Prudential Regulation Authority Rulebook

6.1

This chapter applies only to a third country CRR firm in relation to the activities of its establishment in the UK.

6.2

Each of the responsibilities set out in this rule is a UK branch prescribed responsibility:

1. (1) responsibility for the firm’s performance of its obligations under the senior management regime, including implementation and oversight (PR A);
2. (2) responsibility for the firm’s performance of its obligations under the certification regime (PR B);
3. (3) responsibility for compliance with the firm’s obligations in relation to its management responsibilities map (PR C);
4. (4) responsibility for management of the firm’s risk management processes in the UK (PR AA);
5. (5) responsibility for the firm’s compliance with the UK regulatory system applicable to the firm (PR FF);
6. (6) responsibility for the escalation of correspondence from the PRA, FCA and other regulators in respect of the firm to the governing body and/or the management body of the firm, or, where appropriate, of the parent undertaking or holding company of the firm’s group (PR EE);
7. (7) responsibility for management of the firm’s systems and controls in the UK (PR BB);
8. (8) responsibility for the allocation of all UK branch prescribed responsibilities in accordance with 3.5 (PR E);
9. (9) responsibility for management of the firm’s liquidity or, where a liquidity waiver is in place, the submission of information to the PRA on the firm’s liquidity position (PR HH);
10. (10) responsibility for the production and integrity of the firm’s financial information and its regulatory reporting in respect of its regulated activities (PR Q);
11. (11) responsibility for the firm’s performance of its obligations under Internal Governance of Third Country Branches 7 (PR X1).