in force 2019-01-01 MODIFIED+62 −1,073§
Amended by Regulation (EU) 2017/2401 32017R2401 · Regulation (EU) 2019/876 32019R0876
applies from: unchanged
The heading changed from referring to securitised exposures under the Standardised Approach and the IRB Approach to referring simply to securitisation positions.
The detailed provisions in paragraphs 1 and 2, which set out separate calculation rules referencing the Standardised Approach, the IRB Approach, and specific Articles including 245, 246, 251 to 258, 259 to 266 and the Internal Assessment Approach, have been replaced by a single sentence directing institutions to calculate the risk-weighted exposure amount for a securitisation position in accordance with Chapter 5.
Cited: Art. 109, v1 · Art. 109, v2
text before / after
texts differ too much for an inline diff; shown separately
before (02013R0575-20180101)
Article 109 Treatment of securitised exposures under the Standardised Approach and the IRB Approach 1. Where an institution uses the Standardised Approach under Chapter 2 for the calculation of risk-weighted exposure amounts for the exposure class to which the securitised exposures would be assigned under Article 112, it shall calculate the risk-weighted exposure amount for a securitisation position in accordance with Articles 245, 246 and 251 to 258. Institutions using the Standardised Approach may also use the Internal Assessment Approach where this has been permitted under Article 259(3). 2. Where an institution uses the IRB Approach under Chapter 3 for the calculation of risk-weighted exposures amounts for the exposure class to which the securitised exposure would be assigned under Article 147 it shall calculate the risk-weighted exposure amount in accordance with Articles 245, 246 and 259 to 266. Except for the Internal Assessment Approach, where the IRB Approach is used only for a part of the securitised exposures underlying a securitisation, the institution shall use the approach corresponding to the predominant share of securitised exposures underlying this securitisation.
after (02013R0575-20190101)
Article 109 Treatment of securitisation positions Institutions shall calculate the risk-weighted exposure amount for a position they hold in a securitisation in accordance with Chapter 5.