(a)

they may calculate direct, indirect and synthetic holdings of Common Equity Tier 1 instruments of the financial sector entities on the basis of the net long position in the same underlying exposure provided that both the following conditions are met: the maturity of the short position matches the maturity of the long position or has a residual maturity of at least one year; either both the long position and the short position are held in the trading book or both are held in the non-trading book;

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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.