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Application provision

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

2.1

01/01/2014

  1. (1) In carrying out the calculations in (Part One, Title II, Chapter 2 of the CRR) for the purposes of prudential consolidation, a firm must include the relevant proportion of an undertaking with whom it has an:
    1. (a) Article 12(1) relationship; or 
    2. (b) Article 18(6) relationship.
  2. (2) In 2.1(1), the relevant proportion is such proportion (if any) as stated in a requirement imposed on the firm in accordance with section 55M of FSMA.

Additional Notes


[Note: Art 18(3) and (6) of the CRR]

2.2

01/01/2014

In carrying out the calculations in Part One, Title II, Chapter 2 of the CRR for the purposes of prudential consolidation, a firm (for which the PRA is the consolidating supervisor) must include the proportion of the share of capital held of participations in institutions and financial institutions managed by an undertaking included in the consolidation together with one or more undertakings not included in the consolidation, where those undertakings' liability is limited to the share of capital they hold.

Additional Notes


[Note: Art 18(4) of the CRR]

2.3

01/01/2014

In carrying out the calculations in Part One, Title II, Chapter 2 of the CRR for the purposes of prudential consolidation, a firm must carry out a full consolidation of any undertaking with whom it has an Article 18(5) relationship.

Additional Notes


[Note: Art 18(5) of the CRR]