Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to all firms.

1.2

In this Part, the following definitions shall apply:

branch

has the meaning specified in Article 4(1)(17) of the CRR.

cross border services

means:

1. (1) (in relation to a UK firm) services provided within an EEA State other than the UK under the freedom to provide services; and
2. (2) (in relation to an incoming EEA firm or an incoming Treaty firm) services provided within the UK under the freedom to provide services.

prudential context

means, in relation to activities carried on by a firm, the context in which the activities have, or might reasonably be regarded as likely to have, a negative effect on:

1. (1) the safety and soundness of firms; or
2. (2) the ability of the firm to meet either:
1. (a) the "fit and proper" test in threshold conditions 4E and 5E (Suitability); or
2. (b) the applicable requirements and standards under the regulatory system relating to the firm’s financial resources.