Where assessing the level of own funds of each institution, competent authorities shall take into account both of the following:
the level of own funds by non-aggregated portfolio;
the effect of the diversification benefit applied by each institution in aggregated portfolios, by comparing the sum of own funds of the non-aggregated portfolios referred to in point (a) of this paragraph with the level of own funds provided for the aggregated portfolio
Where assessing the level of own funds by institution, competent authorities shall also take into account both of the following:
the effect of the supervisory add-ons;
the effect of the supervisory actions not contemplated in the data collected.
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.
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Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.