Source: https://www.handbook.fca.org.uk/handbook/IFPRU/TP/1/1.html
Timestamp: 2017-05-28 10:31:27
Document Index: 403922319

Matched Legal Cases: ['Art 143', 'Art 178', 'Art 259', 'Art 262', 'Art. 312', 'Art. 363', 'Art 15', 'Art 17', 'Art 329', 'Art 331', 'Art 340', 'Art 113', 'Art 400']

IFPRU TP 1 GENPRU and BIPRU waivers: transitional Table of Contents
View IFPRU TP 1 as PDF
This section applies to each waiver in IFPRU 1.2 R, until the direction given in respect of that waiver ceases to have effect on its terms, or is revoked, whichever is the earlier. Transitional
Subject to IFPRU TP 1.7R, each waiver given in relation to a FCA rule listed in column A of the tables in IFPRU TP 1.9R (Internal model waivers) and TP 1.10R (Other waivers) is treated as a permission from the FCA to the firm under the EU CRR article listed in the same row in column B of those tables. 1.5
"permission" includes a consent, approval or agreement conferred on the FCA as a competent authority under any EU CRR article listed in column B of the tables in IFPRU 1.9R (Internal waivers) and IFPRU TP 1.10R (Other waivers); (2)
Column AFCA Rule (rule waiver or modification)
Column BEU CRR reference
- BIPRU 4 applies to a firm with an IRB permission - Rules waived or modified:(a) GENPRU 2.1.51 R(b) BIPRU 3.1.1 R - Part Three, Title II, Chapter 3 - Art 143 - Art 178(1)(b)(where a firm is authorised to replace 90 days with 180 days for exposures secured by residential or SME commercial real estate in the retail exposure class)
- BIPRU 4.10.16 R (Where authorised by the firm's IRB permission)
- BIPRU 9.12.3 R - BIPRU 9.12.5 R - BIPRU 9.12.21 R (Where authorised by the firm's IRB permission)
Art 259(1)(b)Art 262
- BIPRU 9.12.20 R(Where authorised by the firm's IRB permission)
- BIPRU 9.11.10 R as modified in accordance with BIPRU 9.12.28 G (Where authorised by the firm's IRB permission)
- BIPRU 6.5 applies to a firm with an AMA permission- Rule waived or modified: BIPRU 6.2.1 R
- Art. 312(2)- Part Three, Title III, Chapter 4
- BIPRU 6.2.9 R (in accordance with BIPRU 6.2.10 G and the firm's AMA permission)
- BIPRU 7.10 applies to a firm with a VaR model permission- Standard market risk PRR rules as specified and waived or modified by the firm's VaR model permission waiver-	GENPRU 2.1.52 R
- Art. 363- Part Three; Title IV; Chapter 5; Sections 2, 3 and 4
BIPRU 7.10.55T R to BIPRU 7.10.55ZA R (Where the firm is authorised to use the all price risk measure in its VaR model permission waiver)
- BIPRU 8.4 applies to a firm with an investment firm consolidation waiver- Rules waived:(a) BIPRU 8.2.1 R(b) BIPRU 8.2.2 R(c) BIPRU 8.3.1 R(d) BIPRU 8.3.2 R
Art 15Art 17
- BIPRU 8.5.9 R-	BIPRU 8.5.10 R
- BIPRU 4.2.23 R (as modified in accordance with BIPRU 4.2.25 G)- BIPRU 4.2.24 R (as modified in accordance with BIPRU 4.2.25 G)
- BIPRU 9.4.11 R-	BIPRU 9.4.12 R (subject to conditions in BIPRU 9.4.15 D)
- BIPRU 9.5.1 R (6) and (7)(subject to conditions in BIPRU 9.5.1B D)
Securitisations of revolving exposures with early amortisation provisions -similar transactions - BIPRU 9.3.11 D- BIPRU 9.13.13 R- BIPRU 9.13.14 R- BIPRU 9.13.15 R- BIPRU 9.13.16 R- BIPRU 9.13.17 R(subject to conditions in BIPRU 9.13.18 G)
- BIPRU 6.2.5 R (as modified in accordance with BIPRU 6.2.6 G)- BIPRU 6.2.7 R (as modified in accordance with BIPRU 6.2.8 G)
Own funds requirements for position risk for options and warrants on: (a) interest rates;(b) debt instruments;(c) equities;(d) equity indices;(e) financial futures;(f) swaps; and(g) foreign currencies
- BIPRU 7.9 applies to a firm with a CAD1 model waiver. - Rules waived or modified:(a) GENPRU 2.1.52 R(b) BIPRU 7.6.1 R
Art 329 13
Own funds requirements for commodities risk for options and warrants on:(a) commodities; and(b) commodities derivatives
- BIPRU 7.9 applies to a firm with a CAD1 model waiver. - Rules waived or modified:(a) GENPRU 2.1.52 R(b) BIPRU 7.4.1 R
- CAD 1 model waiver for the use of an interest rate pre-processing model in line with BIPRU 7.9.44 G- Rule waived: GENPRU 2.1.52 R
Art 331Art 340
- BIPRU 10.6.32 R (as waived in accordance with BIPRU 10.6.33 G)- SUP 15.3.11 R
- BIPRU 3.2.25 R (2)- BIPRU 10.8A
Art 113(6) Art 400(1)(f)
Column AFCA Rule