4

Groups

4.1

[Deleted.]

4.2

A firm that is a member of a group must:

  1. (1A) comply with this Part on an individual basis;
  2. (1B) comply, and ensure that the other members of the group comply, with the obligations set out in this Part on a consolidated basis or sub-consolidated basis including those members of the group established in a country or territory which is not in an EEA State;
  3. (1) ensure that the risk management processes and internal control mechanisms of the other members of the group of which it is a member comply with the obligations set out in this Part on a consolidated basis or sub-consolidated basis including those members of the group established in a country or territory which is not in an EEA State; and
  4. (2) ensure that compliance with (1A), (1B) and (1) enables the members of the group of which it is a member to have arrangements, processes and mechanisms that are consistent and well integrated and that any data relevant to the purpose of supervision can be produced.

[Note: Arts. 92(1) and 109 of the CRD]

[Note: CRD]

4.4

For the purposes of the application of 4.2(1B), (1) and (2) in respect of the obligation to comply, and ensure other members of the group comply, with Chapter 16 on a consolidated basis, firm does not include a PRA approved parent holding company, a PRA designated parent holding company, a PRA approved intermediate holding company, or a PRA designated intermediate holding company.

[Note: Art. 109 of the CRD]