PART 4Amendment of retained direct EU legislation

CHAPTER 1Amendment of the Capital Requirements Regulation

Article 452 (use of the IRB Approach to credit risk)199

In Article 452 (use of the IRB Approach to credit risk), for the third sub-paragraph substitute—

For the purposes of point (j), the “relevant geographical location of credit exposures” means—

a

exposures in the United Kingdom; or

b

exposures in a third country in which the institution carries out activities through a branch or a subsidiary.