76. For the purposes of Article 22(1) of Regulation (EU) 2017/2402, the term ‘substantially similar …

For the purposes of Article 22(1) of Regulation (EU) 2017/2402, the term ‘substantially similar exposures’ should be understood as referring to exposures for which both of the following conditions are met:

• (a) the most relevant factors determining the expected performance of the underlying exposures are similar;
• (b) as a result of the similarity referred to in point (a) it could reasonably have been expected, on the basis of indications such as past performance or applicable models, that, over the life of the transaction, or over a maximum of four years, where the life of the transaction is longer than four years, their performance would not be significantly different.

1. Forbhreathnú

1.1 Tagairtí

• Airteagal 22 1.

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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