Arxo Findings Register · Arxo Law

ARXO-2026-0387 · Reported

Basel Framework: MAR22.3 range of subsections

MAR22.3 refers to MAR22.9-MAR22.26 for per-risk-class DRC definitions, a range that covers only non-securitisations while the securitisation rules run to MAR22.45.

Consequence

Position: Bank with a securitisation (non-CTP) position looks up gross JTD Reading a: Follows MAR22.3: only MAR22.9-22.26 (non-securitisation rules) apply Reading b: Correct: MAR22.27-22.35 Difference: Different LGD/bucket/RW applied

Proposed correction

Clarify or correct the cited passage so that the rule and its references give one result for the stated case.

Issued by
Basel Committee on Banking Supervision
Act
Basel Framework MAR22 (in force 2023-01-01, published 2020-03-27)
Place
MAR22.3 range of subsections
Record
Discrepancy
Class
Text of the act
Where it arose
The text of the act
Arxo's conclusion
Confirmed
Official text
Unchanged at last check
Last checked
2026-10-31

Evidence

Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.

are separately set out per each risk class in subsections in MAR22.9 to MAR22.26
Normative text · Basel Framework MAR22 (in force 2023-01-01, published 2020-03-27) · MAR22.3 range of subsections · Published 2020-03-27 · retrieved 2026-10-31 · SHA-256 6867bedae225e6b45fd9cac97912ead6f6e180844063b4f875b58431de229bf3 · copy
# Default risk capital requirement for securitisations (non-CTP)
Normative text · Basel Framework MAR22 (in force 2023-01-01, published 2020-03-27) · MAR22.3 range of subsections · Published 2020-03-27 · retrieved 2026-10-31 · SHA-256 6867bedae225e6b45fd9cac97912ead6f6e180844063b4f875b58431de229bf3 · copy

How to check it without Arxo's tools

  1. Open Basel Framework MAR22 (in force 2023-01-01, published 2020-03-27) and find MAR22.3 range of subsections. Compare the text with the quotation above. A copy is kept in this register: 6867bedae225e6b4-MAR22@2023-01-01~2020-03-27.txt (SHA-256 6867bedae225e6b45fd9cac97912ead6f6e180844063b4f875b58431de229bf3, copy of the official file).
  2. The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.

How this finding was made

AI models read the texts, built the examples and reviewed the findings.

Responsible institutions

Reported to

DateInstitutionChannelReference
2026-10-31Basel Committee on Banking Supervisione-mailhttps://mail.google.com/mail/u/0/#sent/KtbxLthRTjRNkqRtWGvxMWmXhVdckfWkGV

Responses

No response recorded.

History

  1. 2026-10-31Confirmed by Arxo
  2. 2026-10-31Entered in the register
  3. 2026-10-31Reported to Basel Committee on Banking Supervision (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0387, https://arxo.io/findings/ARXO-2026-0387/ (status as of 2026-10-31). Data: ARXO-2026-0387.json.