Prudential Regulation Authority Rulebook

20.1

This Chapter applies to every firm that is a CRR firm.

20.2

A firm which satisfies any Capital+ condition on the initial Capital+ reference date applicable to it must submit to the PRA on a continuing basis the data item applicable to the relevant Capital+ condition as set out in column (2) of the Capital+ reporting table.

20.3

Where a firm is required to submit a data item in accordance with this Chapter, it must submit this information:

1. (1) at the frequency specified in column (3) of the Capital+ reporting table;
2. (2) by the due date specified in column (4) of the Capital+ reporting table; and
3. (3) on the basis set out in the rule specified in column (5) of the Capital+ reporting table.

20.4

The first frequency period for the purposes of 20.3 is:

1. (1) where a firm satisfies Capital+ condition 7 or Capital+ condition 8 on its initial Capital+ reference date, one year ending with:
1. (a) where the firm’s initial Capital+ reference date is its accounting reference date, its initial Capital+ reference date; or
2. (b) where 20.4(1)(a) does not apply, the firm’s first accounting reference date following the firm’s initial Capital+ reference date; or
2. (2) for a firm satisfying any other Capital+ condition on its initial Capital+ reference date, the frequency period specified in column (3) of the Capital+ reporting table, ending with the initial Capital+ reference date.

20.5

When submitting any required data item under this Chapter, a firm must use the template for that data item set out in Chapter 16.

20.6

A firm satisfies Capital+ condition 1:

1. (1) if the firm is a parent institution in a Member State, where it has retail deposits equal to or greater than £50 billion and total assets equal to or greater than £320 billion on the basis of its consolidated situation;
2. (2) if the firm is controlled by a parent financial holding company in a Member State, a parent mixed financial holding company in a Member State or a parent institution in a Member State and the PRA is responsible for supervision of that holding company or parent institution in a Member State on a consolidated basis under Article 111 of the CRD, where it has retail deposits equal to or greater than £50 billion and total assets equal to or greater than £320 billion on the basis of the consolidated situation of that holding company or parent institution in a Member State; or
3. (3) if the firm is not part of a consolidation group, where it has retail deposits equal to or greater than £50 billion and total assets equal to or greater than £320 billion on an individual basis.

20.7

A firm satisfies Capital+ condition 2 if it:

1. (1) satisfies Capital+ condition 1 in accordance with 20.6(1) or 20.6(2); and
2. (2) has total assets equal to or greater than £50 billion on an individual basis.

20.8

A firm satisfies Capital+ condition 3:

1. (1) if the firm is a parent institution in a Member State, where it has retail deposits equal to or greater than £50 billion and total assets greater than £5 billion but less than £320 billion on the basis of its consolidated situation;
2. (2) if the firm is controlled by a parent financial holding company in a Member State, a parent mixed financial holding company in a Member State or a parent institution in a Member State and the PRA is responsible for supervision of that holding company or parent institution in a Member State on a consolidated basis under Article 111 of the CRD, where it has retail deposits greater than or equal to £50 billion and total assets greater than £5 billion but less than £320 billion on the basis of the consolidated situation of that holding company or parent institution in a Member State; or
3. (3) if the firm is not part of a consolidation group, where it has retail deposits greater than £50 billion and total assets greater than £5 billion but less than £320 billion on an individual basis.

20.9

A firm satisfies Capital+ condition 4 if it:

1. (1) satisfies Capital+ condition 3 in accordance with 20.8(1) or 20.8(2); and
2. (2) has total assets equal to or greater than £50 billion on an individual basis.

20.10

A firm satisfies Capital+ condition 5 if it:

1. (1) is part of a consolidation group;
2. (2) has total assets greater than £5 billion:
1. (a) if the firm is a parent institution in a Member State, on the basis of its consolidated situation; or
2. (b) if the firm is controlled by a parent financial holding company in a Member State, a parent mixed financial holding company in a Member State or a parent institution in a Member State and the PRA is responsible for supervision of that holding company or parent institution in a Member State on a consolidated basis under Article 111 of the CRD, on the basis of the consolidated situation of that holding company or parent institution in a Member State;
3. and
4. (3) does not satisfy Capital+ condition 1 or Capital+ condition 3.

20.11

A firm satisfies Capital+ condition 6 if it has total assets greater than £5 billion on an individual basis and:

1. (1) if it is not part of a consolidation group, where it does not satisfy Capital+ condition 1 or Capital+ condition 3; or
2. (2) if it is part of a consolidation group, where it does not satisfy Capital+ condition 2 or Capital+ condition 4.

20.12

A firm satisfies Capital+ condition 7 if it is part of a consolidation group and it does not satisfy Capital+ condition 1, Capital+ condition 3 or Capital+ condition 5.

20.13

A firm satisfies Capital+ condition 8:

1. (1) where it is not part of a consolidation group, if it does not satisfy Capital+ condition 1, Capital+ condition 3 or Capital+ condition 6; or
2. (2) where a firm is part of a consolidation group, if it does not satisfy Capital+ condition 2, Capital+ condition 4 or Capital+ condition 6.

20.14

A firm must consider which Capital+ conditions it satisfies on every Capital+ reference date following its initial Capital+ reference date, and where a Capital+ reference date is a Capital+ changeover date:

1. (1) 20.16 applies where the new Capital+ condition is higher, and
2. (2) 20.18 applies where the new Capital+ condition is lower.

20.15

For the purposes of 20.14 and 20.20, Capital+ condition 1 is the highest and Capital+ condition 8 is the lowest.

20.16

Where this rule applies as a result of 20.14(1) or 20.20, the firm must:

1. (1) submit to the PRA the data item applicable to the old Capital+ condition in respect of the frequency period ending with that Capital+ changeover date by the due date applicable to the old Capital+ condition;
2. (2) after it has complied with 20.16(1), cease submitting the data item applicable to the old Capital+ condition to the PRA; and
3. (3) submit to the PRA on a continuing basis the data item applicable to the new Capital+ condition, as set out in column (2) of the Capital+ reporting table.

20.17

The first frequency period for the purposes of 20.16(3) is the frequency period specified in column (3) of the Capital+ reporting table, starting with the Capital+ changeover date which caused 20.16 to apply.

20.18

Subject to 20.20, where this rule applies as a result of 20.14(2), the firm must:

1. (1) continue to submit to the PRA the data item applicable to the old Capital+ condition until the firm’s next Capital+ reference date, including the data item due in respect of the frequency period ending with that next Capital+ reference date;
2. (2) after it has complied with 20.18(1), cease submitting the data item applicable to the old Capital+ condition to the PRA; and
3. (3) submit to the PRA on a continuing basis the data item applicable to the new Capital+ condition, as set out in column (2) of the Capital+ reporting table.

20.19

The first frequency period for the purposes of 20.18(3) is:

1. (1) where the data item required to be submitted under 20.18(3) is PRA103, one year starting from:
1. (a) where the Capital+ changeover date which caused 20.18(2) to apply is the same as the firm’s accounting reference date, that Capital+ changeover date; or
2. (b) where 20.19(1)(a) does not apply, the firm’s first accounting reference date following the Capital+ changeover date which caused 20.18 to apply; or
2. (2) where the data item required to be submitted under 20.18(3) is PRA101 or PRA102, the frequency period specified in column (3) of the Capital+ reporting table, starting with the next Capital+ reference date after the Capital+ changeover date which caused 20.18 to apply.

20.20

Where 20.18 applies as a result of 20.14(2), and where at any Capital+ reference date before a firm is required to submit its first data item under 20.18(3), the firm satisfies a higher Capital+ condition than the new Capital+ condition which caused 20.18 to apply:

1. (1) the changes specified in 20.18 cease to take effect; and
2. (2) 20.16 applies.

20.21

The Capital+ reporting table below sets out, in respect of the requirements to submit data items in this Chapter:

1. (1) in column (1), the Capital+ conditions to which the obligations to submit data items relate;
2. (2) in column (2), the data items which must be submitted by a firm where the firm meets any Capital+ condition set out in column (1);
3. (3) in column (3), the frequency at which a firm must submit each data item;
4. (4) in column (4), the due date for submission of each data item, being the last day of the period starting from the end of each frequency period and ending with the number of business days set out in column (4); and
5. (5) in column (5), the rule which sets out the basis on which each data item must be completed.

Capital+ reporting table

20.22

Where a firm is required to submit a data item in accordance with this rule, that data item should be completed:

1. (1) if the a firm is not part of a consolidation group, on an individual basis;
2. (2) if the firm is a parent institution in a Member State, on the basis of its consolidated situation; or
3. (3) if the firm is controlled by a parent financial holding company in a Member State, a parent mixed financial holding company in a Member State or a parent institution in a Member State and the PRA is responsible for supervision of that holding company or parent institution in a Member State on a consolidated basis under Article 111 of the CRD, on the basis of the consolidated situation of that holding company or parent institution in a Member State.

20.23

Where a firm is required to submit a data item in accordance with this rule, as set out in the Capital+ reporting table, that data item should be completed on an individual basis.

20.24

Where a firm is required to submit a data item in accordance with this rule, as set out in the Capital+ reporting table, that data item should be completed:

1. (1) if the firm is a parent institution in a Member State, on the basis of its consolidated situation; or
2. (2) if the firm is controlled by a parent financial holding company in a Member State, a parent mixed financial holding company in a Member State or a parent institution in a Member State and the PRA is responsible for supervision of that holding company or parent institution in a Member State on a consolidated basis under Article 111 of the CRD, on the basis of the consolidated situation of that holding company or parent institution in a Member State.