(a)

paragraph 1 is replaced by the following: ‘1. An institution shall calculate the own funds requirements for market risk of a position in a CIU using one of the following approaches: For the purposes of the calculation referred to in the first subparagraph, point (b)(ii), of this paragraph the institution may calculate the own funds requirements for counterparty credit risk and own funds requirements for credit valuation adjustment risk of derivative positions of the CIU using the simplified approach set out in Article 132a(3).’ ; an institution that meets the condition set out in Article 104(8), point (a), shall calculate the own funds requirements for market risk of that position by looking through the underlying positions of the CIU, on a monthly basis, as if those positions were directly held by the institution; an institution that meets the condition set out in Article 104(8), point (b), shall calculate the own funds requirements for market risk of that position by using either of the following approaches: it shall consider the position in the CIU as a single equity position allocated to the bucket “other sector” in Article 325ap(1), Table 8; it shall consider the limits set in the CIU’s mandate and in the relevant law.

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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.