119. Where the competent authority, in the exercise of its discretion, considers itself to be in a …

Where the competent authority, in the exercise of its discretion, considers itself to be in a position to conduct a strict and scrupulous assessment and establishes that the relevant conditions set out in the CRR are satisfied and the waiver may be granted, and such a waiver is granted at the time of the authorisation, the capital at authorisation (and the related payment) should be determined consistently with paragraphs 116–117 taking the waiver into account.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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