15. In their request to competent authorities, institutions should justify how the positions in the …

In their request to competent authorities, institutions should justify how the positions in the currency for which they seek the exemption meet the specifications set out in these guidelines. They should also specify:

• (a) the methodology that they intend to use in order to exclude the position from the net open position in the foreign currency where the own funds requirements for foreign exchange risk are calculated using the internal model approach in accordance with Title IV, Chapter 5 of Regulation (EU) No 575/2013;
• (b) the methodology that they use to calculate the own funds requirements for foreign exchange risk and the methodology they intend to use for removing the position for which they seek the exemption from the net open position, where they compute the own funds requirements of Regulation (EU) No 575/2013 for market risk on a consolidated basis without having the permission to offset positions in some institutions or undertakings in the group in accordance with Article 325 of that Regulation.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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