Article 4
Categories of changes to the institution’s choice of the subset of the modellable risk factors
1. Institutions shall assign changes to the choice of the subset of the modellable risk factors referred to in Article 325bc(2) of Regulation (EU) No 575/2013 to one of the following categories:
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(a) |
material changes to the institution’s choice of the subset of the modellable risk factors, identified in accordance with Article 5(1) of this Regulation, which require permission from the competent authorities; |
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(b) |
non-material changes to the institution’s choice of the subset of the modellable risk factors, which require notification to the competent authorities. |
2. Institutions shall assign changes to the institution’s choice of the subset of the modellable risk factors referred to in paragraph 1, point (b), to one of the following sub-categories:
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(a) |
changes to the institution’s choice of the subset of the modellable risk factors, identified in accordance with Article 6(1), to be notified with additional information; |
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(b) |
changes to the institution’s choice of the subset of the modellable risk factors to be notified with basic information. |