(c)

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) · European Union

long and short positions in assets for which a credit assessment by a nominated external credit assessment institution is not available and which meet the following conditions: they are considered by the institutions concerned to be sufficiently liquid; their investment quality is, according to the institution's own discretion, at least equivalent to that of the assets referred to under point (a); and they are listed on at least one regulated market in a Member State or on a stock exchange in a third country provided that the exchange is recognised by the competent authorities of the relevant Member State;

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