1. Competent authorities may allow the inclusion in the IRC of listed equity positions and …

Competent authorities may allow the inclusion in the IRC of listed equity positions and derivatives positions based on listed equity subject to the following conditions:

• i. the related positions in equity and credit instruments are jointly managed by an identified trading unit (e.g. arbitrage between convertible bonds and equity);
• ii. procedures for the measurement and management of joint credit and equity risk are in place for the relevant trading unit; and
• iii. all equity positions of the relevant trading unit are included, in order to avoid cherry-picking.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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