1

Application and Definitions

1.1

This Part applies to:

  1. (1) every firm that is a CRR firm; and
  2. (2) a CRR consolidation entity.

1.1A

A CRR consolidation entity must comply with this Part in respect of a CRR permission that applies on a consolidated basis and for this purpose, references to a firm in this Part (other than in 1.1 and 1.1A) mean a CRR consolidation entity.

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.