Content Options

Content Options

View Options

Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

master netting agreement internal models approach

    40one of the following:

      1. (a) the method of calculating the effect of credit risk mitigation described in BIPRU 5.6.16 R to BIPRU 5.6.28 G;
      1. (b) (where the approach in (a) is being applied on a consolidated basis) the method in (a) as applied on a consolidated basis in accordance with BIPRU 8 (Group risk - consolidation); or
      1. (c) when the reference is to the rules of or administered by a regulatory body other than the152 appropriate regulator,152 whatever corresponds to the approach in (a) or (b), as the case may be, under those rules.