24. In order for a position in a foreign currency to be considered eligible to be exempted, that …

In order for a position in a foreign currency to be considered eligible to be exempted, that position should be net long at the level at which the institution computes the own funds requirements for market risk in accordance with Regulation (EU) No 575/2013. Where the institution computes the own funds requirements on a consolidated basis, paragraphs 25 and 26 also apply.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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