Part

Designation

Printed on: 29/04/2024

Rulebook at: 31/12/2020

Related links

PS29/20 - Capital Requirements Directive V (CRD V) https://www.bankofengland.co.uk/prudential-regulation/publication/2020/capital-requirements-directive-v-further-implementation
PS30/20 - The Bank of England’s amendments under the European Union (Withdrawal) Act 2018: Changes before the end of the transition period https://www.bankofengland.co.uk/prudential-regulation/publication/2020/uk-withdrawal-from-the-eu-changes-before-the-end-of-the-transition-period

Chapters

  • 1 Application and Definitions
  • 2 Consolidation Requirements

1

Application and Definitions

1.1

This Part applies to a CRR firm controlled by a UK parent financial holding company or a UK parent mixed financial holding company that would be under an obligation to comply with CRR requirements on a consolidated basis if Article 11(2) CRR was in force as it had effect in the UK on 27 December 2020.

  • 31/12/2020

1.2

[Deleted.]

  • 31/12/2020

2

Consolidation Requirements

2.1

Subject to 2.2, a firm must comply with all CRR consolidation requirements with which its UK parent financial holding company or UK parent mixed financial holding company would be required to comply if it was approved or designated under Part 12B FSMA for the purpose of ensuring that CRR requirements are applied on a consolidated basis.

  • 31/12/2020

2.2

A firm is not required to comply with 2.1 if the PRA has approved or designated under Part 12B FSMA another undertaking within the firm’s consolidation group for the purpose of ensuring that CRR requirements are applied on a consolidated basis.

  • 28/12/2020