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

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FCA 2013/xx Deductions from tiers one and two: Special treatment of material holdings and other items (BIPRU firm only) … 2.2.240 G The alternative calculation in GENPRU 2.2.239R(3) to (4) is only relevant to BIPRU 11 (Pillar 3 disclosures) and certain reporting requirements under SUP. However the deduction of material holdings at Part 2 of stage E of the capital resources table in the case of a BIPRU investment firm with an investment firm consolidation waiver has effect for all purposes. … Tier three capital: upper tier three capital resources (BIPRU firm only) 2.2.245 R This table belongs to GENPRU 2.2.244R. Tier two capital rule Adjustment … GENPRU 2.2.160R (Holder of a nondeferred share of a building society to be treated as senior creditor) … … Deductions from total capital: Illiquid assets (BIPRU investment firm only) 2.2.259 R GENPRU 2.2.259R to GENPRU 2.2.262G only apply to a BIPRU investment firm. … 2 Annex 4R Capital resources table for a BIPRU investment firm deducting material holdings … 2 Annex 5R Capital resources table for a BIPRU investment firm deducting illiquid assets … 2 Annex Capital resources table for a BIPRU investment firm with a waiver from Page 16 of 57
FCA 2013/xx 6R consolidated supervision … Part 2 of the capital resources calculation for an investment firm with a waiver from consolidated supervision … Note (4): The material holdings that must be deducted at part 2 of stage E are material holdings issued by undertakings which would have been members of the firm's UK consolidation group or non-EEA sub-group if the firm did not have an investment firm consolidation waiver if: (1) in relation to a BIPRU investment firm, the holding forms part of the undertaking's tier one capital resources; or … Note (6): The contingent liabilities that must be deducted by a firm at Part 1 of stage M are any contingent liabilities which the firm has in favour of BIPRU investment firms, financial institutions, asset management companies and ancillary services undertakings which would have been members of the firm's UK consolidation group or non-EEA sub-group if the firm did not have an investment firm consolidation waiver. … GENPRU TP 7 is deleted in its entirety. The deleted text is not shown. TP 8 Miscellaneous capital resources definitions for BIPRU firms … Preference shares 8.7 R A bank or BIPRU investment firm may treat a preference share as eligible for inclusion within stage B of the capital resources table (Perpetual noncumulative preference shares) if it would not otherwise be eligible if: (1) on 31 December 2006 the firm was subject to IPRU(BANK) or IPRU(INV); … (3) as at 31 December 2006 the firm included it, and was entitled to Page 17 of 57
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Financial Conduct Authority Consult
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We are asking for comments on this
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CP13/6 CRD IV for Investment Firms
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CRD IV for Investment Firms CP13/6
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FCA 2013/xx Annex A Prudential sour
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FCA 2013/xx (a) (b) deal on own acc
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FCA 2013/xx 1.1.14 G A firm also fa
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FCA 2013/xx connected with, its reg
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FCA 2013/xx 2.1 Application 2.1.1 R
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FCA 2013/xx (a) (b) (c) the nature
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FCA 2013/xx losses because its inco
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FCA 2013/xx 2.2.18 R A firm must ha
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FCA 2013/xx [Note: article 83(3) of
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FCA 2013/xx (b) (c) sudden and seve
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FCA 2013/xx (b) provide the resolut
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FCA 2013/xx between each firm which
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FCA 2013/xx in a number of risk cat
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FCA 2013/xx Capital planning 2.2.73
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FCA 2013/xx approving and actioning
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FCA 2013/xx financial situations or
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FCA 2013/xx activities (IFPRU 2.2.1
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FCA 2013/xx suggested. 2.3.17 G The
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FCA 2013/xx (3) what plan is in pla
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FCA 2013/xx 2.3.35 G For a firm tha
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FCA 2013/xx that considers the poss
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FCA 2013/xx unexpected cash flows l
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FCA 2013/xx (1) a failure by a firm
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FCA 2013/xx single counterparty; (b
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FCA 2013/xx (4) that it has in plac
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FCA 2013/xx that firm. Calculation
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FCA 2013/xx 3.2.8 R A firm must dem
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FCA 2013/xx 126(2), 178(1)(b), 243(
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FCA 2013/xx (1) whether there is an
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FCA 2013/xx 4.3.8 G A significant I
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FCA 2013/xx set out but are outside
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FCA 2013/xx requirements in article
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FCA 2013/xx standards for data qual
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FCA 2013/xx Definition of default:
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FCA 2013/xx Variable scalar conside
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FCA 2013/xx Data considerations 4.3
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FCA 2013/xx (b) (c) (eg, external a
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FCA 2013/xx will allow such cures t
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FCA 2013/xx and not be based purely
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FCA 2013/xx downturn conditions, a
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FCA 2013/xx Direct estimates of EAD
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FCA 2013/xx Netting 4.3.119 G For c
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FCA 2013/xx 4.3.131 G As with all a
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FCA 2013/xx Low default portfolios
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FCA 2013/xx Other requirements 4.3.
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FCA 2013/xx 4.4.4 G A firm should n
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FCA 2013/xx significant risk transf
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FCA 2013/xx risk transfer notificat
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FCA 2013/xx EU CRR) should be revie
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FCA 2013/xx being recognised or the
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FCA 2013/xx with traded debt instru
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FCA 2013/xx Duration of the credit
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FCA 2013/xx Track record and financ
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FCA 2013/xx Pledge of assets, takin
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FCA 2013/xx complete and stabilised
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FCA 2013/xx properties are diversif
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FCA 2013/xx assets are highly liqui
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FCA 2013/xx market asset when it co
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FCA 2013/xx Financial strength of t
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FCA 2013/xx (f) (g) The effect of t
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FCA 2013/xx (2) contains the rule t
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FCA 2013/xx 6.1.8 G The pricing mod
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FCA 2013/xx 6.2.3 G Futures, forwar
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FCA 2013/xx 6.2.11 G This table bel
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FCA 2013/xx (b) (c) equal to a frac
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FCA 2013/xx demonstrate this by hav
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FCA 2013/xx shifts for both VaR and
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FCA 2013/xx individual basis if it
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FCA 2013/xx material practical or l
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FCA 2013/xx the financial situation
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FCA 2013/xx consolidated situation
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FCA 2013/xx applications against ar
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FCA 2013/xx Calculation of counterc
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FCA 2013/xx connection with common
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FCA 2013/xx “Qn” indicates the
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FCA 2013/xx [9.7 Exemptions 9.7.1 G
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FCA 2013/xx Permission 1 Internal R
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FCA 2013/xx consolidated basis for
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FCA 2013/xx 15 Own funds requiremen
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FCA 2013/xx 3.4 R For the purposes
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FCA 2013/XX 7.1.18 R (1) A CRR firm
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FCA 2013/XX 12.4.-1R, BIPRU 12.4.5A
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FCA 2013/XX http://www.eba.europa.e
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FCA 2013/XX 19A.3.12 A 19A.3.12 B
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FCA 2013/XX 19A.3.29 R A firm must
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FCA 2013/XX … 19A.3.47 R (1) …
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FCA 2013/XX (b) (c) a firm's passpo
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FCA 2013/XX Remuneration policies m
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FCA 2013/XX 19C.3.1 R (1) A firm mu
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FCA 2013/XX Structured finance Lend
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FCA 2013/XX (b) in line with the ac
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FCA 2013/XX current and future risk
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FCA 2013/XX insurance to undermine
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FCA 2013/XX (1) is exceptional; (2)
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FCA 2013/XX component unless a subs
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[Note: article 91(3) of the CRD] FC
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PART A: INTRODUCTION & INTERPRETATI
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Table 1: Glossary of terms defined
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PART C: LEVELS PROCESS FOR DIVIDING
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solo Remuneration Code firm. (2) Wh
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Disapplication of certain remunerat
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(5) Sub-paragraph (6) applies where
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APPENDIX 1: SUPPLEMENTAL GUIDANCE O
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This document has no legal effect a
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GENERAL GUIDANCE ON PROPORTIONALITY
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PART A: INTRODUCTION & INTERPRETATI
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Table 1: Defined expression group G
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proportionality rule. Part-year Rem
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(d) The rule on guaranteed variable
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APPENDIX 1: PILLAR 3 DISCLOSURE REQ
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CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

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