Advanced economies and emerging markets
Article 1
1. For the purposes of specifying risk weights for the sensitivities to equity and equity repo rate risk factors in accordance with Article 325ap of Regulation (EU) No 575/2013, the following countries shall constitute advanced economies: (a) Member States of the European Union; (b) the overseas countries and territories which have special relations with Denmark, France or the Netherlands, including Faeroe Islands and those listed in Annex II to the Treaty on the Functioning of the European Union; (c) the following third countries: (i) third countries, which are parties to the Agreement on the European Economic Area; (ii) Australia; (iii) Canada; (iv) Hong Kong; (v) Japan; (vi) Mexico; (vii) New Zealand; (viii) Singapore; (ix) Switzerland; (x) the United Kingdom; (xi) the United States. 2. For the purposes of specifying risk weights for the sensitivities to equity and equity repo rate risk factors under Article 325ap of Regulation (EU) No 575/2013, countries not listed in paragraph 1 of this Article shall constitute emerging markets.