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

FCA 2013/xx
Disclosure: Operational risk
11.5.14 R The following information must be disclosed by a firm on operational risk:
(1) the approaches for the assessment of the operational risk capital
requirement that the firm qualifies for; and
(2) if the firm uses the advanced measurement approach:
(a)
(b)
a description of the methodology used in the advanced
measurement approach, including a discussion of relevant
internal and external factors considered in the firm's
measurement approach; and
in the case of partial use, the scope and coverage of the
different methodologies used.
[Note: BCD Annex XII Part 2 point 11] [deleted]
…
11.5.20 R …
…
[Note: The appropriate regulator has given guidance for the purpose of
providing a framework for complying with the disclosure requirements of
BIPRU 11.5.18R in accordance with the proportionality test set out in
BIPRU 11.5.20R(2). The guidance divides firms into four levels, and
indicates which requirements should be complied with for each level. This
was published as finalised guidance FG12/19 'General Guidance on
Proportionality'. and is available at
http://www.bankofengland.co.uk/PRA/Pages/publications/default.aspx .
Feedback on CP10/27 and final rules' and is available at
http://www.bankofengland.co.uk/PRA/Pages/publications/default.aspx]
11.6 Qualifying requirements for the use of particular instruments or
methodologies
…
Disclosure: Insurance for the purpose of mitigating operational risk
11.6.6 R A firm using the advanced measurement approach for the calculation of its
operational risk capital requirement must disclose a description of the use
of insurance and other risk transfer mechanisms for the purpose of
mitigating the risk.
[Note: BCD Annex XII Part 3 point 3] [deleted]
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