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Annex 1

Annex 1

ANNEX

Annex I to Regulation (EU) 2016/445 (ECB/2016/4) is amended as follows:

(1)

point (ii) of subparagraph (a) of paragraph 2 is replaced by the following:

the intragroup exposures are justified by the group’s funding structure and strategy;’;

(2)

point (ii) of subparagraph (c) of paragraph 3 is replaced by the following:

intragroup exposures are justified by the group’s funding structure and strategy;’.

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