Related provisions for BIPRU 1.3.17

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

If a firm wishes to apply for a waiver7to use the CCR internal model method, it must complete and submit the form in BIPRU 1 Annex 3D D.
In respect of the application for waivers to apply the approaches set out in BIPRU 1.3.2 G (1), the appropriate regulator will aim to give decisions on applications as soon as practicable. However, the appropriate regulator expects that it will take a significant period to determine and give a decision due to the complexity of the issues raised by the applications. Details of timelines for applications for waivers to use advanced approaches 7are set out on the appropriate regulator
Before sending in an application for a waiver,7 a firm may find it helpful to discuss the application with its usual supervisory contact at the appropriate regulator. However, the firm should still ensure that all relevant information is included in the application.