Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated:

1. (1) other than Chapter 8, this Part applies to every firm that is a CRR firm;
2. (2) Chapter 8 applies to every CRR consolidation entity.

1.2

In this Part, the following definitions shall apply:

external group end user

means a person who receives services and who is not a member of the CRR consolidation entity's consolidation group.

impact tolerance

means the maximum tolerable level of disruption for an important business service or an important group business service as measured by a length of time and any other relevant metrics.

important business service

means a service provided by a firm, or by another person on behalf of the firm, to another person which, if disrupted, could pose a risk to:

1. (1) where the firm is, or is controlled by, an O-SII, the stability of the UK financial system; or
2. (2) the firm’s safety and soundness.

important group business service

means a service provided by a member of the CRR consolidation entity's consolidation group to an external group end user which, if disrupted, could pose a risk to:

1. (1) where any member of the CRR consolidation entity's consolidation group is an O-SII, the stability of the UK financial system; or
2. (2) the safety and soundness of any CRR firm within the CRR consolidation entity's consolidation group.

1.3

[deleted.]