PART 9Minimum requirement for own funds and eligible liabilities

CHAPTER 4Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisor

Application and interpretation of Chapter 4133

1

This Chapter applies where the PRA or FCA is the consolidating supervisor in relation to a relevant group.

2

In this Chapter—

  • F1... “group entity” and “minimum requirement” have the same meaning for the relevant group as they have for a relevant group in Chapter 2;

  • F2“group institution” means an institution, other than a mortgage credit institution within the meaning given in Chapter 1, that—

    1. a

      is authorised by the PRA or FCA and

    2. b

      forms part of a relevant group;

  • “minimum consolidated requirement” means the minimum consolidated requirement (within the meaning given in Chapter 2) which is determined for the relevant group;

  • “netting arrangement” has the same meaning as in Chapter 2;

  • F3...

  • F3...