Article 452 (use of the IRB Approach to credit risk)
This section has no associated Explanatory Memorandum
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.”.