(112)

Article 197 is amended as follows: paragraph 1 is amended as follows: points (b) to (e) are replaced by the following: ; debt securities, issued by central governments or central banks, which have a credit assessment by an ECAI or export credit agency where: the ECAI or export credit agency has been nominated by the institution for the purposes of Chapter 2; and the credit assessment has been determined by EBA to be associated with credit quality step 1, 2, 3 or 4 under the rules for the risk weighting of exposures to central governments and central banks under Chapter 2; debt securities, issued by institutions, which have a credit assessment by an ECAI where: the ECAI has been nominated by the institution for the purposes of Chapter 2; and the credit assessment has been determined by EBA to be associated with credit quality step 1, 2 or 3 under the rules for the risk weighting of exposures to institutions under Chapter 2; debt securities, issued by other entities, which have a credit assessment by an ECAI where: the ECAI has been nominated by the institution for the purposes of Chapter 2; and the credit assessment has been determined by EBA to be associated with credit quality step 1, 2 or 3 under the rules for the risk weighting of exposures to corporates under Chapter 2; debt securities having a short-term credit assessment by an ECAI where: the ECAI has been nominated by the institution for the purposes of Chapter 2; and the credit assessment has been determined by EBA to be associated with credit quality step 1, 2 or 3 under the rules for the risk weighting of short-term exposures under Chapter 2;’ point (g) is replaced by the following: ; gold bullion;’ in paragraph 6, the first subparagraph is replaced by the following: ‘For the purposes of paragraph 5 of this Article, where a CIU (the “original CIU”) or any of its underlying CIUs are not limited to investing in instruments that are eligible under paragraphs 1 and 4 of this Article, the following shall apply: ; where the institutions apply the look-through approach referred to in Article 132a(1) or Article 152(2) for direct exposures to a CIU, they may use units or shares in that CIU as collateral up to the amount equal to the value of the instruments held by that CIU that are eligible under paragraphs 1 and 4 of this Article; where institutions apply the mandate-based approach referred to in Article 132a(2) or 152(5) for direct exposures to a CIU, they may use units or shares in that CIU as collateral up to the amount equal to the value of the instruments held by that CIU that are eligible under paragraphs 1 and 4 of this Article under the assumption that that CIU or any of its underlying CIUs have invested in non-eligible instruments to the maximum extent allowed under their respective mandates.’

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.