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

FCA 2013/xx
third country
countercyclical
authority
tier 2 capital
tier 2 instruments
total risk exposure
amount
UK countercyclical
buffer authority
UK designated
investment firm
UK parent mixed
financial holding
company in a Member
State
the authority of a third country empowered by law or regulation
with responsibility for setting the countercyclical buffer rate for
that third country.
as defined in article 71 of the CRR.
a capital instrument that qualify as tier 2 instruments under article
62 of the CRR.
the total risk exposure amount of a firm calculated in accordance
with article 92(3) of the CRR (Own funds requirements).
the [Bank / FPC] designated for the purpose of Article 136 of the
CRD with responsibility for setting the countercyclical buffer rate
for the UK.
(in BIPRU 12) a designated investment firm which is a body
corporate or partnership formed under the law of any part of the
UK.
a parent mixed financial holding company in a Member State
where the EEA State in question is the UK.
Amend the following definitions as shown.
ancillary services
undertaking
(1) (in accordance with Article 4(21) of the Banking
Consolidation Directive (Definitions) for the purpose of
GENPRU (except in GENPRU 3) and BIPRU (except in
BIPRU 12) and subject to (2)) and in relation to an
undertaking in a consolidation group, sub-group or another
group of persons) an undertaking complying with the
following conditions:
…
(3) (except in (1)) has the meaning in article 4(1)(18) of the EU
CRR.
base capital resources
requirement
(except in IPRU(INV)) an amount of capital resources that an
insurer must hold as set out in GENPRU 2.1.30R (Table: Base
capital resources requirement for an insurer) or a BIPRU firm must
hold under GENPRU 2.1.41R (Base capital resources requirement
for a BIPRU firm) and GENPRU 2.1.48R (Table: Base capital
resources requirement for a BIPRU firm) or, as the case may be,
GENPRU 2.1.60R (Calculation of the base capital resources
requirement for banks authorised before 1993).
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