Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to every firm that is a CRR firm.

1.2

In this Part the following definitions shall apply:

Side agreement

means any document containing an agreement or other arrangement, including a proposed agreement or other arrangement, related to the capital instrument (whether or not explicitly referred to in the instrument) which could affect the assessment of compliance of the instrument with Part Two of CRR.

Small specialist bank

a bank that has capital resources equal to or in excess of the base capital resources requirement for a small specialist bank in 12.1 but less than the base capital resources requirement of a bank and that carries out one or more of the following activities:

1. (1) provides current and savings accounts;
2. (2) lending to small and medium-sized enterprises;
3. (3) lending secured by mortgages on residential property.

1.3

Unless otherwise defined, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.