Related provisions for IFPRU 10.6.5
1 - 8 of 8 items.
(1) In carrying out the calculations for the purposes of Part One, Title II, Chapter 2 of the EU CRR (Prudential consolidation), a firm must include the relevant proportion of an undertaking with whom it has:(a) a consolidation Article 12(1) relationship; or(b) an article 18(6) relationship. (2) In (1), the relevant proportion is such proportion (if any) as stated in a requirement imposed on the firm.[Note: article 18(3) and (6) of the EU CRR]
In carrying out the calculations for the purposes of Part One, Title II, Chapter 2 of the EU CRR (Prudential consolidation), a firm (for whom the FCA is the consolidating supervisor) must include the proportion according to the share of capital held of participations in institutions and financial institutions managed by an undertaking included in the consolidation together with one or more undertakings not included in the consolidation, where those undertakings' liability is limited
In carrying out the calculations for the purposes of Part One, Title II, Chapter 2 of the EU CRR (Prudential consolidation), a firm (for whom the FCA is the consolidating supervisor) must carry out a full consolidation of any undertaking with whom it has an article 18(5) relationship.[Note: article 18(5) of the EU CRR]
The FCA will assess applications to exclude entities from the scope of prudential consolidation against article 19(2) of the EU CRR on a case-by-case basis. The FCA will only grant this treatment with respect to undertakings where one of the conditions in article 19(2) is met. The FCA will still make a judgement as to whether it is appropriate to grant this treatment even where one of the conditions in article 19(2) is met.
Article 19(2) of the EU CRR allows the consolidating supervisor to decide in the following cases that an institution, financial institution or ancillary servicesundertaking which is a subsidiary or in which a participation is held need not be included in the consolidation in the following cases:(1) where the undertaking concerned is situated in a third country where there are legal impediments to the transfer of necessary information;(2) where the undertaking concerned is of negligible
If IFPRU 2.3.50 Rapplies to a firm on a consolidated basis, the following adjustments are made to IFPRU 2.3.50 R in accordance with the general principles of Part One, Title II, Chapter 2 of the EU CRR (Prudential consolidation): (1) references to own funds are to the consolidated own funds of the firm's FCA consolidation group or, as the case may be, its non-EEA sub-group; and(2) references to the capital requirements in Part Three of the EU CRR (Capital requirements) are to