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MIFIDPRU 9.4 Group capital test reporting


A GCT parent undertaking that is required to report on the group capital test under MIFIDPRU 2.6.10R must:

  1. (1)

    submit the data item specified in column (A) of the table in MIFIDPRU 9.4.2R to the FCA with the frequency specified in column (C) of that table;

  2. (2)

    complete the data item in (1) with data that show the position on the relevant reporting reference date specified in column (D) of the table in MIFIDPRU 9.4.2R; and

  3. (3)

    submit the data item in (1) before the submission deadline in column (E) of the table in MIFIDPRU 9.4.2R.


The following table belongs to MIFIDPRU 9.4.1R:

(A) Data item

(B) Data item description

(C) Reporting frequency

(D) Reporting reference dates

(E) Submission deadline


Group capital test reporting


Last business day:

(1) March;

(2) June;

(3) September;

(4) December

20 business days after the reporting reference date

  1. (1)

    This rule applies where:

    1. (a)

      a GCT parent undertaking is a responsible UK parent; and

    2. (b)

      MIFIDPRU 2.6.10R(2)(b)(i) applies in relation to a subsidiary of that responsible UK parent.

  2. (2)

    Where this rule applies, the responsible UK parent must submit an additional data item under MIFIDPRU 9.4.1R that shows the position of the subsidiary in (1)(b).


Where a GCT parent undertaking is required to submit data item MIF006 under MIFIDPRU 9.4.1R or 9.4.3R, it must submit that data item:

  1. (1)

    in the format specified in MIFIDPRU 9 Annex 1R; and

  2. (2)

    in accordance with the instructions in MIFIDPRU 9 Annex 2G.


Under MIFIDPRU 2.6.11R, a GCT parent undertaking may designate:1

  1. (1)

    a parent undertaking in the UK that is part of the investment firm group; or1

  2. (2)

    a MIFIDPRU investment firm that is part of the investment firm group and that is not a parent undertaking;1

to submit data items to the FCA on behalf of all GCT parent undertakings within the same investment firm group. However, each GCT parent undertaking remains responsible for ensuring the timely submission and accuracy of any data items submitted on its behalf.