The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014

Identification of O-SIIsU.K.

This section has no associated Explanatory Memorandum

31.—(1) In order to assess whether a [F1particular group or body] (“the [F2relevant institution] ”) is an O-SII, the PRA must base its assessment on the systemic importance of the [F2relevant institution] on an individual, sub-consolidated or consolidated basis.

(2) The assessment of systemic importance must include a consideration of one or more of the following criteria—

(a)the size of the [F3relevant institution];

(b)the importance of the [F3relevant institution] to economy of the United Kingdom F4...;

(c)the significance of the [F5relevant institution’s] cross-border activities; and

(d)the interconnectedness of the [F3relevant institution], or [F6, in the case of an institution,] the group to which it belongs, with the financial system.

Textual Amendments