+Article 2 Proportionality – product categories and model complexities
---+Article 2 (a)
---+Article 2 (b)
---+Article 2 (c)

Article 2 Proportionality – product categories and model complexities

Competent authorities shall apply the assessment methodology set out in this Regulation in a manner that is proportionate to the size and complexity of the trading activities included in the internal model, based on the following categories of financial instruments in increasing order of complexity:

1. Forbhreathnú

,
Article 2 (a)

simple instruments without optionality;
Article 2 (b)

instruments, other than those referred to in point (a), without path-dependent features, on a single underlying, including indices, with a continuous payoff in the same currency as the underlying;
Article 2 (c)

instruments with path-dependent features, instruments on multiple underlyings, instruments with payoffs in currencies that are different to that of the underlying, and any other instruments that are not referred to in points (a) or (b).

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Caighdeáin ghaolmhara

Caighdeáin