Prudential Regulation Authority Rulebook

1.

Institutions shall report the following information to their competent authority for each large exposure that they hold, including large exposures exempted from the application of Article 395(1):

1. (a) the identity of the client or the group of connected clients to which the institution has a large exposure;
2. (b) the exposure value before taking into account the effect of the credit risk mitigation, where applicable;
3. (c) where used, the type of funded or unfunded credit protection;
4. (d) the exposure value, after taking into account the effect of the credit risk mitigation calculated for the purposes of Article 395(1), where applicable.

Institutions that are subject to Chapter 3 of Title II of Part Three shall report their 20 largest exposures to their competent authority on a consolidated basis, excluding the exposures exempted from the application of Article 395(1).

Institutions shall also report exposures of a value greater than or equal to GBP 260 million but less than 10% of the institution's Tier 1 capital to their competent authority on a consolidated basis.

2.

In addition to the information referred to in paragraph 1 of this Article, institutions shall report the following information to their competent authority in relation to their 10 largest exposures to institutions on a consolidated basis, as well as their 10 largest exposures to shadow banking entities which carry out banking activities outside the regulated framework on a consolidated basis, including large exposures exempted from the application of Article 395(1):

1. (a) the identity of the client or the group of connected clients to which an institution has a large exposure;
2. (b) the exposure value before taking into account the effect of the credit risk mitigation, when applicable;
3. (c) where used, the type of funded or unfunded credit protection;
4. (d) the exposure value after taking into account the effect of the credit risk mitigation calculated for the purpose of Article 395(1), where applicable.

3.

Institutions shall report the information referred to in paragraphs 1 and 2 to their competent authority on at least a semi-annual basis.

4.

[Note: Provision left blank]

[Note: This rule corresponds to Article 394 of the CRR as it applied immediately before revocation by the Treasury.]