3. The guidelines apply to institutions at the level (solo and/or consolidated) on which the …

The guidelines apply to institutions at the level (solo and/or consolidated) on which the relevant internal model is authorised to be used by the relevant competent authority, unless stated otherwise in these Guidelines.

3. Definitions In these guidelines the following definitions should apply:

• a. The term institutions should mean credit institutions and investment firms as set out in Directives 2006/48/EC and 2006/49/EC.
• b. The term permanent partial use in point 8 of these Guidelines, should mean that certain positions, which are excluded from specific risk VaR and from the application of the IRC, based on Annex V, point 6 of Directive 2006/49/EC, are subject to the standardised approach for specific interest rate risk.

Title II - Requirements regarding institutions‟ IRC modelling

1. Pregled

1.1 Reference

1.2 Utvrđeni zahtjevi

1.3 Povezani standardi

2. Utvrđeni zahtjevi

3. Povezani standardi

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