Source: https://www.handbook.fca.org.uk/handbook/PRU/8/Ann2R.html?date=2005-06-30
Timestamp: 2020-04-07 22:32:31
Document Index: 215406613

Matched Legal Cases: ['ART 1', 'art 1', 'art 2', 'art 3', 'ART 2', 'ART 3']

PRU 8 Ann 2R PRU 8 Ann 2R - FCA Handbook
PRU 8 Ann 2R 1PRU 8 Ann 2R
Prudential rules for third country groups (PRU 8.5.8 R to PRU 8.5.9 R)
PRU 8 Ann 2R 1 11/08/2004
Table: PART 1: Third-country financial conglomerates
This Part of this annex sets out the rules with which a firm must comply under PRU 8.5.8 R with respect to a financial conglomerate of which it is a member.
A firm must comply, with respect to the financial conglomerate referred to in paragraph 1.1, with whichever of PRU 8.4.26 R and PRU 8.4.29 R is applied under paragraph 1.3.
the rule in PRU 8.4 that applies as referred to in paragraph 1.2 is the one that is specified by the requirement referred to in PRU 8.5.8 R;
(where PRU 8.4.29 R is applied) the definitions of conglomerate capital resources and conglomerate capital resources requirement that apply for the purposes of that rule are the ones from whichever of Part 1, Part 2 or Part 3 of PRU 8 Ann 1R G is specified in that requirement; and
the rules so applied (including those in PRU 8 Ann 1R G) are adjusted in accordance with paragraph 3.1.
If the condition in Articles 7(4) and 8(4) of the Financial Groups Directive is satisfied (the financial conglomerate is headed by a mixed financial holding company) with respect to the financial conglomerate referred to in paragraph 1.1 the firm must also comply with PRU 8.4.35 R (as adjusted in accordance with paragraph 3.1) with respect to that financial conglomerate.
PRU 8.1 (as it applies to financial conglomerates and as adjusted under paragraph 3.1); and
PRU 8.4.25 R.
PRU 8 Ann 2R 2 11/08/2004
Table: PART 2: Third-country banking and investment groups
This Part of this annex sets out the rules with which a firm must comply under PRU 8.5.9 R with respect to a third-country banking and investment group of which it is a member.
the applicable sectoral consolidation rules in IPRU(BANK); or
the applicable sectoral consolidation rules for the investment services sector; or
A firm must comply with PRU 8.1 (as it applies to banking and investment groups and as adjusted under paragraph 3.1) with respect to the third-country banking and investment group referred to in paragraph 2.1.
PRU 8 Ann 2R 3 11/08/2004
PART 3: Adjustment of scope