Updated 05/02/2025
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Version from: 14/11/2024
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Article 85 - Delegated Regulation 2015/35

Article 85

The conditions for a categorisation of regional governments and local authorities shall be that there is no difference in risk between exposures to these and exposures to the central government, because of the specific revenue-raising power of the former, and specific institutional arrangements exist, the effect of which is to reduce the risk of default.