Article 5 (e)

(i)

the sum of those authorities equals or exceeds the threshold referred to in point (c)(i) or in point (d)(i), the first indent;

(ii)

where an internal model-based approach is approved for regulatory purposes, those authorities amount to 5 % or more of the institution’s internal value-at-risk limit for trading book exposures at a 99th percentile (one-tailed confidence interval level); where the institution does not calculate a value-at-risk at the level of that staff member, the value-at-risk limits of staff under the management of this staff member shall be added up;