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Term Definition Legal instruments

core UK group


means all counterparties that:

(a) are listed in a firm’s core UK group permission;

(b) in relation to a firm, satisfy the conditions in Article 113(6) of the CRR; and

(c) in respect of which exposures are exempted, under Article 400(1)(f) of the CRR, from the application of Article 395(1) of the CRR.