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Recital 2

Recital 2

(2)Considering that, pursuant to Article 78(1) of Directive 2013/36/EU, the benchmarking exercise is of at least annual duration and that, the focus of the competent authorities’ assessments and of EBA’s reports has changed in order to identify areas where further regulatory guidance is needed, exposures or positions that are included in the benchmark portfolios, and therefore also reporting requirements, need to be adapted accordingly. It is therefore appropriate to amend Annexes I to IX to Implementing Regulation (EU) 2016/2070.

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