[X1 ANNEX I U.K. Classification of off-balance sheet items

Editorial Information

X1 Substituted by Corrigendum to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).

2. Medium risk: U.K.

(a)

trade finance off-balance sheet items, namely documentary credits issued or confirmed (see also ‘ Medium/low risk ’ );

(b)

other off-balance sheet items:

(i)

shipping guarantees, customs and tax bonds;

(ii)

undrawn credit facilities (agreements to lend, purchase securities, provide guarantees or acceptance facilities) with an original maturity of more than one year;

(iii)

note issuance facilities (NIFs) and revolving underwriting facilities (RUFs);

(iv)

other items also carrying medium risk and as communicated to [F1 the competent authority]. ]

Textual Amendments

F1 Words in Annex 1 point 2(b)(iv) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 217(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)