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

FCA 2013/xx
(2) (for a IFPRU investment firm (unless it is an IFPRU
limited-activity firm or IFPRU limited-licence firm, or an
exempt IFPRU commodities firm to which article 493(1) of
the CRR (Transitional provision for large exposures)
apply)) all counterparties which satisfy the conditions in
article 113(6) of the CRR (Calculation of risk weighted
exposure amounts: intragroup) and for which exposures are
exempted, under article 400(1)(f) of the CRR (Large
exposures: exemptions), from the application of article
395(1) of the CRR (Limits to large exposures).
core UK group waiver
(in BIPRU) a waiver that has the result of requiring a firm to apply:
(a)
(b)
(in relation to the credit risk capital requirement) BIPRU
3.2.25R (Zero risk-weighting for intra-group exposures:
core UK group), which in summary allows a firm to assign
a risk weight of 0% to exposures to members of its core UK
group instead of complying with BIPRU 3.2.20R
(Calculation of risk-weighted exposure amounts under the
standardised approach); or
(in relation to large exposures) BIPRU 10.8A (Intra-group
exposures: core UK group), which in summary exempts all
exposures between members of a core UK group from the
limits described in BIPRU 10.5 (Limits on exposures).
CRD (1) (in GENPRU (except in GENPRU 3 (Cross sector groups)
and BIPRU (except in BIPRU 12 (Liquidity standards)) the
Capital Adequacy Directive and the Banking Consolidation
Directive.
(2) (except in (1)) the Directive of the European Parliament and
the Council of 26 June 2013 on access to the activity of
credit institutions and the prudential supervision of credit
institutions and investment firms (No 2013/36/EU) and
amending Directive 2002/87/EC and repealing Directives
2006/48/EC and 2006/49/EC.
credit institution (1) (except in REC, GENPRU, BIPRU and IFPRU) (in
accordance with articles 4(1) and 107 of the BCD):
(a)
(d)
an undertaking whose business is to receive deposits
or other repayable funds from the public and to grant
credits for its own account; or
for the purpose of BIPRU 10 (Large exposures
requirements) it means:
(i)
a credit institution defined by (1)(a) to (1)(b)
that has been authorised in an EEA State;
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