(c)

the following paragraph is inserted: ‘2a. In extraordinary circumstances, occurring during periods of significant reduction in certain trading activities across financial markets, competent authorities may allow institutions using the approach set out in this Chapter to consider as modellable risk factors that have been assessed as not modellable by those institutions in accordance with paragraph 1, provided that the following conditions are met: ; the risk factors subject to the treatment correspond to the trading activities which are significantly reduced across financial markets; the treatment is applied temporarily, and for not more than six months within one financial year; the treatment does not significantly reduce the total own funds requirements for market risk of the institutions applying it; competent authorities immediately notify EBA of any decision to allow institutions to apply the approach set out in this Chapter to consider as modellable risk factors that have been assessed as non-modellable, as well as of the trading activities concerned, and substantiate that decision.’

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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.