Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to:

1. (1) every firm that is a UK bank or a building society that, on the firm’s last accounting reference date, had retail deposits equal to or greater than £50 billion on an individual basis;
1. (a) [deleted]
2. (b) [deleted]
3. (c) [deleted]
2. (1A) every CRR consolidation entity that is, or that controls, a UK bank or a building society and that, on the CRR consolidation entity’s last accounting reference date, had retail deposits equal to or greater than £50 billion on the basis of its consolidated situation; and
3. (2) a ring-fenced body that is required to comply with Parts Two and Three of the CRR on a sub-consolidated basis and is a member of a group containing an entity falling within 1.1(1) or 1.1(1A).

1.2

In this Part, the following definitions shall apply:

capital plan

means the plan described in Chapter 6.

deposit

has the meaning given in the Table of Part 2 of Annex II to Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector as it had effect in EU law immediately before IP completion day.

FPC

means the Financial Policy Committee of the Bank of England.

retail deposit

means deposits from “households” as defined in paragraph 42(f) of Part 1 of Annex V to the Reporting (CRR) Part.

1.3

Unless otherwise defined, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.