Subsection 5: Transitional measures

I.-Subject to the application of the provisions of articles L. 352-1, R. 352-2 and R. 352-5, the following rules apply: a) Until 31 December 2017, the standard parameters to be used to calculate the concentration risk sub-module and the margin risk sub-module under the standard formula shall be the same, for exposures to central governments and central banks of Member States that are denominated and funded in the national currency…

I.-During the transitional period referred to in Article L. 352-4, the Solvency Capital Requirement referred to in Article L. 352-1 is calculated taking into account all the quantifiable risks to which the undertaking is exposed, with the exception of risks relating to the operations referred to in Articles L. 143-1 and L. 310-14, Article L. 222-3 of the Mutual Code and Article L. 222-3 of the Code de la mutualité…