Common provisions
Article 3
1. For the purposes of this Regulation, the term: (a) ‘seller of purchased receivables’ and ‘seller’ shall, in provisions of Regulation (EU) No 575/2013 that relate to purchased receivables and provided there is a SSPE, be read as ‘originator’; (b) ‘purchasing institution’ in Article 154(7), Article 162(2), point (e), and Article 179(1), point (e), of Regulation (EU) No 575/2013 shall be read as ‘institution calculating K IRB in accordance with Article 255(4) of this Regulation’; (c) ‘institution’s exposures and standards’ in Article 179(1), point (d), of Regulation (EU) No 575/2013 shall be read as ‘securitised exposures and standards applied to those exposures’; (d) ‘type of exposures’ in Article 142(1), point (2), of Regulation (EU) No 575/2013 shall be read as groups of securitised exposures that would have been homogeneously managed by the institution calculating K IRB if they had not been securitised. 2. For pools of non-homogeneous securitised exposures, institutions calculating K IRB in accordance with this Regulation may need to split such pools into sub-pools of homogeneous securitised exposures to determine the risk-weighted exposure amount separately for each sub-pool for the calculation of K IRB in accordance with Article 255(4) of Regulation (EU) No 575/2013. References to ‘pools’ in this Regulation shall be construed to include sub-pools, where appropriate.