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FCA Handbook
BIPRU
BIPRU TP 25 Exclusions from consolidation

BIPRU TP 25 Exclusions from consolidation

		1Application
25.1	R	This section applies to a firm to which BIPRU 8 (Group risk - consolidation) applies.
		Duration of transitional
25.2	R	This section applies until 1 January 2008. However BIPRU TP 25.8R continues in force until it is revoked.
		Transitional rule
25.3	R	[deleted]
25.4	R	[deleted]
	Limitations
25.5	R	[deleted]
	Obligation to meet other qualifying conditions
25.6	R	[deleted]
	Notification of relevance etc of concession
25.7	R	[deleted]
	Small balance sheet size exclusion
25.8	R	If a firm excluded a member of its UK consolidation group or non-EEA sub-group from the firm's UK consolidation group in accordance with:
		(1)	bullet point two of paragraph 6 of section 4 of Chapter CS of IPRU(BANK) (exclusion from consolidation where combined balance sheet is below certain thresholds);
		(2)	IPRU(INV) 14.2.5R(1) (exclusion from consolidation where combined balance sheet is below certain thresholds); or
		(3)	a written consent or approval by the appropriate regulator under IPRU(BSOC) on the ground set out in indent two of Article 52(3) of the Directive 2000/12 (the previous version of the Banking Consolidation Directive) (exclusion from consolidation where combined balance sheet is below certain thresholds);
		the firm need not notify the appropriate regulator under BIPRU 8.5.9 R (exclusion from consolidation where combined balance sheet is below certain thresholds) as long as it has notified the appropriate regulator of its intention to take advantage of this rule and that notice complies with BIPRU TP 25.4R.