Alternative calculation of own funds requirement for exposures to a Qualifying Central Counterparty (QCCP)

No, the exemptions in Article 306 of Regulation (EU) No. 575/2013 (CRR) do not apply to Article 310. This conclusion can be reached based on two considerations: The formulation of Articles 306(1)(c) and 306(2) of the CRR are specific to that Article (there is no reference in Article 306 to Article 310, and vice-versa); and It clearly follows from Article 301(2) of the CRR that the method set out in Article 310 is an alternative to the method set out in Article 306. DISCLAIMER: This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General for Internal Market and Services) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.