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

FCA 2013/xx
apply differently for different types of firms. [deleted]
(2) Where a firm's UK consolidation group or non-EEA sub-group is a
group identified at Stage 1 in BIPRU 8 Annex 5 R (Decision tree for
identifying the consolidated capital resources requirement of a UK
consolidation group or a non-EEA sub-group), the rules that apply are
those that apply to a bank that is a BIPRU firm. [deleted]
(3) Where a firm's UK consolidation group or non-EEA sub-group is a
group identified at Stage 2 in BIPRU 8 Annex 5R, the rules that apply
are those that apply to a full scope BIPRU investment firm. [deleted]
(4) Where a firm's UK consolidation group or non-EEA sub-group is a
group identified at Stage 3 in BIPRU 8 Annex 5R, the rules that apply
are those that apply to a BIPRU limited activity firm. [deleted]
(5) Where a firm's UK consolidation group or non-EEA sub-group is a
group identified at Stage 4 in BIPRU 8 Annex 5R, the rules that apply
are those that apply to a BIPRU limited licence firm. [deleted]
…
8.7.32 G Similarly BIPRU 8.7.30R may have the effect that the risk capital
requirement for a BIPRU firm is calculated differently from the way it is on a
solo basis. Thus for example if the risk capital requirement is being
calculated for a BIPRU limited licence firm that is a subsidiary undertaking
of a bank the risk capital requirement should be calculated using the rules for
a bank. [deleted]
…
8.8 Advanced prudential calculation approaches
…
Special provisions relating to the advanced measurement approach
8.8.5 R BIPRU 6.5.27 R(6) (Insurance should be provided by a third party entity for
the purposes of the advanced measurement approach) is amended to provide
that the insurance must be provided by an undertaking that is not in the same
group as the firm or other members of the UK consolidation group or non-
EEA sub-group. In the case of insurance through captives and affiliates, the
exposure must be laid off to an independent undertaking that is not in the
same group as the firm or other members of the UK consolidation group or
non-EEA sub-group, for example through reinsurance that meets the
eligibility criteria. [deleted]
8.8.6 G In the case of insurance through captives and affiliates, the exposure should
be laid off outside the firm's group to an independent third party. [deleted]
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