9
Groups
9.1
Where a group has received approval from the PRA to submit a single ORSA report which covers a number of entities,[6] the PRA expects it to describe how the boards of each of the individual entities are involved in the process and sign-off. The report is expected to cover each of the entities to a suitable level of detail.
Footnotes
- 6. Group Supervision 18.1.
- 25/11/2016
9.2
Conversely, where a group chooses to provide individual ORSA reports for each entity in the group, alongside a group ORSA covering just the group functions, the PRA expects the documents to describe how the individual ORSAs link to the overarching group ORSA.
- 25/11/2016
9.3
The PRA expects group ORSAs to cover the business strategy, risk, capital and stress testing of the group as well as a consideration of the strategies of group businesses and any risks they may present.
- 25/11/2016