1

Application and Definitions

1.1

This Part applies to every firm that is a CRR firm.

1.2

In this Part the following definitions shall apply:

CRR permission

means a permission given to a firm by the PRA under powers conferred on the PRA by the CRR.

1.3

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