PRA Rulebook Glossary

Printed on: 06/07/2024

Rulebook at: 03/08/2015

Term

Definition

Letter: A

article 12(1) relationship

(A) (in the PRA Handbook):
means a relationship where undertakings are linked by a relationship within the meaning of article 12(1) of Directive 83/349 EEC.
  • 01/01/2014

Article 12(1) relationship

means a relationship where undertakings are linked by a relationship within the meaning of Article 12(1) of Directive 83/349 EEC.

  • 03/08/2015

Article 129 implementing measure

any:
(a) measure taken by the appropriate regulator under regulations 7-9 of the Capital Requirements Regulations 2006; or
(b) corresponding measure taken by another competent authority to apply an Article 129 permission as referred to in the last paragraph of Article 129(2) of the Banking Consolidation Directive.
  • 01/04/2013

Article 129 permission

a permission of the type referred to in Article 129(2) of the Banking Consolidation Directive (permission to apply the IRB approach, the AMA approach or the CCR internal model method on a consolidated basis) or Article 37(2) of the Capital Adequacy Directive (permission to apply the VaR model approach on a consolidated basis) excluding an Article 129 implementing measure.
  • 01/01/2007

Article 129 procedure

the procedure described in Article 129(2) of the Banking Consolidation Directive (permission to apply the IRB approach, the AMA approach or the CCR internal model method on a consolidated basis) or that applies under Article 37(2) of the Capital Adequacy Directive (permission to apply the VaR model approach on a consolidated basis) for the purpose of applying for and granting or refusing an Article 129 permission or the procedure for varying of revoking an Article 129 permission in accordance with the Banking Consolidation Directive or the Capital Adequacy Directive.
  • 01/01/2007

Article 134 relationship

(in accordance with Article 134 of the Banking Consolidation Directive) a relationship of one of the following kinds:
(a) where a person exercises a significant influence over one or more persons, but without holding a participation or other capital ties in these persons and without being a parent undertaking of these persons; or
(b) where two or more persons are placed under single management other than pursuant to a contract or clauses of their memoranda or articles of association.
  • 01/01/2007

Article 18(5) relationship

means a relationship where undertaking are linked by participations or capital ties other than those referred to in paragraphs (1) and (2) of Article 18 of the CRR.

  • 03/08/2015

article 18(5) relationship

(A) (in the PRA Handbook)the relationship where there are participations or capital ties other than those referred to in article 18(1) and (2) of the EU CRR (Methods for prudential consolidation).
(B) (in the FCA Handbook) the relationship where there are participations or capital ties other than those referred to in article 18(1) and (4)of the EU CRR (Methods for prudential consolidation).
  • 01/02/2014