Prudential Regulation Authority Rulebook

4.1

This Part applies to a firm on an individual basis whether or not it also applies to the firm on a consolidated basis.

4.2

A firm which is an EEA parent institution must comply with this Part on the basis of its consolidated situation.

4.3

A firm controlled by an EEA parent financial holding company or by an EEA parent mixed financial holding company must comply with this Part on the basis of the consolidated situation of that holding company if:

1. (1) there is no subsidiary of the holding company which is a credit institution that is supervised under the CRD; and
2. (2) the PRA is responsible for the supervision of the UK designated investment firm on a consolidated basis under Article 111 of the CRD.

4.4

If this Part applies to a firm on a consolidated basis, the firm must carry out consolidation to the extent and in the manner prescribed in Articles 18(1), 19(1), 19(3) 23 and 24 (1) of the CRR.