Prudential Regulation Authority Rulebook

10.1

Before providing any attestation in accordance with 9.1, a firm must analyse and justify that the fundamental spread used by the firm reflects compensation for all retained risks, and that the matching adjustment can be earned with a high degree of confidence from the assets held in the relevant portfolio of assets.

10.2

A firm must have in place appropriate internal processes, systems and controls to allow it to produce the analysis and justification required by 10.1.

10.3

A firm must put in place and maintain a policy on providing the attestation at 9.1 and the analysis and justification required in 10.1 and must ensure that its governing body has approved that policy.