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

FCA 2013/xx
as it applies to the IRB approach. In particular, it implements) in part:
…
4.1.4 G Similarly, BIPRU 4 also implements Article 40 of the Capital Adequacy
Directive as it applies to the IRB approach.
…
4.2 The IRB approach: High level material
…
4.2.33 G (1) This guidance sets out at what level the tests in BIPRU 4.2.30R –
BIPRU 4.2.32G will be applied in the case of a firm that is a member
of a group that is part of a bigger group. [deleted]
(2) If an EEA banking and investment group for which the appropriate
regulator is the lead regulator is part of a wider EEA banking and
investment group for which the appropriate regulator is also lead
regulator then BIPRU 4.2.30R – BIPRU 4.2.32G apply with respect
to that wider group. [deleted]
(3) If an EEA banking and investment group for which the appropriate
regulator is the lead regulator is part of a wider EEA banking and
investment group for which another competent authority is lead
regulator then BIPRU 4.2.26R(4) applies with respect to that wider
group but the requirements of that lead regulator will generally apply
in place of BIPRU 4.2.30R - BIPRU 4.2.32G. [deleted]
(4) If an EEA banking and investment group for which the appropriate
regulator is the lead regulator is part of a wider third-country
banking and investment group that is subject to equivalent
supervision by a regulatory authority outside the EEA, then BIPRU
4.2.26R(4) applies with respect to both that wider group and the
sub-group of which the appropriate regulator is lead regulator.
However the requirements of that third country regulator apply in
place of BIPRU 4.2.30R - BIPRU 4.2.32G. The question of whether
supervision is equivalent is decided in accordance with GENPRU 3.2
(Third country groups). [deleted]
(5) If an EEA banking and investment group for which the appropriate
regulator is the lead regulator is part of a wider third-country
banking and investment group that is not subject to equivalent
supervision by a regulatory authority outside the EEA, then BIPRU
4.2.30R - BIPRU 4.2.32G will apply. BIPRU 4.2.30R – BIPRU
4.2.32G will apply to the whole group if GENPRU 3.2.9R
(Supervision by analogy) applies. If GENPRU 3.2.4G (Alternative
measures) applies, BIPRU 4.2.30R - BIPRU 4.2.32G will apply to
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