Delegated Regulation (EU) No 529/2014 is amended as follows:

1. Article 1 is replaced by the following:

'Article 1 Subject matter

This Regulation lays down the conditions for assessing the materiality of extensions and changes to the Internal Rating Based approaches, the Advanced Measurement Approaches and the Internal Models Approach permitted in accordance with Regulation (EU) No 575/2013, including the modalities of the notifications of such changes and extensions.'

2. Article 2(1) is replaced by the following:

'1. The materiality of changes to the range of application of a rating system or an internal models approach to equity exposures, or of changes to the rating systems or internal models approach to equity exposures, for the Internal Rating Based approach ("changes in the IRB approach") or the materiality of the extensions and changes for the Advanced Measurement Approach ("extensions and changes in the AMA") or the materiality of the extensions and changes for the Internal Models Approach ("extensions and changes in the IMA") shall be classified into one of the following categories:

(a) material extensions and changes, which, according to Articles 143(3), and 312(2) and 363(3) of Regulation (EU) No 575/2013, require permission from the relevant competent authorities;

(b) other extensions and changes, which require notification to the competent authorities.'