Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to all firms.

1.2

In this Part, the following definitions shall apply:

branch

has the meaning given in point (17) of Article 4(1) of the CRR.

prudential context

means, in relation to activities carried on by a firm, the context in which the activities have, or might reasonably be regarded as likely to have, a negative effect on:

1. (1) the safety and soundness of firms; or
2. (2) the ability of the firm to meet either:
1. (a) the "fit and proper" test in threshold conditions 4E and 5E (Suitability); or
2. (b) the applicable requirements and standards under the regulatory system relating to the firm’s financial resources.