De Minimis and weighting for foreign exchange risk

The own funds requirement for foreign exchange risk, including    non-delta risks of positions in foreign-currency options, shall only be calculated if the institution's overall net foreign-exchange position and its net gold position calculated as per Article 352 of Regulation (EU) No 575 /2013 (CRR) is greater than 2% of the institution's total own funds.    To determine the overall net foreign-exchange position as set out in Article 352, the institution will need to include the net delta equivalent of the foreign-currency options as per Article 352(1)(d) of the CRR. The calculation of the overall net foreign-exchange position however does not require including non-delta risks of foreign-currency options.  Only if the overall net foreign-exchange position (including the net delta equivalent of the foreign-currency option) and its net gold position exceeds 2% of the institution's total own funds, the own funds requirement for foreign exchange risk (including non-delta risks) will have to be calculated   .