Article 67U.K.Specification of amount and timing relating to the approval of a method
Where the supervisory authorities approve a method to determine the amount of each ancillary own fund item, the supervisory authorities' decision shall set out all of the following:
(a)
the initial amount of the ancillary own funds item that has been calculated using that method at the date the approval is granted;
(b)
the minimum frequency of recalculation of the amount of ancillary own funds item using that method where it is more frequent than annual, and the reasons for that frequency;
(c)
the time period for which the calculation of the ancillary own funds item using that method is granted.