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Article 45 Transitional provision

With regard to the assessment of the AMA, referred to in Article 1, of an institution which, on the date of entry into force of this Regulation, is already using an AMA for the purpose of calculating its own funds requirements for operational risk, or of an institution which has already applied for a permission to use an AMA for that purpose, both of the following shall apply:

  1. (a)

    this Regulation shall apply from one year after its entry into force;

  2. (b)

    Article 34(g) shall apply from two years after its entry into force.

Article 46 Entry into force

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.