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Application provision

5.1 This Part applies to a firm on an individual basis whether or not it also applies to the firm on a consolidated basis or sub-consolidated basis.

Application on an individual basis

5.1

01/05/2014

This Part applies to a firm on an individual basis whether or not it also applies to the firm on a consolidated basis or sub-consolidated basis.

5.1A

30/03/2018

If this Part applies to a firm on an individual basis, the firm must comply with the rules in this Part to the same extent and in the same manner as it is required to comply with the firm’s obligations laid down in Parts Two to Four and Part Seven of the CRR.

Application on a consolidated basis

5.2

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

A firm which is a UK parent institution must comply with this Part on the basis of its consolidated situation.

5.3

29/12/2020

5.4

29/12/2020

[Deleted.]

Sub-consolidation in cases of entities in third countries

Extent and manner of prudential consolidation

5.6

29/12/2020

If this Part applies to an Article 109 undertaking on a consolidated basis or on a sub-consolidated basis, the Article 109 undertaking must carry out consolidation to the same extent and in the same manner as it is required to comply with the obligations laid down in Parts Two to Four and Part Seven of the CRR on a consolidated basis or sub-consolidated basis.

Additional Notes


[Note: Art 129(1) (part) and 130(1) (part) of the CRD]