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This chapter sets out transitional arrangements for the Pillar 1 consequences of the outcomes of the P&L attribution test that apply until 1 January 2023.

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Effective as of: 01 Jan 2022 | Last update: 15 Dec 2019
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90.1

Banks are required to conduct the profit and loss (P&L) attribution (PLA) test beginning 1 January 2022 as set out in MAR32.3. The outcomes of the PLA test will be used for Pillar 2 purposes beginning 1 January 2022. The Pillar 1 capital requirement consequences of assignment to the PLA test amber zone or PLA test red zone, as set out in MAR32.43, MAR32.44 and MAR33.43, will apply beginning 1 January 2023.