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Application provision

1.1 This Part applies to a UK designated investment firm.



In accordance with Article 6(4) and Article 11(3) of the CRR, a firm is exempt from complying with the obligations laid down in Title II and Title III of Part Six of the CRR on an individual basis and on a consolidated basis.



  1. (1) A firm must comply with the reporting requirements laid down in Chapter 1 and Chapter 7 to Chapter 9 of the COREP Regulation with the exception of Article 15 as they apply to a credit institution supervised under the CRD.
  2. (2) For the purpose of (1), a reference to Article 415 of the CRR in the COREP Regulation is construed as a reference to the obligations set out in (1).