(69)

in Article 142, paragraph 1 is amended as follows: the following points are inserted: ; ) “exposure class” means any of the exposure classes referred to in Article 147(2), point (a), point (aa)(i) or (ii), point (b), point (c)(i), (ii) or (iii), point (d)(i), (ii), (iii) or (iv), point (e), (ea), (f) or (g); “corporate exposure” means an exposure assigned to any of the exposure classes referred to in Article 147(2), point (c)(i), (ii) or (iii); “retail exposure” means an exposure assigned to any of the exposure classes referred to in Article 147(2), point (d)(i), (ii), (iii) or (iv); “regional governments, local authorities and public sector entities exposure” means an exposure assigned to any of the exposure classes referred to in Article 147(2), point (aa)(i) or (ii);’ point (2) is replaced by the following: ; “type of exposures” means a group of homogeneously managed exposures, which may be limited to a single entity or a single sub-set of entities within a group provided that the same type of exposures is managed differently in other entities of the group;’ points (4) and (5) are replaced by the following: ; “large regulated financial sector entity” means a financial sector entity which meets all of the following conditions: the entity’s total assets, or the total assets of its parent company where the entity has a parent company, calculated on an individual or consolidated basis, are greater than or equal to EUR 70 billion, using the most recent audited financial statement or consolidated financial statement in order to determine asset size; the entity is subject to prudential requirements, directly on an individual or consolidated basis, or indirectly from the prudential consolidation of its parent undertaking, in accordance with this Regulation, Regulation (EU) 2019/2033, Directive 2009/138/EC, or legal prudential requirements of a third country at least equivalent to those Union acts; “unregulated financial sector entity” means a financial sector entity that does not fulfil the condition set out in point (4)(b);’ the following point is inserted: ; “large corporate” means any corporate undertaking having consolidated annual sales of more than EUR 500 million or belonging to a group where the total annual sales for the consolidated group is more than EUR 500 million;’ the following points are added: ; “PD/LGD modelling adjustment approach” means an adjustment of the LGD or modelling an adjustment of both the PD and the LGD of the underlying exposure; “protection-provider-RW-floor” means the risk weight applicable to a comparable, direct exposure to the protection provider; for an exposure to which an institution applies the IRB Approach by using its own estimates of LGD under Article 143, “recognised” unfunded credit protection means an unfunded credit protection whose effect on the calculation of risk-weighted exposure amounts or expected loss amounts of the underlying exposure is taken into account with one of the following methods, in accordance with Article 108(3): PD/LGD modelling adjustment approach; substitution of risk parameters approach under A-IRB as defined in Article 192, point (5); “SA-CCF” means the percentage applicable under Chapter 2 in accordance with Article 111(2); “IRB-CCF” means own estimates of credit conversion factor.’ the following subparagraph is added: ‘For the purposes of the first subparagraph, point (5a), in making the assessment for the sales threshold, the amounts shall be reported, as they are, in the audited financial statements of the corporates or, for corporates that are part of consolidated groups, their consolidated groups according to the accounting standard applicable to the ultimate parent undertaking of the consolidated group. The figures shall be based on the average amounts calculated over the prior three years, or on the latest amounts updated every three years by the institution.’ ;

← (68) · All articles · (a) →

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