. Maturity

            2. Sub-Section 2 Retail exposures

               1. Article 163. Probability of default (PD)

               2. Article 164. Loss Given Default (LGD)

            3. Sub-Section 3 Equity exposures subject to PD/LGD method

               1. Article 165. Equity exposures subject to the PD/LGD method

         5. Section 5 Exposure value

            1. Article 166. Exposures to corporates, institutions, central governments and central banks and retail exposures

            2. Article 167. Equity exposures

            3. Article 168. Other non credit-obligation assets

         6. Section 6 Requirements for the IRB approach

            1. Sub-Section 1 Rating systems

               1. Article 169. General principles

               2. Article 170. Structure of rating systems

               3. Article 171. Assignment to grades or pools

               4. Article 172. Assignment of exposures

               5. Article 173. Integrity of assignment process

               6. Article 174. Use of models

               7. Article 175. Documentation of rating systems

               8. Article 176. Data maintenance

               9. Article 177. Stress tests used in assessment of capital adequacy

            2. Sub-Section 2 Risk quantification

               1. Article 178. Default of an obligor

               2. Article 179. Overall requirements for estimation

               3. Article 180. Requirements specific to PD estimation

               4. Article 181. Requirements specific to own-LGD estimates

               5. Article 182. Requirements specific to own-conversion factor estimates

               6. Article 183. Requirements for assessing the effect of guarantees and credit derivatives for exposures to corporates, institutions and central governments and central banks where own estimates of LGD are used and for retail exposures

               7. Article 184. Requirements for purchased receivables

            3. Sub-Section 3 Validation of internal estimates

               1. Article 185. Validation of internal estimates

            4. Sub-Section 4 Requirements for equity exposures under the internal models approach

               1. Article 186. Own funds requirement and risk quantification

               2. Article 187. Risk management process and controls

               3. Article 188. Validation and documentation

            5. Sub-Section 5 Internal governance and oversight

               1. Article 189. Corporate Governance

               2. Article 190. Credit risk control

               3. Article 191. Internal Audit

      4. CHAPTER 4 Credit risk mitigation

         1. Section 1 Definitions and general requirements

            1. Article 192. Definitions

            2. Article 193. Principles for recognising the effect of credit risk mitigation techniques

            3. Article 194. Principles governing the eligibility of credit risk mitigation techniques

         2. Section 2 Eligible forms of credit risk mitigation

            1. Sub-Section 1 Funded credit protection

               1. Article 195. On-balance sheet netting

               2. Article 196. Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions

               3. Article 197. Eligibility of collateral under all approaches and methods

               4. Article 198. Additional eligibility of collateral under the Financial Collateral Comprehensive Method

               5. Article 199. Additional eligibility for collateral under the IRB Approach

               6. Article 200. Other funded credit protection

            2. Sub-Section 2 Unfunded credit protection

               1. Article 201. Eligibility of protection providers under all approaches

               2. Article 202. Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)

               3. Article 203. Eligibility of guarantees as unfunded credit protection

            3. Sub-Section 3 Types of derivatives

               1. Article 204. Eligible types of credit derivatives

         3. Section 3 Requirements

            1. Sub-Section 1 Funded credit protection

               1. Article 205. Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206

               2. Article 206. Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactions

               3. Article 207. Requirements for financial collateral

               4. Article 208. Requirements for immovable property collateral

               5. Article 209. Requirements for receivables

               6. Article 210. Requirements for other physical collateral

               7. Article 211. Requirements for treating lease exposures as collateralised

               8. Article 212. Requirements for other funded credit protection

            2. Sub-Section 2 Unfunded credit protection and credit linked notes

               1. Article 213. Requirements common to guarantees and credit derivatives

               2. Article 214. Sovereign and other public sector counter-guarantees

               3. Article 215. Additional requirements for guarantees

               4. Article 216. Additional requirements for credit derivatives

               5. Article 217. Requirements to qualify for the treatment set out in Article 153(3)

         4. Section 4 Calculating the effects of credit risk mitigation

            1. Sub-Section 1 Funded credit protection

               1. Article 218. Credit linked notes

               2. Article 219. On-balance sheet netting

               3. Article 220. Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements

               4. Article 221. Using the internal models approach for master netting agreements

               5. Article 222. Financial Collateral Simple Method

               6. Article 223. Financial Collateral Comprehensive Method

               7. Article 224. Supervisory volatility adjustment under the Financial Collateral Comprehensive Method

               8. Article 225. Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method

               9. Article 226. Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method

               10. Article 227. Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method

               11. Article 228. Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive method

               12. Article 229. Valuation principles for other eligible collateral under the IRB Approach

               13. Article 230. Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach

               14. Article 231. Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateral

               15. Article 232. Other funded credit protection

            2. Sub-Section 2 Unfunded credit protection

               1. Article 233. Valuation

               2. Article 234. Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching

               3. Article 235. Calculating risk-weighted exposure amounts under the Standardised Approach

               4. Article 236. Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach

         5. Section 5 Maturity mismatches

            1. Article 237. Maturity mismatch

            2. Article 238. Maturity of credit protection

            3. Article 239. Valuation of protection

         6. Section 6 Basket CRM techniques

            1. Article 240. First-to-default credit derivatives

            2. Article 241. Nth-to-default credit derivatives

      5. CHAPTER 5 Securitisation

         1. Section 1 Definitions and criteria for simple, transparent and standardised securitisations

            1. Article 242. Definitions

            2. Article 243. Criteria for STS securitisations qualifying for differentiated capital treatment

         2. Section 2 Recognition of significant risk transfer

            1. Article 244. Traditional securitisation

            2. Article 245. Synthetic securitisation

            3. Article 246. Operational requirements for early amortisation provisions

         3. Section 3 Calculation of risk-weighted exposure amounts

            1. Subsection 1 General Provisions

               1. Article 247. Calculation of risk-weighted exposure amounts

               2. Article 248. Exposure value

               3. Article 249. Recognition of credit risk mitigation for securitisation positions

               4. Article 250. Implicit support

               5. Article 251. Originator institutions’ calculation of risk-weighted exposure amounts securitised in a synthetic securitisation

               6. Article 252. Treatment of maturity mismatches in synthetic securitisations

               7. Article 253. Reduction in risk-weighted exposure amounts

            2. Subsection 2 Hierarchy of methods and common parameters

               1. Article 254. Hierarchy of methods

               2. Article 255. Determination of K IRB and K SA

               3. Article 256. Determination of attachment point (A) and detachment point (D)

               4. Article 257. Determination of tranche maturity (M T )

            3. Subsection 3 Methods to calculate risk-weighted exposure amounts

               1. Article 258. Conditions for the use of the Internal Ratings Based Approach (SEC-IRBA)

               2. Article 259. Calculation of risk-weighted exposure amounts under the SEC-IRBA

               3. Article 260. Treatment of STS securitisations under the SEC-IRBA

               4. Article 261. Calculation of risk-weighted exposure amounts under the Standardised Approach (SEC-SA)

               5. Article 262. Treatment of STS securitisations under the SEC-SA

               6. Article 263. Calculation of risk-weighted exposure amounts under the External Ratings Based Approach (SEC-ERBA)

               7. Article 264. Treatment of STS securitisations under the SEC-ERBA

               8. Article 265. Scope and operational requirements for the Internal Assessment Approach

               9. Article 266. Calculation of risk-weighted exposure amounts under the Internal Assessment Approach

            4. Subsection 4 Caps for securitisation positions

               1. Article 267. Maximum risk weight for senior securitisation positions: look-through approach

               2. Article 268. Maximum capital requirements

            5. Subsection 5 Miscellaneous provisions

               1. Article 269. Re-securitisations

               2. Article 269a. NPE securitisations

               3. Article 270. Senior positions in SME securitisations

               4. Article 270a. Additional risk weight

         4. Section 4 External credit assessments

            1. Article 270b. Use of credit assessments by ECAIs

            2. Article 270c. Requirements to be met by the credit assessments of ECAIs

            3. Article 270d. Use of credit assessments

            4. Article 270e. Securitisation mapping

      6. CHAPTER 6 Counterparty credit risk

         1. Section 1 Definitions

            1. Article 271. Determination of the exposure value

            2. Article 272. Definitions

         2. Section 2 Methods for calculating the exposure value

            1. Article 273. Methods for calculating the exposure value

         3. Section 3 Mark-to-Market Method

            1. Article 274. Mark-to-Market Method

         4. Section 4 Original Exposure Method

            1. Article 275. Original Exposure Method

         5. Section 5 Standardised Method

            1. Article 276. Standardised Method

            2. Article 277. Transactions with a linear risk profile

            3. Article 278. Transactions with a non-linear risk profile

            4. Article 279. Treatment of collateral

            5. Article 279a. Supervisory delta

            6. Article 280. Calculation of risk positions

            7. Article 281. Interest rate risk positions

            8. Article 282. Hedging sets

         6. Section 6 Internal Model Method

            1. Article 283. Permission to use the Internal Model Method

            2. Article 284. Exposure value

            3. Article 285. Exposure value for netting sets subject to a margin agreement

            4. Article 286. Management of CCR — Policies, processes and systems

            5. Article 287. Organisation structures for CCR management

            6. Article 288. Review of CCR management system

            7. Article 289. Use test

            8. Article 290. Stress testing

            9. Article 291. Wrong-Way Risk

            10. Article 292. Integrity of the modelling process

            11. Article 293. Requirements for the risk management system

            12. Article 294. Validation requirements

         7. Section 7 Contractual netting

            1. Article 295. Recognition of contractual netting as risk-reducing

            2. Article 296. Recognition of contractual netting agreements

            3. Article 297. Obligations of institutions

            4. Article 298. Effects of recognition of netting as risk-reducing

         8. Section 8 Items in the trading book

            1. Article 299. Items in the trading book

         9. Section 9 Own funds requirements for exposures to a central counterparty

            1. Article 300. Definitions

            2. Article 301. Material scope

            3. Article 302. Monitoring of exposures to CCPs

            4. Article 303. Treatment of clearing members' exposures to CCPs

            5. Article 304. Treatment of clearing members' exposures to clients

            6. Article 305. Treatment of clients' exposures

            7. Article 306. Own funds requirements for trade exposures

            8. Article 307. Own funds requirements for pre-funded contributions to the default fund of a CCP

            9. Article 308. Own funds requirements for pre-funded contributions to the default fund of a QCCP

            10. Article 309. Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP

            11. Article 310. Alternative calculation of own funds requirement for exposures to a QCCP

            12. Article 311. Own funds requirements for exposures to CCPs that cease to meet certain conditions

   3. TITLE III OWN FUNDS REQUIREMENTS FOR OPERATIONAL RISK

      1. CHAPTER 1 General principles governing the use of the different approaches

         1. Article 312. Permission and notification

         2. Article 313. Reverting to the use of less sophisticated approaches

         3. Article 314. Combined use of different approaches

      2. CHAPTER 2 Basic Indicator Approach

         1. Article 315. Own funds requirement

         2. Article 316. Relevant indicator

      3. CHAPTER 3 Standardised Approach

         1. Article 317. Own funds requirement

         2. Article 318. Principles for business line mapping

         3. Article 319. Alternative Standardised Approach

         4. Article 320. Criteria for the Standardised Approach

      4. CHAPTER 4 Advanced measurement approaches

         1. Article 321. Qualitative standards

         2. Article 322. Quantitative Standards

         3. Article 323. Impact of insurance and other risk transfer mechanisms

         4. Article 324. Loss event type classification

   4. TITLE IV OWN FUNDS REQUIREMENTS FOR MARKET RISK

      1. CHAPTER 1 General provisions

         1. Article 325. Approaches for calculating the own funds requirements for market risk

         2. Article 325a. Exemptions from specific reporting requirements for market risk

         3. Article 325b. Permission for consolidated requirements

      2. CHAPTER 1a Alternative standardised approach

         1. Section 1 General provisions

            1. Article 325c. Scope and structure of the alternative standardised approach

         2. Section 2 Sensitivities-based method for calculating the own funds requirement

            1. Article 325d. Definitions

            2. Article 325e. Components of the sensitivities-based method

            3. Article 325f. Own funds requirements for delta and vega risks

            4. Article 325g. Own funds requirements for curvature risk

            5. Article 325h. Aggregation of risk-class specific own funds requirements for delta, vega and curvature risks

            6. Article 325i. Treatment of index instruments and multi-underlying options

            7. Article 325j. Treatment of collective investment undertakings

            8. Article 325k. Underwriting positions

         3. Section 3 Risk factor and sensitivity definitions

            1. Subsection 1 Risk factor definitions

               1. Article 325l. General interest rate risk factors

               2. Article 325m. Credit spread risk factors for non-securitisation

               3. Article 325n. Credit spread risk factors for securitisation

               4. Article 325o. Equity risk factors

               5. Article 325p. Commodity risk factors

               6. Article 325q. Foreign exchange risk factors

            2. Subsection 2 Sensitivity definitions

               1. Article 325r. Delta risk sensitivities

               2. Article 325s. Vega risk sensitivities

               3. Article 325t. Requirements on sensitivity computations

         4. Section 4 The residual risk add-on

            1. Article 325u. Own funds requirements for residual risks

         5. Section 5 Own funds requirements for the default risk

            1. Article 325v. Definitions and general provisions

            2. Subsection 1 Own funds requirements for the default risk for non-securitisations

               1. Article 325w. Gross jump-to-default amounts

               2. Article 325x. Net jump-to-default amounts

               3. Article 325y. Calculation of the own funds requirements for the default risk

            3. Subsection 2 Own funds requirements for the default risk for securitisations not included in the ACTP

               1. Article 325z. Jump-to-default amounts

               2. Article 325aa. Calculation of the own funds requirement for the default risk for securitisations

            4. Subsection 3 Own funds requirements for the default risk for securitisations included in the ACTP

               1. Article 325ab. Scope

               2. Article 325ac. Jump-to-default amounts for the ACTP

               3. Article 325ad. Calculation of the own funds requirements for the default risk for the ACTP

         6. Section 6 Risk weights and correlations

            1. Subsection 1 Delta risk weights and correlations

               1. Article 325ae. Risk weights for general interest rate risk

               2. Article 325af. Intra bucket correlations for general interest rate risk

               3. Article 325ag. Correlations across buckets for general interest rate risk

               4. Article 325ah. Risk weights for credit spread risk for non-securitisations

               5. Article 325ai. Intra-bucket correlations for credit spread risk for non-securitisations

               6. Article 325aj. Correlations across buckets for credit spread risk for non-securitisations

               7. Article 325ak. Risk weights for credit spread risk for securitisations included in the ACTP

               8. Article 325al. Correlations for credit spread risk for securitisations included in the ACTP

               9. Article 325am. Risk weights for credit spread risk for securitisations not included in the ACTP

               10. Article 325an. Intra-bucket correlations for credit spread risk for securitisations not included in the ACTP

               11. Article 325ao. Correlations across buckets for credit spread risk for securitisations not included in the ACTP

               12. Article 325ap. Risk weights for equity risk

               13. Article 325aq. Intra-bucket correlations for equity risk

               14. Article 325ar. Correlations across buckets for equity risk

               15. Article 325as. Risk weights for commodity risk

               16. Article 325at. Intra-bucket correlations for commodity risk

               17. Article 325au. Correlations across buckets for commodity risk

               18. Article 325av. Risk weights for foreign exchange risk

               19. Article 325aw. Correlations for foreign exchange risk

            2. Subsection 2 Vega and curvature risk weights and correlations

               1. Article 325ax. Vega and curvature risk weights

               2. Article 325ay. Vega and curvature risk correlations

      3. CHAPTER 1b Alternative internal model approach

         1. Section 1 Permission and own funds requirements

            1. Article 325az. Alternative internal model approach and permission to use alternative internal models

            2. Article 325ba. Own funds requirements when using alternative internal models

         2. Section 2 General requirements

            1. Article 325bb. Expected shortfall risk measure

            2. Article 325bc. Partial expected shortfall calculations

            3. Article 325bd. Liquidity horizons

            4. Article 325be. Assessment of the modellability of risk factors

            5. Article 325bf. Regulatory back-testing requirements and multiplication factors

            6. Article 325bg. Profit and loss attribution requirement

            7. Article 325bh. Requirements on risk measurement

            8. Article 325bi. Qualitative requirements

            9. Article 325bj. Internal validation

            10. Article 325bk. Calculation of stress scenario risk measure

         3. Section 3 Internal default risk model

            1. Article 325bl. Scope of the internal default risk model

            2. Article 325bm. Permission to use an internal default risk model

            3. Article 325bn. Own funds requirements for default risk using an internal default risk model

            4. Article 325bo. Recognition of hedges in an internal default risk model

            5. Article 325bp. Particular requirements for an internal default risk model

      4. CHAPTER 2 Own funds requirements for position risk

         1. Section 1 General provisions and specific instruments

            1. Article 326. Own funds requirements for position risk

            2. Article 327. Netting

            3. Article 328. Interest rate futures and forwards

            4. Article 329. Options and warrants

            5. Article 330. Swaps

            6. Article 331. Interest rate risk on derivative instruments

            7. Article 332. Credit Derivatives

            8. Article 333. Securities sold under a repurchase agreement or lent

         2. Section 2 Debt instruments

            1. Article 334. Net positions in debt instruments

            2. Sub-Section 1 Specific risk

               1. Article 335. Cap on the own funds requirement for a net position

               2. Article 336. Own funds requirement for non-securitisation debt instruments

               3. Article 337. Own funds requirement for securitisation instruments

               4. Article 338. Own funds requirement for the correlation trading portfolio

            3. Sub-Section 2 General risk

               1. Article 339. Maturity-based calculation of general risk

               2. Article 340. Duration-based calculation of general risk

         3. Section 3 Equities

            1. Article 341. Net positions in equity instruments

            2. Article 342. Specific risk of equity instruments

            3. Article 343. General risk of equity instruments

            4. Article 344. Stock indices

         4. Section 4 Underwriting

            1. Article 345. Reduction of net positions

         5. Section 5 Specific risk own funds requirements for positions hedged by credit derivatives

            1. Article 346. Allowance for hedges by credit derivatives

            2. Article 347. Allowance for hedges by first and nth-to default credit derivatives

         6. Section 6 Own funds requirements for CIUs

            1. Article 348. Own funds requirements for CIUs

            2. Article 349. General criteria for CIUs

            3. Article 350. Specific methods for CIUs

      5. CHAPTER 3 Own funds requirements for foreign-exchange risk

         1. Article 351. De minimis and weighting for foreign exchange risk

         2. Article 352. Calculation of the overall net foreign exchange position

         3. Article 353. Foreign exchange risk of CIUs

         4. Article 354. Closely correlated currencies

      6. CHAPTER 4 Own funds requirements for commodities risk

         1. Article 355. Choice of method for commodities risk

         2. Article 356. Ancillary commodities business

         3. Article 357. Positions in commodities

         4. Article 358. Particular instruments

         5. Article 359. Maturity ladder approach

         6. Article 360. Simplified approach

         7. Article 361. Extended maturity ladder approach

      7. CHAPTER 5 Use of internal models to calculate own funds requirements

         1. Section 1 Permission and own funds requirements

            1. Article 362. Specific and general risks

            2. Article 363. Permission to use internal models

            3. Article 364. Own funds requirements when using internal models

         2. Section 2 General requirements

            1. Article 365. VaR and stressed VaR Calculation

            2. Article 366. Regulatory back testing and multiplication factors

            3. Article 367. Requirements on risk measurement

            4. Article 368. Qualitative requirements

            5. Article 369. Internal Validation

         3. Section 3 Requirements particular to specific risk modelling

            1. Article 370. Requirements for modelling specific risk

            2. Article 371. Exclusions from specific risk models

         4. Section 4 Internal model for incremental default and migration risk

            1. Article 372. Requirement to have an internal IRC model

            2. Article 373. Scope of the internal IRC model

            3. Article 374. Parameters of the internal IRC model

            4. Article 375. Recognition of hedges in the internal IRC model

            5. Article 376. Particular requirements for the internal IRC model

         5. Section 5 Internal model for correlation trading

            1. Article 377. Requirements for an internal model for correlation trading

   5. TITLE V OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK

      1. Article 378. Settlement/delivery risk

      2. Article 379. Free deliveries

      3. Article 380. Waiver

   6. TITLE VI OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK

      1. Article 381. Meaning of credit valuation adjustment

      2. Article 382. Scope

      3. Article 383. Advanced method

      4. Article 384. Standardised method

      5. Article 385. Alternative to using CVA methods to calculating own funds requirements

      6. Article 386. Eligible hedges

5. PART FOUR LARGE EXPOSURES

   1. Article 387. Subject matter

   2. Article 388. Negative Scope

   3. Article 389. Definition

   4. Article 390. Calculation of the exposure value

   5. Article 391. Definition of an institution for large exposures purposes

   6. Article 392. Definition of a large exposure

   7. Article 393. Capacity to identify and manage large exposures

   8. Article 394. Reporting requirements

   9. Article 395. Limits to large exposures

   10. Article 396. Compliance with large exposures requirements

   11. Article 397. Calculating additional own funds requirements for large exposures in the trading book

   12. Article 398. Procedures to prevent institutions from avoiding the additional own funds requirement

   13. Article 399. Eligible credit mitigation techniques

   14. Article 400. Exemptions

   15. Article 401. Calculating the effect of the use of credit risk mitigation techniques

   16. Article 402. Exposures arising from mortgage lending

   17. Article 403. Substitution approach

6. PART FIVE EXPOSURES TO TRANSFERRED CREDIT RISK

   1. TITLE I GENERAL PROVISIONS FOR THIS PART

      1. Article 404. Scope of application

   2. TITLE II REQUIREMENTS FOR INVESTOR INSTITUTIONS

      1. Article 405. Retained interest of the issuer

      2. Article 406. Due diligence

      3. Article 407. Additional risk weight

   3. TITLE III REQUIREMENTS FOR SPONSOR AND ORIGINATOR INSTITUTIONS

      1. Article 408. Criteria for credit granting

      2. Article 409. Disclosure to investors

      3. Article 410. Uniform condition of application

7. PART SIX LIQUIDITY

   1. TITLE I DEFINITIONS AND LIQUIDITY COVERAGE REQUIREMENT

      1. Article 411. Definitions

      2. Article 412. Liquidity coverage requirement

      3. Article 413. Stable Funding

      4. Article 414. Compliance with liquidity requirements

   2. TITLE II LIQUIDITY REPORTING

      1. Article 415. Reporting obligation and reporting format

      2. Article 416. Reporting on liquid assets

      3. Article 417. Operational requirements for holdings of liquid assets

      4. Article 418. Valuation of liquid assets

      5. Article 419. Currencies with constraints on the availability of liquid assets

      6. Article 420. Liquidity outflows

      7. Article 421. Outflows on retail deposits

      8. Article 422. Outflows on other liabilities

      9. Article 423. Additional outflows

      10. Article 424. Outflows from credit and liquidity facilities

      11. Article 425. Inflows

      12. Article 426. Updating Future liquidity requirements

   3. TITLE III REPORTING ON STABLE FUNDING

      1. Article 427. Items providing stable funding

      2. Article 428. Items requiring stable funding

8. PART SEVEN LEVERAGE

   1. Article 429. Calculation of the leverage ratio

   2. Article 429a. Exposure value of derivatives

   3. Article 429b. Counterparty credit risk add-on for repurchase transactions, securities or commodities lending or borrowing transactions, long settlement transactions and margin lending transactions

9. PART SEVEN A REPORTING REQUIREMENTS

   1. Article 430. Reporting on prudential requirements and financial information

   2. Article 430b. Specific reporting requirements for market risk

   3. Article 430c. Feasibility report on the integrated reporting system

10. PART EIGHT DISCLOSURE BY INSTITUTIONS

    1. TITLE I GENERAL PRINCIPLES

       1. Article 431. Scope of disclosure requirements

       2. Article 432. Non-material, proprietary or confidential information

       3. Article 433. Frequency of disclosure

       4. Article 434. Means of disclosures

       5. Article 434a. Uniform disclosure formats

    2. TITLE II TECHNICAL CRITERIA ON TRANSPARENCY AND DISCLOSURE

       1. Article 435. Risk management objectives and policies

       2. Article 436. Scope of application

       3. Article 437. Own funds

       4. Article 438. Capital requirements

       5. Article 439. Exposure to counterparty credit risk

       6. Article 440. Capital buffers

       7. Article 441. Indicators of global systemic importance

       8. Article 442. Credit risk adjustments

       9. Article 443. Unencumbered assets

       10. Article 444. Use of ECAIs

       11. Article 445. Exposure to market risk

       12. Article 446. Operational risk

       13. Article 447. Exposures in equities not included in the trading book

       14. Article 448. Exposure to interest rate risk on positions not included in the trading book

       15. Article 449. Exposure to securitisation positions

       16. Article 450. Remuneration policy

       17. Article 451. Leverage

    3. TITLE III QUALIFYING REQUIREMENTS FOR THE USE OF PARTICULAR INSTRUMENTS OR METHODOLOGIES

       1. Article 452. Use of the IRB Approach to credit risk

       2. Article 453. Use of credit risk mitigation techniques

       3. Article 454. Use of the Advanced Measurement Approaches to operational risk

       4. Article 455. Use of Internal Market Risk Models

11. PART NINE Regulations, enhanced prudential measures and technical standards

    1. Article 456. Regulations modifying this Regulation

    2. Article 457. Technical adjustments and corrections

    3. Article 458. Enhanced prudential measures directions & recommendations: Interpretation

    4. Article 458A. Enhanced prudential measures

    5. Article 458B. Enhanced prudential measures: effect of revocation

    6. Article 458C. Enhanced prudential measures: publication and application

    7. Article 459. Prudential requirements

    8. Article 460. Liquidity

    9. Article 461. Review of the phasing-in of the liquidity coverage requirement

    10. Article 461a. Alternative standardised approach for market risk

    11. Article 462. Exercise of the delegation

    12. Article 463. Objections to regulatory technical standards

    13. Article 464. European Banking Committee

    14. Article 464A. Regulations: general provisions

    15. Article 464B. Power to make technical standards

12. PART TEN TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS

    1. TITLE I TRANSITIONAL PROVISIONS

       1. CHAPTER 1 Own funds requirements, unrealised gains and losses measured at fair value and deductions

          1. Section 1 Own funds requirements

             1. Article 465. Own funds requirements

             2. Article 466. First time application of International Financial Reporting Standards

          2. Section 2 Unrealised gains and losses measured at fair value

             1. Article 467. Unrealised losses measured at fair value

             2. Article 468. Temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income in view of the COVID-19 pandemic

          3. Section 3 Deductions

             1. Sub-Section 1 Deductions from Common Equity Tier 1 items

                1. Article 469. Deductions from Common Equity Tier 1 items

                2. Article 469a. Derogation from deductions from Common Equity Tier 1 items for non-performing exposures

                3. Article 470. Exemption from deduction from Common Equity Tier 1 items

                4. Article 471. Exemption from Deduction of Equity Holdings in Insurance Companies from Common Equity Tier 1 Items

                5. Article 472. Items not deducted from Common Equity Tier 1

                6. Article 473. Introduction of amendments to IAS 19

                7. Article 473a. Introduction of IFRS 9

             2. Sub-Section 2 Deductions from Additional Tier 1 items

                1. Article 474. Deductions from Additional Tier 1 items

                2. Article 475. Items not deducted from Additional Tier 1 items

             3. Sub-Section 3 Deductions from Tier 2 items

                1. Article 476. Deductions from Tier 2 items

                2. Article 477. Deductions from Tier 2 items

             4. Sub-Section 4 Applicable percentages for deduction

                1. Article 478. Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items

          4. Section 4 minority interest and additional Tier 1 and Tier 2 instruments issued by subsidiaries

             1. Article 479. Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests

             2. Article 480. Recognition in consolidated own funds of minority interests and qualifying Additional Tier 1 and Tier 2 capital

          5. Section 5 Additional filters and deductions

             1. Article 481. Additional filters and deductions

             2. Article 482. Scope of application for derivatives transactions with pension funds

       2. CHAPTER 2 Grandfathering of capital instruments

          1. Section 1 Instruments constituting State aid

             1. Article 483. Grandfathering of State aid instruments

          2. Section 2 Instruments not constituting State aid

             1. Sub-Section 1 Grandfathering eligibility and limits

                1. Article 484. Eligibility for grandfathering of items that qualified as own funds under national transposition measures for Directive 2006/48/EC

                2. Article 485. Eligibility for inclusion in the Common Equity Tier 1 of share premium accounts related to items that qualified as own funds under national transposition measures for Directive 2006/48/EC

                3. Article 486. Limits for grandfathering of items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items

                4. Article 487. Items excluded from grandfathering in Common Equity Tier 1 or Additional Tier 1 items in other elements of own funds

                5. Article 488. Amortisation of items grandfathered as Tier 2 items

             2. Sub-Section 2 Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items

                1. Article 489. Hybrid instruments with a call and incentive to redeem

                2. Article 490. Tier 2 items with an incentive to redeem

                3. Article 491. Effective maturity

       3. CHAPTER 3 Transitional provisions for disclosure of own funds

          1. Article 492. Disclosure of own funds

       4. CHAPTER 4 Large exposures, own funds requirements, leverage and the Basel I Floor

          1. Article 493. Transitional provisions for large exposures

          2. Article 494. Transitional provisions concerning the requirement for own funds and eligible liabilities

          3. Article 494a. Grandfathering of issuances through special purpose entities

          4. Article 494b. Grandfathering of own funds instruments and eligible liabilities instruments

          5. Article 495. Treatment of equity exposures under the IRB Approach

          6. Article 496. Own funds requirements for covered bonds

          7. Article 497. Own funds requirements for exposures to CCPs

          8. Article 498. Exemption for Commodities dealers

          9. Article 499. Leverage

          10. Article 500. Adjustment for massive disposals

          11. Article 500a. Temporary treatment of public debt issued in the currency of another Member State

          12. Article 500b. Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic

          13. Article 500c. Exclusion of overshootings from the calculation of the back-testing addend in view of the COVID-19 pandemic

          14. Article 500d. ... Calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic

          15. Article 501. Adjustment of risk-weighted non-defaulted SME exposures

          16. Article 501a. Adjustment to own funds requirements for credit risk for exposures to entities that operate or finance physical structures or facilities, systems and networks that provide or support essential public services

          17. Article 501b. Derogation from reporting requirements

    2. TITLE II REPORTS AND REVIEWS

       1. Article 501c. Prudential treatment of exposures related to environmental and/or social objectives

       2. Article 502. Cyclicality of capital requirements

       3. Article 503. Own funds requirements for exposures in the form of covered bonds

       4. Article 504. Capital instruments subscribed by public authorities in emergency situations

       5. Article 504a. Holdings of eligible liabilities instruments

       6. Article 505. Review of long-term financing

       7. Article 506. Credit risk — definition of default

       8. Article 507. Large exposures

       9. Article 508. Level of application

       10. Article 509. Liquidity requirements

       11. Article 510. Net Stable Funding Requirements

       12. Article 511. Leverage

       13. Article 512. Exposures to transferred credit risk

       14. Article 513. Macroprudential rules

       15. Article 514. Method for the calculation of the exposure value of derivative transactions

       16. Article 515. Monitoring and evaluation

       17. Article 516. Long-term financing

       18. Article 517. Definition of eligible capital

       19. Article 518. Review of capital instruments which may be written down or converted at the point of non-viability

       20. Article 518a. Review of cross-default provisions

       21. Article 518b. Report on overshootings and supervisory powers to limit distributions

       22. Article 519. Deduction of defined benefit pension fund assets from Common Equity Tier 1 items

       23. Article 519a. Reporting and review

       24. Article 519b. Own funds requirements for market risk

    3. TITLE IIA IMPLEMENTATION OF RULES

       1. Article 519c. Compliance tool

    4. TITLE III AMENDMENTS

       1. Article 520. Amendment of Regulation (EU) No 648/2012

13. PART ELEVEN FINAL PROVISIONS

    1. Article 521. Entry into force and date of application

    2. Article 522. Savings provisions: pre-exit decisions

14. Signature

15. 1. ANNEX I

       Classification of off-balance sheet items

       1. 1. Full risk:

       2. 2. Medium risk:

       3. 3. Medium/low risk:

       4. 4. Low risk:

    2. ANNEX II

       Types of derivatives

       1. 1. Interest-rate contracts:

       2. 2. Foreign-exchange contracts and contracts concerning gold:

       3. 3. Contracts of a nature similar to those in points 1(a)...

    3. ANNEX III

       Items subject to supplementary reporting of liquid assets

       1. 1. Cash.

       2. 2. Central bank exposures, to the extent that these exposures can...

       3. 3. Transferable securities representing claims on or claims guaranteed by sovereigns,...

       4. 4. Transferable securities other than those referred to in point 3...

       5. 5. Transferable securities representing claims on or claims guaranteed by sovereigns,...

       6. 6. Transferable securities other than those referred to in points 3,...

       7. 7. Transferable securities other than those referred to in points 3...

       8. 8. Transferable securities other than those referred to in points 3...

       9. 9. Standby credit facilities granted by central banks within the scope...

       10. 10. Legal or statutory minimum deposits with the central credit institution...

       11. 11. Exchange traded, centrally cleared common equity shares, that are a...

       12. 12. Gold listed on a recognised exchange, held on an allocated...

    4. ANNEX IV

       Correlation table

       1. This Regulation Directive 2006/48/EC Directive 2006/49/EC Article 1 Article 2...