Prudential Regulation Authority Rulebook

6.1

For the purposes of Article 178(1)(b) of the CRR, a firm must assess a credit obligation past due as material if:

1. (1) for retail exposures:
1. (a) the sum of all amounts past due owed by an obligor to the firm, any parent undertaking of the firm or any subsidiary of the firm is greater than £0; and
2. (b) the amount of the credit obligation past due in relation to the total amount of all on-balance sheet exposures to that obligor of the firm, any parent undertaking of the firm or any subsidiary of the firm, excluding equity exposures, is greater than 0%;
2. (2) for non-retail exposures:
1. (a) the sum of all amounts past due owed by an obligor to the firm, any parent undertaking of the firm or any subsidiary of the firm is greater than EUR 500 sterling equivalent; and
2. (b) the amount of the credit obligation past due in relation to the total amount of all on-balance sheet exposures to that obligor of the firm, any parent undertaking of the firm or any subsidiary of the firm, excluding equity exposures, is greater than 1%.

[Note: Arts. 178(1)(b) and 178(2)(d) of the CRR]