1

Application and Definitions

1.1

This Part applies to every firm that is a CRR firm.

1.2

In this Part the following definitions shall apply:

CRR permission

means a permission given to a firm by the PRA under any CRR Article listed in column B of the Tables in Schedules 1 and 2 in the exercise of the discretion afforded to it as a competent authority.

Waiver

means a direction waiving or modifying a rule given by the PRA under section 138A (waiver or modification of rules) FSMA.

1.3

Unless otherwise defined, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.