COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
n/a
Type of submitter
Individual
Subject matter
Mapping to exposure classes
Question
Are Greenland, Faroer, Guernsey, Isle of Man and Jersey to be treated as "central goverments" under Article 112(a) CRR or are they to be treated as "regional governments" under Article 112(b) CRR?
Background on the question
As the CRR does not provide a definition of "central government", it is unclear how to treat "territories" that are not states in the sense that they are not members of the United Nations, with regard to mapping exposures towards them to the exposure classes under Article 112 CRR for the SA and Article 147 CRR for the IRBA.
Submission date
Status
Question under review
Answer prepared by
Answer prepared by the European Commission because it is a matter of interpretation of Union law.
