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BIPRU 8.1 Application

BIPRU 8.1.1 R RP

1This chapter applies to:

  1. (1)

    a BIPRU firm that is a member of a UK consolidation group;

  2. (2)

    a BIPRU firm that is a member of a non-EEA sub-group;

  3. (3)

    an ELMI that is a member of a UK consolidation group or non-EEA sub-group if that group includes a BIPRU firm; and

  4. (4)

    a firm that is not a BIPRU firm and is a parent financial holding company in a Member State in a UK consolidation group.

BIPRU 8.1.2 R RP

This chapter does not apply to a firm in BIPRU 8.1.1R (1) to BIPRU 8.1.1R (3) which is a member of the UK consolidation group or non-EEA sub-group if the interest of the relevant UK consolidation group or non-EEA sub-group in that firm is no more than a participation.

Purpose

BIPRU 8.1.3 G RP

This chapter implements articles 71, 73(1) and (2), 125, 126, 127(1), 133 and 134 of the Banking Consolidation Directive and articles 2 (in part), 22-27 and 37(1) (in part) of the Capital Adequacy Directive.

How this chapter is organised

BIPRU 8.1.4 G

BIPRU 8.2 sets out the definition of UK consolidation group and the basic requirement to apply financial resources and concentration risk requirements to that group on a consolidated basis.

BIPRU 8.1.5 G

BIPRU 8.3 sets out the definition of a non-EEA sub-group and the basic requirement to apply financial resources and concentration risk requirements to that group on a consolidated basis.

BIPRU 8.1.6 G

BIPRU 8.4 sets out how a group of CAD investment firms can apply for a waiver from consolidated capital requirements although remaining subject to consolidated supervision (including reporting requirements).

BIPRU 8.1.7 G

BIPRU 8.5 sets out the basis for including and excluding undertakings within the group for the purposes of consolidation.

BIPRU 8.1.8 G

BIPRU 8.6 sets out the calculation of the consolidated capital resources of a group and the limits that apply.

BIPRU 8.1.9 G

BIPRU 8.7 sets out the calculation of the consolidated capital resources requirement of a group.

BIPRU 8.1.10 G

BIPRU 8.8 deals with the application of advanced prudential calculation approach on a consolidated basis.

BIPRU 8.1.11 G

BIPRU 8.9 sets out consolidated concentration risk requirements.

Consolidation requirements for BIPRU firms elsewhere in the Handbook

BIPRU 8.1.12 G

SYSC 12 (Group risk systems and controls requirement) deals with systems and controls requirements for groups.

BIPRU 8.1.13 G

GENPRU 1.2 (Adequacy of financial resources) deals with the detail about how GENPRU 1.2 applies on a consolidated basis although the underlying requirement to apply it on a consolidated basis is in BIPRU 8.2 and BIPRU 8.3.

BIPRU 8.1.14 G

BIPRU 11 (Disclosure) itself deals with how that chapter is applied on a consolidated basis.

BIPRU 8.1.15 G

GENPRU 3.1 (Cross sector groups) deals with financial conglomerates.

BIPRU 8.1.16 G

GENPRU 3.2 (Prudential rules for third country groups) deals, amongst other things, with banking and investment services groups headed by a parent undertaking outside the EEA.