Corrigendum to Commission Delegated Regulation (EU) 2022/1622 of 17 May 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards on emerging markets and advanced economies (Official Journal of the European Union OJ L 244 of 21 September 2022)

A corrigendum to Commission Delegated Regulation (EU) 2022/1622 relating to regulatory technical standards for the classification of countries for purposes of applying adequate market risks weights in determining own funds requirements of credit institutions was published in the Official Journal (OJ) of the EU.
Specifically, the corrigendum replaces the entire first paragraph of Article 1 specifying those countries to be considered „advanced economies“ for purposes of the application of lower risk weights (please see the remark in the Comments box below) to make a minor technical correction. The new text now reads as follows – as quoted:
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 and countries which are Parties to the Agreement on the European Economic Area;
(b) the overseas countries and territories which have special relations with Denmark, France or the Netherlands, including the Faeroe Islands and those listed in Annex II to the Treaty on the Functioning of the European Union;
(c) the following third countries:
– (i) Australia;
– (ii) Canada;
– (iii) Hong Kong;
– (iv) Japan;
– (v) Mexico;
– (vi) New Zealand;
– (vii) Singapore;
– (viii) Switzerland;
– (ix) the United Kingdom;
– (x) the United States.
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The bold marked words were removed from part (c) of the list and added to part (a).