Glossary
Looking for the right term then try the glossary:
| Term | Definition | Legal instruments |
|---|---|---|
|
prudential context 19/06/2014 |
THIS DEFINITION ONLY APPLIES TO THE FUNDAMENTAL RULES PART
means, in relation to activities carried on by a firm, the context in which the activities have, or might reasonably be regarded as likely to have, a negative effect on: (1) the safety and soundness of firms; or (2) the ability of the firm to meet either: (a) the "fit and proper" test in threshold conditions 4E and 5E (Suitability); or (b) the applicable requirements and standards under the regulatory system relating to the firm's financial resources. |