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).