Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to a CRR firm

1. (1) with respect to the carrying on of the following from an establishment in the UK:
1. (a) regulated activities;
2. (b) activities that constitute dealing in investments as principal, disregarding the exclusion in article 15 of Regulated Activities Order;
3. (c) ancillary activities;
4. (d) in relation to MiFID business, ancillary services; and
5. (e) unregulated activities in a prudential context;
2. (2) [deleted.]
3. (3) in a prudential context with respect to activities wherever they are carried on; and
4. (4) taking into account any activity of other members of a group of which the firm is a member.

1.1A

2.1A to 2.2B do not apply to a firm with respect to the carrying on of benchmarking activities except to the extent that before IP completion day, they were made to transpose an EU instrument.

1.2

In this Part, the following definitions shall apply:

Article 23 Risk Control Requirements

means requirements and obligations as set out in Article 23 (Risk Management) of the MODR.

other matters

means, in relation to a requirement under the MODR, matters within the scope of 1.1 that are not within the scope of that requirement.