Prudential Regulation Authority Rulebook

1.

An institution that does not meet or does not expect to meet the requirements set out in Article 412, Article 413(1) or Article 428b(2), including during times of stress, shall:

1. (a) notify the competent authority thereof without delay; and
2. (b) submit to the competent authority without undue delay a plan for the restoration of compliance, within a time period that is consistent with the anticipated duration of the stress, with the requirements set out in Article 412, Article 413(1) or Article 428b(2) as appropriate.

2.

An institution that complies with paragraph 1 shall be deemed to have met the requirements in 2.4 and 2.5 of the Notifications Part of the PRA Rulebook in so far as they relate to the requirements set out in Article 412, Article 413(1) or Article 428b(2) (as applicable).

3.

An institution with total assets:

1. (a) equal to or greater than GBP 5 billion on an individual basis or consolidated basis must be capable at all times of reporting to the competent authority at a daily frequency by the end of the business day all of the following templates:
1. (i) (unless it is an SDDT or an SDDT consolidation entity) Annex XVIII Template C 70 as specified in the Reporting (CRR) Part of the PRA Rulebook;
2. (ii) Annex XXIV Templates C 72, C 73, C 74, C 75 and C 76 as specified in the Reporting (CRR) Part of the PRA Rulebook; and
3. (iii) data item PRA 110 as specified in the Regulatory Reporting Part;
2. (b) of less than GBP 5 billion on an individual basis or consolidated basis must be capable at all times of reporting to the competent authority data item PRA 110 as specified in the Regulatory Reporting Part at a weekly frequency by the end of the business day.

[Note: This rule corresponds to Article 414 of the CRR as it applied immediately before revocation by the Treasury.]