8. Point (d) in paragraph 23 is replaced by the following: ‘(d) in the specific case of factoring …

Point (d) in paragraph 23 is replaced by the following:

‘(d) in the specific case of factoring arrangements where the purchased receivables are recorded on the balance sheet of the institution and where one of the following conditions is met:

(i). the materiality threshold set by the competent authority in accordance with point (d) of Article 178(2) of Regulation (EU) No 575/2013 is breached but none of the receivables to the obligor is past due more than 90 days;

(ii). the obligor has not been adequately informed about the cession of the receivable by the factor’s client, and t he institution has evidence that the obligor has paid the receivable to the client before it was past due more than 90 days;

(iii). in the case of undisclosed factoring arrangements, the institution has evidence that the obligor has paid the receivable to the client before it was past due more than 90 days.

1. Overview

1.1 References

• Article 178 2.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

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