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2.

Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) · European Union

To be eligible for the retail exposure class referred to in point (h) of paragraph 1, an exposure shall meet the following conditions: the exposure shall be either to an individual person or persons, or to a small or medium sized entity; the exposure shall be one of a significant number of exposures with similar characteristics such that the risks associated with such lending are substantially reduced; and the total amount owed to the credit institution and parent undertakings and its subsidiaries, including any past due exposure, by the obligor client or group of connected clients, but excluding claims or contingent claims secured on residential real estate collateral, shall not, to the knowledge of the credit institution, exceed EUR 1 million. The credit institution shall take reasonable steps to acquire this knowledge. Securities shall not be eligible for the retail exposure class.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.