3.
Institutions shall obtain the prior permission of the competent authorities for the following: material changes to the range of application of a rating system or an internal models approach to equity exposures that the institution has received permission to use; material changes to a rating system or an internal models approach to equity exposures that the institution has received permission to use. The range of application of a rating system shall comprise all exposures of the relevant type of exposure for which that rating system was developed.
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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.