(c)

paragraph 2 is amended as follows: point (b) is replaced by the following: ; all non-trading book positions that are subject to foreign exchange risk or commodity risk shall be included, except those positions that are excluded from the calculation of the own funds requirements for foreign exchange risk in accordance with Article 104c or that are deducted from the institutions’ own funds;’ point (f) is replaced by the following: ; the absolute value of the aggregated long position shall be summed with the absolute value of the aggregated short position.’ the following subparagraphs are added: ‘For the purposes of the first subparagraph, the meaning of long and short positions is the same as the meaning set out in Article 94(3). For the purposes of the first subparagraph, the value of the aggregated long (short) position shall be equal to the sum of the values of the individual long (short) positions included in the calculation in accordance with points (a) and (b) of that subparagraph.’ ;

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.