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

CRD IV for Investment Firms
CP13/6
Permission FCA Rule (rule waiver or modification) CRR article
Permission to revert to the
use of a less sophisticated
approach for credit risk
Traditional securitisation –
recognition of significant
risk transfer
Synthetic securitisation –
recognition of significant
risk transfer
Securitisations of revolving
exposures with early
amortisation provisions –
similar transactions
Permission to revert to the
use of a less sophisticated
approach for operational
risk
Combined use of different
approaches for operational
risk – standardised
approach and basic
indicator approach
Waiver of the 3 year average
for calculating the own
funds requirement under
the basic indicator approach
for operational risk
Waiver of the 3 year average
for calculating the own
funds requirement under
the standardised approach
for operational risk
Own funds requirements
for position risk for options
and warrants on:
a. interest rates;
a. debt instruments;
a. equities;
a. equity indices;
a. financial futures;
a. swaps; and
a. foreign currencies
• BIPRU 4.2.23R (as modified in accordance with
BIPRU 4.2.25G)
• BIPRU 4.2.24R (as modified in accordance with
BIPRU 4.2.25G)
• BIPRU 9.4.11R
• BIPRU 9.4.12R
(subject to conditions in BIPRU 9.4.15D)
• BIPRU 9.5.1R (6) and(7)
• (subject to conditions in BIPRU 9.5.1B D)
• BIPRU 9.13.11R
• BIPRU 9.13.13R
• BIPRU 9.13.14R
• BIPRU 9.13.15R
• BIPRU 9.13.16R
• BIPRU 9.13.17R (subject to conditions in BIPRU
9.13.18G)
• BIPRU 6.2.5R (as modified in accordance with
BIPRU 6.2.6G)
• BIPRU 6.2.7R (as modified in accordance with
BIPRU 6.2.8G)
• BIPRU 6.2.12R (as modified in accordance with
BIPRU 6.2.13G)
• BIPRU 6.3.2R (as modified in accordance with
BIPRU 6.3.9G)
• BIPRU 6.4.5R (as modified in accordance with
BIPRU 6.4.8G)
• BIPRU 7.9 applies to a firm with a CAD1 model
waiver.
• Rules waived or modified:
(a) GENPRU 2.1.52R
(b) BIPRU 7.6.1R
Art. 149
Art. 243 par. 2, 3, 4
and 5
Art. 244, par. 2, 3,
4 and 5
Art. 256.7
Art. 313
Art. 314.4
Art. 315
Art. 317.4
Art. 329
Financial Conduct Authority July 2013
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