4
Risk Concentration and Intra-Group Transactions
4.1
This Chapter applies to a firm that is a member of a financial conglomerate in respect of which a PRA financial conglomerate notification has been issued.
[Note: Art 7(2) and Art 8(2) of the Financial Groups Directive]
- 01/01/2016
4.2
A firm that is a member of a UK regulated EEA financial conglomerate headed by a mixed financial holding company must ensure compliance with the sectoral rules, identified for these purposes in the table at 4.3, regarding risk concentration and intra-group transactions of the most important financial sector in that financial conglomerate with respect to that financial sector as a whole, including the mixed financial holding company.
[Note: Art 7(4) and Art 8(4) of the Financial Groups Directive]
- 01/01/2016
4.3
Table: application of sectoral rules
| The most important financial sector | Applicable sectoral rules | |
|---|---|---|
| Risk concentration | Intra-group transactions | |
| Banking and investment services sector | CRR | Part Four of the CRR |
| Insurance sector | Group Supervision 16.1 | Group Supervision 16.2 |
| Note | Any waiver granted to a member of the financial conglomerate, on an individual or consolidated basis, shall not apply in respect of the financial conglomerate for the purposes of 4.2. | |
[Note: Art 7(4) and Art 8(4) of the Financial Groups Directive]
- 01/01/2016