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Commission Delegated Regulation (EU) No 529/2014 of 12 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for assessing the materiality of extensions and changes of the Internal Ratings Based Approach and the Advanced Measurement Approach (Text with EEA relevance)RecitalsArticle 1 Subject matterArticle 2 Categories of extensions and changesArticle 3 Principles of classification of extensions and changesArticle 4 Material changes to the IRB approachArticle 5 Changes to the IRB approach not considered materialArticle 6 Material extensions and changes to the AMAArticle 7 Extensions and changes to the AMA not considered materialArticle 7a Material extensions and changes to the IMAArticle 7b Extensions and changes to the IMA not considered materialArticle 8 Documentation of extensions and changesArticle 9 Entry into forceAnnex I Changes to the IRB approachAnnex I, Part I Changes to the range of application of rating systems or internal models approaches to equity exposuresAnnex I, Part II Changes to rating systems or an internal models approach to equity exposuresAnnex II Extensions and changes to the AMAAnnex II, Part IAnnex II, Part II Changes to the AMAAnnex III Extensions and changes to the IMAAnnex III, Part I Extensions to the IMAAnnex III, Part I, Section 1 Extensions requiring competent authorities' approval ("material")Annex III, Part I, Section 2 Extensions requiring ex ante notification to competent authoritiesAnnex III, Part II Changes to the IMAAnnex III, Part II, Section 1 Changes requiring competent authorities' approval ("material")Annex III, Part II, Section 2 Changes requiring ex ante notification to competent authoritiesDone at
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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 9 June 2014 - onwards
Version 2 of 2

Article 6 Material extensions and changes to the AMA

1. Extensions and changes to the AMA shall be considered material, if they fulfil any of the following conditions:

(a) they fall under any extensions described in Annex II, Part I, Section 1;

(b) they fall under any changes described in Annex II, Part II, Section 1;

(c) they result in either of the following:

(i) in a decrease of 10 % or more of either of the following:

- the overall EU parent institution's consolidated own funds requirements for operational risk,

- the overall own funds requirements for operational risk in the case of an institution which is neither a parent institution, nor a subsidiary;

(ii) in a decrease of 10 % or more of either of the following:

- the overall own funds requirements for operational risk at the consolidated level of a parent institution which is not an EU parent institution,

- the overall own funds requirements for operational risk of a subsidiary where the parent institution has not received the permission to use the AMA.

2. For the purposes of paragraph (1)(c)(i), and in accordance with Article 3(2), the impact of any extension or change shall be assessed as a ratio calculated as follows:

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