2. Scope and level of application

1. Overview

Summary	Regulation
1. Competent authorities should require institutions to comply with the provisions laid down in …	Competent authorities should require institutions to comply with the provisions laid down in these Guidelines on Stressed VaR.
2. These guidelines should apply to institutions using an Internal Model Approach (IMA) for the …	These guidelines should apply to institutions using an Internal Model Approach (IMA) for the purpose of calculating the capital requirement for market risk in the trading book.
3. The guidelines apply to institutions at the level (solo and/or consolidated) on which the model …	The guidelines apply to institutions at the level (solo and/or consolidated) on which the model is authorised to be used by the relevant competent authority, unless stated otherwise in these Guidelines.

Requirements
Source	Requirement

Standards
Source	Requirement

EBA -
EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.