Regulation (EU) No 575/2013 of the European Parliament and of the CouncilShow full title

[X1 3. Medium/low risk: U.K.

(a)

trade finance off-balance sheet items:

(i)

documentary credits in which underlying shipment acts as collateral and other self-liquidating transactions;

(ii)

warranties (including tender and performance bonds and associated advance payment and retention guarantees) and guarantees not having the character of credit substitutes;

(iii)

irrevocable standby letters of credit not having the character of credit substitutes;

(b)

other off-balance sheet items:

(i)

undrawn credit facilities which comprise agreements to lend, purchase securities, provide guarantees or acceptance facilities with an original maturity of up to and including one year which may not be cancelled unconditionally at any time without notice or that do not effectively provide for automatic cancellation due to deterioration in a borrower's creditworthiness;

(ii)

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

Textual Amendments

F1 Words in Annex 1 point 3(b)(ii) 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)

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).