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

FCA 2013/xx
on the supervision carried out by such regulatory body; and .
(c)
under Article 38(1) of the Banking Consolidation Directive the
appropriate regulator should not apply to branches of credit
institutions having their head office outside the EEA, when
commencing or carrying on their business, provisions which
result in more favourable treatment than that accorded to
branches of credit institutions having their head office in the
EEA. [deleted]
…
(5) An overseas firm that is subject to equivalent supervision is subject
to the threshold conditions and the Principles. BIPRU and GENPRU
do not generally apply. However BIPRU 12 applies to a credit
institution with respect to liquidity risk in relation to its United
Kingdom branch.
BIPRU 1.1.11R to BIPRU 1.1.26R are deleted in their entirety. The deleted text is not
shown.
1.2 Definition of the trading book
…
1.2.2 G The Pursuant to the third paragraph of article 95(2) of the EU CRR, the
section implements certain provisions of the Capital Adequacy Directive and
the Banking Consolidation Directive relating to the trading book. The
precise provisions being implemented as listed as a note after each rule.
…
1.3 Applications for advanced approaches and waivers
…
1.3.2 G (1) A firm may apply for an Article 129 permission or a waiver in
respect of:
…
(b)
the advanced measurement approach;
…
(2) A firm should apply for a waiver if it wants to:
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