Part Three: capital requirementsI16
1
Part Three (comprising Articles 92 to 386) (capital requirements) is amended as follows.
2
In Title I (general requirements, valuation and reporting), omit—
a
in Chapter 1 (comprising Articles 92 to 94)13 (required level of own funds), Article 94 (derogation from own funds requirements for small trading book business);
b
Chapter 2 (comprising Articles 99 to 101)14 (calculation and reporting requirements);
c
Chapter 3 (comprising Articles 102 to 106)15 (trading book).
3
In Title II (capital requirements for credit risk)—
a
omit Article 12816 (risk weights: items associated with particular high risk);
b
omit Article 13217 (exposures in the form of units or shares in collective investment undertakings);
c
omit Article 132a18 (risk weights: approaches for calculating risk-weighted exposure amounts of collective investment undertakings);
d
omit Article 15219 (internal ratings-based approach to credit risk: treatment of exposures in the form of units or shares in collective investment undertakings);
e
omit Article 158 (internal ratings-based approach to credit risk: treatment by exposure type);
f
in Chapter 6 (comprising Articles 271 to 311) (counterparty credit risk)—
i
in Article 272 (definitions for the purposes of Chapter 6 of Title II of Part Three and Title VI of Part Three), omit—
aa
in the heading before point (4), “, hedging sets,”;
bb
point (5) (“risk position”);
cc
point (6) (“hedging set”);
dd
point (8) (“margin threshold”);
ee
point (12) (“Current Market Value”);
ff
point (26) (“payment leg”);
ii
omit—
aa
section 2 (comprising Article 273) (methods for calculating the exposure value);
bb
section 3 (comprising Article 274) (mark-to-market method);
cc
section 4 (comprising Article 275) (original exposure method);
dd
section 5 (comprising Articles 276 to 282)20 (standardised method);
ee
section 9 (comprising Articles 300 to 311)21 (own funds requirements for exposures to a central counterparty).
4
In Title III (own funds requirements for operational risk), omit Article 31622 (basic indicator approach to own funds requirements for operational risk: relevant indicator).
5
In Title VI (own funds requirements for credit valuation adjustment risk), omit Article 385 (alternative to using CVA methods to calculating own funds requirements for credit valuation adjustment risk).