Recital 1

(1)The market risk own funds requirements under the alternative standardised approach set out in Article 325c to Article 325ay of Regulation (EU) No 575/2013 require, for the calculation of the own funds requirement under the sensitivities-based method set out in Article 325d to Article 325k, the application of the risk weights for equity risk specified in Table 8 of Article 325ap of that Regulation pursuant to the delegated act referred to in Article 461a. Since markets constituting advanced economies and emerging markets are mutually exclusive categories, it should be clarified that all markets not constituting advanced economies should be regarded as emerging markets.