EBU Single Rulebook Q&A 27 September 2016 2016_2917 Netting of Exposures arising from CIUs

Under the approach of Article 350(2) CRR, shall netting be permitted between positions in the underlying assumed investments of the CIU and other positions held by the institution, e.g. stock positions which are traded to hedge the underlying risk exposure of the CIUs? Articles 348-350 CRR set out the own funds requirements relating to CIUs.