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Application provision

4.1 This Part applies to a firm on an individual basis whether or not it also applies to the firm on a consolidated basis.

4.1

01/10/2015

This Part applies to a firm on an individual basis whether or not it also applies to the firm on a consolidated basis.

4.1A

30/03/2018

If this Part applies to a firm on an individual basis, the firm must comply with the rules in this Part to the same extent and in the same manner as it is required to comply with the firm’s obligations laid down in Part Six of the CRR.

4.2

01/10/2015

A firm which is an EEA parent institution must comply with this Part on the basis of its consolidated situation.

4.3

01/10/2015

A firm controlled by an EEA parent financial holding company or by an EEA parent mixed financial holding company must comply with this Part on the basis of the consolidated situation of that holding company if:

  1. (1) there is no subsidiary of the holding company which is a credit institution that is supervised under the CRD; and
  2. (2) the PRA is responsible for the supervision of the UK designated investment firm on a consolidated basis under Article 111 of the CRD.

4.4

30/03/2018

If this Part applies to a firm on a consolidated basis or on a sub-consolidated basis, the firm must carry out consolidation to the same extent and in the same manner as it is required to comply with the obligations laid down in Part Six of the CRR on a consolidated basis or sub-consolidated basis.