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

FCA 2013/xx
within the meaning of paragraph (2) of the definition of
securitisation; and so that:
…
(2) (in IFPRU) has the meaning in article 4(1)(62) of the EU
CRR.
senior management (1) (in BIPRU 7.10 (Use of a value risk model) and in relation
to a firm) the firm’s governing body and those of the firm’s
senior managers and other senior management who have
responsibilities relating to the measurement and control of
the risks which the firm’s VaR model is designed to measure
or whose responsibilities require them to take into account
those risks.
(2) (in SYSC and IFPRU and in accordance with article 3(9) of
CRD) those persons who are a natural person and who
exercise executive functions in an institution and who are
responsible and accountable to the management body for
the day-to-day management of the institution.
solo capital resources
…
(2) for the purpose of BIPRU 10 (Large exposures
requirements) the definition in (1) is adjusted in accordance
with BIPRU 10.8A.10R (Calculation of capital resources
for a core UK group) so that it means capital resources
calculated in accordance with the rules applicable to the
category of BIPRU firm identified by applying the
procedure in BIPRU 8.6.6R to BIPRU 8.6.9R (Consolidated
capital resources). [deleted]
sponsor
…
(3) (in IFPRU) has the meaning in article 4(1)(14) of the EU
CRR.
subsidiary
…
(3) (in IFPRU) has the meaning in article 4(1)(16) of the EU
CRR.
supervisory review and
evaluation process
(1) the appropriate regulator’s assessment of the adequacy of
certain firms’ capital, as more fully described in BIPRU
2.2.9G (BIPRU firms) and INSPRU 7.1.91G to INSPRU
7.1.199G (insurers).
(2) the FCA’s assessment of the adequacy of an IFPRU
investment firm’s capital, as more fully described in IFPRU
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