1.Institutions shall have in place clearly defined policies and procedures for determining which position to include in the trading book for the purposes of calculating their capital requirements, in accordance with the requirements set out in Article 102 and the definition of trading book in accordance with point (86) of Article 4(1), taking into account the institution's risk management capabilities and practices. The institution shall fully document its compliance with these policies and procedures and shall subject them to periodic internal audit.
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New version applies from 09/07/2024 — introduced by Capital Requirements Regulation III (CRR3).
90 provisions change.
Later versions: 01/01/2025, 29/06/2025, 01/01/2026, 26/06/2026, 01/01/2027.
Article 104 changes in this version: compare with the current text.