Prudential Regulation Authority Rulebook

18.1

A ring-fenced body that is required under Article 11(5) of the CRR to comply with obligations on a sub-consolidated basis must comply with the following provisions of the PRA Rulebook on that sub-consolidated basis:

1. (1) the ICAAP rules in the Internal Capital Adequacy Assessment Part;
2. (2) the risk control rules in the Internal Capital Adequacy Assessment Part;
3. (3) the overall financial adequacy rule in Internal Capital Adequacy Assessment 2.1;
4. (4) Internal Capital Adequacy Assessment 15;
5. (5) the Capital Buffers Part;
6. (6) the Internal Liquidity Adequacy Assessment Part;
7. (7) 2.1 (read with 2.2), 2.6, 2A.2, 5 and 6 of the General Organisational Requirements Part;
8. (8) 3.2 of the Skills, Knowledge and Expertise Part;
9. (9) 2.3, 2.7 and 3 of the Risk Control Part;
10. (10) 2.1(2) (read with 2.2) and 2.4 of the Group Risk Systems Part;
11. (11) the Remuneration Part;
12. (12) 2.1 of the Public Disclosure Part;
13. (13) the Benchmarking of Internal Approaches Part; and
14. (14) the Reporting Pillar 2 Part.

18.2

A ring-fenced body that is required under Article 11(5) of the CRR to comply with obligations on a sub-consolidated basis must comply with the obligations under the Capital Requirements (Country-by-Country Reporting) Regulations 2013 (SI 2013/3118) on that sub-consolidated basis. For the avoidance of doubt, the treatment provided for in Regulations 4 and 5 of those regulations is available (with the necessary changes) to the ring-fenced body in its seeking to comply with this rule on a sub-consolidated basis.

[Note: Art. 71, 73-76, 78-96, 98, 123, 129, 130, 140-142 of the CRD.]