1.Institutions shall monitor and control their large exposures in accordance with Directive 92/121/EEC.
2.Notwithstanding paragraph 1, those institutions which calculate the capital requirements for their trading-book business in accordance with Annexes I and II shall monitor and control their large exposures in accordance with Directive 92/121/EEC subject to the modifications laid down in Annex VI to this Directive. VALUATION OF POSITIONS FOR REPORTING PURPOSES