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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

relevant credit exposures

    134192exposures, other than those referred to in article 112(a) to (f) of the UK CRR192 (Exposure classes), that are subject to:

      1. (a) the own funds requirements for credit risk under Part Three, Title II of the UK CRR192;
      1. (b) where the exposure is held in the trading book, own funds requirements for specific risk under Part Three, Title IV, Chapter 2 of the UK CRR192 or incremental default and migration risk under Part Three, Title IV,184 Chapter 5 of the UK CRR192; or
      1. (c) where the exposure is a securitisation, the own funds requirements under Part Three, Title II, Chapter 5 of the UK CRR192.

    [Note: article 140(4) of CRD]192