(178)

Article 325az is amended as follows: paragraph 1 is replaced by the following: ‘1. The alternative internal model approach may be used by an institution to calculate its own funds requirements for market risk, provided that the institution meets all of the requirements laid down in this Chapter.’ ; in paragraph 2, the first subparagraph is amended as follows: points (c) and (d) are replaced by the following: ; the trading desks have met the back-testing requirements referred to in Article 325bf(3); the trading desks have met the profit and loss attribution (“P&L attribution”) requirements referred to in Article 325bg;’ the following point is added: ; no positions in CIUs that meet the condition set out in Article 104(8), point (b), have been assigned to the trading desks.’ paragraph 3 is replaced by the following: ‘3. Institutions that have been granted permission to use the alternative internal model approach shall also meet the reporting requirement set out in Article 325(3).’ ; in paragraph 8, point (b) is replaced by the following: ; the assessment methodology under which competent authorities verify an institution’s compliance with the requirements set out in this Chapter.’ paragraph 9 is replaced by the following: ‘9. EBA shall issue an opinion as to whether extraordinary circumstances as referred to in paragraph 5 of this Article and in Article 325bf(6), second subparagraph, have occurred. For the purpose of providing that opinion, EBA shall monitor the market conditions to assess whether extraordinary circumstances have occurred and, where that is the case, shall notify the Commission immediately. 10. EBA shall develop draft regulatory technical standards to specify the conditions and indicators that EBA is to use to determine whether extraordinary circumstances have occurred. EBA shall submit those draft regulatory technical standards to the Commission by 30 June 2024. Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph of this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.’ ;

← (c) · All articles · (a) →

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