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

FCA 2013/xx
financial instrument (1) (other than in (2) and (3)) instruments specified in Section
C of Annex I to MiFID, that is:
…
(3) (in IFPRU) has the meaning in article 4(50) of the EU CRR.
general stress and
scenario testing rule
(1) (in GENPRU, BIPRU and INSPRU) GENPRU 1.2.42R
(Stress and scenario tests)
(2) (for the purpose of IFPRU) IFPRU 2.2.37R (Stress and
scenario tests).
group
…
(3) (for the purposes of SYSC 12 (Group risk systems and
controls requirement), SYSC 20 (Reverse stress testing) and
GENPRU 1.2 (Adequacy of financial resources) as
applicable to a BIPRU firm and in relation to a person “A”),
A and any person:
…
(3A)
(for the purposes of SYSC 12 (Group risk systems and
controls requirement) and SYSC 20 (Reverse stress testing),
as applicable to an IFPRU investment firm and IFPRU) and
in relation to a person “A”), A and any person:
(a) who falls into (1);
(b)
(c)
(d)
(e)
(f)
who is a member of the same financial
conglomerate as A;
who has a consolidation Article 12(1) relationship
with A;
who has a consolidation Article 12(1) relationship
with any person in (a);
who is a subsidiary of a person in (c) or (d);
whose omission from an assessment of the risks to A
of A’s connection to any person coming within (a)
to (e) or an assessment of the financial resources
available to such persons would be misleading.
group of connected
clients
(1) (in BIPRU) has the meaning given to it in BIPRU 10.3.5G.
(2) (in IFPRU) has the meaning in article 4(1)(39) of the EU
CRR.
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