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.

Article 4 Level of consolidation of information

  1. (1)

    Institutions that are not part of a group shall submit the information referred to in Article 3(1), with the exception of the information referred to in templates Z 07.02 and Z 04.00 of Annex I, on an individual basis.

  2. (2)

    In the case of groups, UK parent undertakings shall submit the information referred to in Article 3(1) in accordance with the following specifications:

    1. (a)

      the information specified in template Z 01.00 of Annex I in relation to the following:

      1. (i)

        group entities included in its consolidated financial statements which exceed 0,5 % of total assets or total liabilities of the group;

      2. (ii)

        group institutions which exceed 0,5 % of the total risk exposure amount or 0,5 % of the total Common Equity Tier 1 of the group on the basis of the consolidated situation of the UK parent undertaking;

      3. (iii)

        group entities which provide critical functions;

    2. (b)

      the information specified in templates Z 02.00 and Z 03.00 of Annex I:

      1. (i)

        at the level of the UK parent undertaking or, where different, at the level of each resolution entity on an individual basis;

      2. (ii)

        at the level of each group institution that is a relevant legal entity and does not fall within the scope of point (i), on an individual basis, except in those cases when the resolution authority has fully waived the application of the individual minimum requirement for own funds and eligible liabilities pursuant to Article 147 of the Bank Recovery and Resolution (No 2) Order 2014 to that institution;

      3. (iii)

        at the level of the UK parent undertaking on a consolidated basis or, where different, at the level of each resolution entity on the basis of the consolidated situation of the resolution group;

    3. (c)

      the information specified in template Z 04.00 of Annex I in relation to the financial interconnections between all relevant legal entities;

    4. (d)

      the information specified in templates Z 05.01 and Z 05.02 of Annex I:

      1. (i)

        at the level of the UK parent undertaking or, where different, at the level of each resolution entity on an individual basis;

      2. (ii)

        at the level of the UK parent undertaking on a consolidated basis or, where different, at the level of each resolution entity on the basis of the consolidated situation of the resolution group;

    5. (e)

      the information specified in template Z 06.00 of Annex I at the level of the UK parent undertaking on a consolidated basis, in relation to all credit institutions which are relevant legal entities;

    6. (f)

      the information specified in template Z 07.01 of Annex I, for the UK;

    7. (g)

      the information specified in templates Z 07.02 and Z 07.03 and Z 07.04 of Annex I in relation to the critical functions and core business lines provided by any group entity;

    8. (h)

      the information specified in template Z 08.00 of Annex I, in relation to all critical services provided to any group entity included in template Z 01.00 of Annex I;

    9. (i)

      the information specified in template Z 09.00 of Annex I in relation to all financial market infrastructures, the disruption of which would present a serious impediment or prevent the performance of any critical function identified in template Z 07 02;

    10. (j)

      the information specified in templates Z 10.01 and Z 10.02 of Annex I in relation to all critical information systems within the group.