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 (Text with EEA relevance) (c. 575)

[X1 PART THREE U.K. CAPITAL REQUIREMENTS

TITLE II U.K. CAPITAL REQUIREMENTS FOR CREDIT RISK

CHAPTER 4 U.K. Credit risk mitigation

Section 1 U.K. Definitions and general requirements

Article 192 U.K. Definitions

For the purposes of this Chapter, the following definitions shall apply:

(1)

‘ lending institution ’ means the institution which has the exposure in question;

(2)

‘ secured lending transaction ’ means any transaction giving rise to an exposure secured by collateral which does not include a provision conferring upon the institution the right to receive margin at least daily;

(3)

‘ capital market-driven transaction ’ means any transaction giving rise to an exposure secured by collateral which includes a provision conferring upon the institution the right to receive margin at least daily;

(4)

‘ underlying CIU ’ means a CIU in the shares or units of which another CIU has invested.]

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).