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

FCA 2013/xx
(3) (in BIPRU 12 (Liquidity standards), IFPRU and SYSC 19A
(Remuneration Code)) has the meaning in article 4(1)(15)
of the EU CRR.
participation (1) (for the purposes of UPRU and GENPRU and for the
purposes of BIPRU and INSPRU as they apply on a
consolidated basis):
…
(2) (in IFPRU) has the meaning in article 4(1)(35) of the EU
CRR.
position (1) (in accordance BIPRU 1.2.4R (Definition of the trading
book: Positions)) includes proprietary positions and
positions arising from client servicing and market making.
(2) (in IFPRU) has the meaning which it has, or is used, in the
EU CRR.
sectoral rules
(in relation to a financial sector) rules and requirements relating to
the prudential supervision of regulated entities applicable to
regulated entities in that financial sector as follows:
…
(d)
(in relation to prudential rules about consolidated
supervision for any financial sector) those requirements
include ones relating to the form and extent of
consolidation;
…
(h)
references to the appropriate regulator’s sectoral rules are
to sectoral rules in the form of rules and, as applicable, the
EU CRR.
securitisation (1) (subject to (2) and (3)) a process by which assets are sold to
a bankruptcy-remote special purpose vehicle in return for
immediate cash payment and that vehicle raises the
immediate cash payment through the issue of debt securities
in the form of tradable notes or commercial paper.
…
(3) (in IFPRU) has the meaning in article 4(1)(61) of the EU
CRR.
securitisation position (1) (in GENPRU and BIPRU) (in accordance with Article 4(40)
(Definitions) and Article 96 (Securitisation) of the Banking
Consolidation Directive) an exposure to a securitisation
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