Prudential Regulation Authority Rulebook

5.1

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

5.1A

If this Part applies to a firm on an individual basis, the firm must comply with the rules in this Part to the same extent and in the same manner as it is required to comply with the firm’s obligations laid down in Parts Two to Four and Part Seven of the CRR.

5.2

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

5.3

A PRA approved parent holding company, a PRA designated parent holding company, a PRA designated intermediate holding company or a PRA designated institution responsible for meeting CRR requirements on a consolidated basis must comply with this Part on a consolidated basis.

5.4

[Deleted.]

5.5

[Deleted.]

5.6

If this Part applies to an Article 109 undertaking on a consolidated basis or on a sub-consolidated basis, the Article 109 undertaking must carry out consolidation to the same extent and in the same manner as it is required to comply with the obligations laid down in Parts Two to Four and Part Seven of the CRR on a consolidated basis or sub-consolidated basis.

[Note: Art 129(1) (part) and 130(1) (part) of the CRD]