means an institution that meets all the following conditions:
(a) it is not a large institution;
(b) the total value of its assets on an individual basis or, where applicable, on a consolidated basis in accordance with this Regulation is on average equal to or less than the threshold of EUR 5 billion over the four-year period immediately preceding the current annual reporting period;
(c) it is not subject to any obligations, or is subject to simplified obligations, in relation to recovery and resolution planning in accordance with articles 7 and 8 of the second BRRD Order;
(d) its trading book business is classified as small within the meaning of Article 94(1);
(e) the total value of its derivative positions held with trading intent does not exceed 2 % of its total on- and off-balance-sheet assets and the total value of its overall derivative positions does not exceed 5 %, both calculated in accordance with Article 273a(3);
(f) more than 75 % of both the institution's consolidated tota
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