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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: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 9 July 2015 - onwards

Annex III, Part I, Section 1 Extensions requiring competent authorities' approval ("material")

1. Extension of the market risk model to an additional location in another jurisdiction, including extending the market risk model to the positions of a desk located in a different time zone, or for which different front office or IT systems are used.

2. Integration in the scope of an IMA model of product classes, for which the VaR number, computed according to Article 364(1)(a)(i) of Regulation (EU) No 575/2013, exceeds 5 % of the VaR number, computed according to Article 364(1)(a)(i) of Regulation (EU) No 575/2013, of the total portfolio forming the scope of that IMA model before the integration.

3. Any reverse extensions such as cases where the institutions aim at applying the standardized method to risk categories for which they are granted permission to use an internal market risk model.

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