Paragraphs 19.1 to 19.12 have been deleted.

Fees

19.13 There will be some circumstances where a fee may be applied, for example, where a firm is upgrading from FIRB to AIRB, or a special project fee in the case of a merger or acquisition.

Paragraphs 19.14 and 19.15 have been deleted.

Temporary adjustments to approved models

19.16 Firms should address identified model issues in a timely fashion with suitable model changes, and ensure that such changes are implemented in accordance with the appropriate model changes process. The PRA recognises, however, that there are instances where it is prudent and correct for firms to adjust the capital requirements produced by their models on a temporary basis. The PRA does not expect any such adjustment to be in place for a period longer than six months and firms should take any action required to remove an adjustment (including notifying the PRA of a model change where appropriate) within that period.

19.17 Firms should meet the following criteria in respect of any temporary adjustments to approved models: