Article 348

Path:
Capital Requirements Regulation (CRR) > PART THREE > TITLE IV > CHAPTER 2 > Section 6 > Article 348
Title:
Article 348
Description: 
Own funds requirements for CIUs
Main content: 

1. Without prejudice to other provisions in this Section, positions in CIUs shall be subject to an own funds requirement for position risk, comprising specific and general risk, of 32 %. Without prejudice to Article 353 taken together with the amended gold treatment set out in Article 352(4) and Article 367(2)(b) positions in CIUs shall be subject to an own funds requirement for position risk, comprising specific and general risk, and foreign-exchange risk of 40 %.

2. Unless noted otherwise in Article 350, no netting is permitted between the underlying investments of a CIU and other positions held by the institution.