(a)

paragraph 1 is amended as follows: point (f) is replaced by the following: ; the institution has validated each rating system during an appropriate period prior to the permission to use that rating system, has assessed during that period whether each rating system is suited to the range of application of that rating system, and has made the necessary changes to each rating system following from its assessment;’ point (h) is replaced by the following: ; the institution has assigned and continues to assign each exposure in the range of application of a rating system to a rating grade or pool of that rating system.’

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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.