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

FCA 2013/xx
purpose of the 5% test in BIPRU 1.2.17R (Definition of the trading
book). [deleted]
(4) The test in (1)(c) should be carried out in the same way as it is for the
purpose of the 5% test in BIPRU 1.2.17R (Definition of the trading
book). [deleted]
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3 Standardised credit risk
3.1 Application and purpose
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3.1.2 G Pursuant to the third paragraph of article 95(2) of the EU CRR, BIPRU 3
implements:
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3.2 The central principles of the standardised approach to credit risk
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3.2.25A G (1) Firms are referred to BIPRU 10.8A (Intra-group exposures: core UK
group) under which exposures within the core UK group are exempt
from the limits described in BIPRU 10.5 (Limits on exposures) if
they would be assigned a risk weight of 0% under BIPRU 3.2.25R.
[deleted]
…
3.2.27A G …
(2) Therefore, a firm that is applying for a core UK group waiver should
demonstrate that it meets the conditions in BIPRU 3.2.25R and
BIPRU 10.8A for establishing a core UK group. A firm that is
granted a core UK group waiver may rely on it for the purpose of
assigning a risk weight of 0% to exposures within its core UK group
and for the purpose of exempting the exposures within the core UK
group from the 25% large exposure limit. [deleted]
(2) In relation to a counterparty that is not a firm, the arrangements
referred to in (1) must include a legally binding agreement with each
firm that is a member of the core UK group that it will promptly on
demand by the firm increase the firm's capital resources by an
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