24. For the purposes of Article 183(1)(c) of Regulation (EU) No 575/2013, institutions should …

For the purposes of Article 183(1)(c) of Regulation (EU) No 575/2013, institutions should obtain a legal opinion confirming that the unfunded credit protection arrangement is legally effective and enforceable in all relevant jurisdictions. This legal opinion should be:

• (a) carried out at least for each type of unfunded credit protection; and
• (b) provided in a written form by a legal counsel. Where the legal counsel is an employee of the institution, the legal counsel should be independent from the credit decision process responsible for originating or renewing the exposures under consideration.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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