1
Application and Definitions
1.2
A firm that is neither a subsidiary of a parent undertaking incorporated in or formed under the law of any part of the UK nor a parent undertaking must comply with this Part on an individual basis.
- 01/01/2016
1.3
A firm that is not a member of a consolidation group must comply with this Part on an individual basis.
- 01/01/2016
1.4
The changes to this rule are effective from 23:00 on 31/12/2020.
A firm which is a UK parent institution must comply with this Part on a consolidated basis.
- 31/12/2020
1.5
The changes to this rule are effective from 23:00 on 31/12/2020.
A firm controlled by a UK parent financial holding company or a UK parent mixed financial holding company must comply with this Part on the basis of the consolidated situation of that holding company, if the PRA is responsible for supervision of the firm on a consolidated basis.
- 31/12/2020
1.6
In this Part the following definitions shall apply:
means the advanced measurement approach referred to in Article 312(2) of the CRR.
defined benefit pension scheme
means an occupational pension scheme with benefits defined independently of the firm’s contributions as employer and investment returns.
means a firm’s written record of the assessments required under Internal Capital Adequacy Assessment.
has the meaning given in article 143(1) of the CRR.
has the meaning given in article 3(1) of the Regulated Activities Order.
Standardised Approach to credit risk
means the approach to credit risk set out in Chapter 2 of Title II of CRR.
- 31/12/2020