Prudential Regulation Authority Rulebook

1.

Institutions shall have in place clearly defined policies and procedures for determining which position to include in the trading book for the purposes of calculating their capital requirements, in accordance with the requirements set out in Article 102 and the definition of trading book in accordance with point (86) of Article 4(1), taking into account the institution's risk management capabilities and practices. The institution shall fully document its compliance with these policies and procedures and shall subject them to periodic internal audit.

2.

[Note: Provision left blank]

[Note: This rule corresponds to Article 104 of the CRR as it applied immediately before revocation by the Treasury.]