CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

FCA 2013/xx
that is not excluded under IFPRU 1.1.5R(Exclusion of certain
types of firms).
IFPRU limited-activity
firm
a limited activity firm that meets the following conditions:
(a)
(b)
it is a firm; and
its head office is in the UK and it is not otherwise excluded
under IFPRU 1.1.5R.
IFPRU limited-licence
firm
a limited licence firm that meets the following conditions:
(a)
(b)
it is a firm; and
its head office is in the UK and it is not otherwise excluded
under IFPRU 1.1.5R.
interest-rate contract
internal approaches
interest-rate contracts listed in paragraph 1 of Annex II to the CRR.
one or more of the following, as referred to in the CRR:
(1) the Internal Ratings Based Approach in article 143(1);
(2) the Internal Models Approach in article 221;
(3) the Advanced Measurement Approaches in article 312(2);
(4) the Internal Model Method and internal models in articles
283 and 363;
(5) the internal assessment approach in article 259(3).
management body
management body in its
supervisory function
MDA
model risk
non-core large
exposures group
(in accordance with article 3(7) of CRD) the governing body and
senior personnel of a CRR firm who are empowered to set the
firm’s strategy, objectives and overall direction, and which oversee
and monitor management decision-making.
the management body acting in its role of overseeing and
monitoring management decision-making.
the maximum distributable amount calculated in line with IFPRU
9.4.3R.
the potential loss an institution may incur, as a consequence of
decisions that could be principally based on the output of internal
models used under any of the internal approaches, due to errors in
the development, implementation or use of such models.
a direction given by the FCA under article 400(2)(c) of the CRR
(Large exposures: exemptions).
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