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Term Definition Legal instruments

applicable sectoral rules

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE FINANCIAL CONGLOMERATES PART

means in respect of a financial sector, applicable sectoral consolidation rules for that financial sector and the PRA’s sectoral rules about capital adequacy and solvency for:

(1) the banking and investment services sector as set out in paragraph 6.2 of Annex 2 to this Part; or

(2) the insurance sector as set out in paragraph 6.4 of Annex 2 to this Part;

which of those sets of rules apply for the purpose of a particular calculation depends on the nature of that calculation.