Close menu

Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) every firm that is a UK bank or a building society that, on the firm’s last accounting reference date, had retail deposits equal to or greater than £50 billion either on:
    1. (a) an individual basis;
    2. (b) if the firm is a parent institution in a Member State, on the basis of its consolidated situation; or
    3. (c) if the firm is controlled by a parent financial holding company in a Member State or by a parent mixed financial holding company in a Member State and  the PRA is responsible for supervision of that holding company on a consolidated basis under Article 111 of the CRD, on the basis of the consolidated situation of that holding company; and
  2. (2) a ring-fenced body that is a member of a group containing a firm falling within 1.1(1).

1.1

01/01/2019

Unless otherwise stated, this Part applies to:

  1. (1) every firm that is a UK bank or a building society that, on the firm’s last accounting reference date, had retail deposits equal to or greater than £50 billion either on:
    1. (a) an individual basis;
    2. (b) if the firm is a parent institution in a Member State, on the basis of its consolidated situation; or
    3. (c) if the firm is controlled by a parent financial holding company in a Member State or by a parent mixed financial holding company in a Member State and  the PRA is responsible for supervision of that holding company on a consolidated basis under Article 111 of the CRD, on the basis of the consolidated situation of that holding company; and
  2. (2) a ring-fenced body that is a member of a group containing a firm falling within 1.1(1).

1.2

01/10/2018

In this Part, the following definitions shall apply:

average leverage ratio

means the average leverage ratio calculated in accordance with 3.2 or 4.2, as applicable. 

leverage ratio

has the meaning given in Leverage Ratio 1.2

quarterly reference date

means 31 March, 30 June, 30 September and 31 December.

remittance date

means 12 May, 11 August, 11 November or 11 February.

retail deposits

has the meaning given in Leverage Ratio 1.2.

tier 1 capital

has the meaning given in Leverage Ratio 1.2.

total exposure measure

has the meaning given in Leverage Ratio 1.2.

1.3

01/01/2016

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