4
Materiality of non-compliance
4.1
Where a firm seeks to demonstrate to the PRA that the effect of its non-compliance with the requirements of CRR Title II Chapter 3 is immaterial under CRR Article 146(b), the PRA expects it to have taken into account all instances of non-compliance with the requirements of the IRB approach and to have demonstrated that the overall effect of non-compliance is immaterial.
(CRR Article 146(b))
- 01/01/2022