1
Application and Definitions
1.1
This Part applies to:
- (1) every firm that is a CRR firm; and
- (2) a CRR consolidation entity.
- 17/09/2021
1.2
A firm that is neither a subsidiary of a parent undertaking incorporated in or formed under the law of any part of the UK nor a parent undertaking must comply with this Part on an individual basis.
- 01/01/2016
1.3
A firm that is not a member of a consolidation group must comply with this Part on an individual basis.
- 01/01/2016
1.4
[deleted.]
- 17/09/2021
1.5
[deleted.]
- 17/09/2021
1.5A
A CRR consolidation entity must comply with this Part on a consolidated basis, and for that purpose, references to a firm in this Part (other than in 1.1 and 1.5A) mean a CRR consolidation entity.
- 17/09/2021
1.6
In this Part the following definitions shall apply:
means the advanced measurement approach referred to in Article 312(2) of the CRR.
defined benefit pension scheme
means an occupational pension scheme with benefits defined independently of the firm’s contributions as employer and investment returns.
means a firm’s written record of the assessments required under Internal Capital Adequacy Assessment.
has the meaning given in article 143(1) of the CRR.
has the meaning given in article 3(1) of the Regulated Activities Order.
Standardised Approach to credit risk
means the approach to credit risk set out in Chapter 2 of Title II of CRR.
- 31/12/2020