SS15/13 - Groups | Bank of England

First published 19 December 2013

This supervisory statement is aimed at firms to which CRD IV applies at a consolidated level.

This statement sets out the Prudential Regulation Authority’s (PRA’s) expectations about applications relating to:

its approach to consolidation, in particular individual consolidation (CRR Article 9) and the method of consolidation for entities falling within CRR Article 18(5); and
excluding certain entities from consolidation (CRR Article 19(2)).

This statement should be read in conjunction with the CRR articles listed, the requirements in the Groups Part of the PRA Rulebook and the high-level expectations outlined in the PRA’s approach to banking supervision.

Current version

Confirmed as final in October 2021, following near-final future version published July 2021. Effective from 1 January 2022.

Supervisory Statement 15/13 – January 2022 (pdf)

Confirmed final by PS22/21 ‘Implementation of Basel standards’. First published as near-final as part of PS17/21 ‘Implementation of Basel standards’.

Past versions

Published 28 December 2020. Effective from 1 January 2021 (superseded on 1 January 2022 by January 2022 version).
- Supervisory Statement 15/13 – January 2021 (pdf)
- following PS29/20 ‘Capital Requirements Directive V (CRD V)’.

Published 28 December 2020. Effective from 29 December 2020 (superseded on 1 January 2021 by January 2021 version).
- Supervisory Statement 15/13 – December 2020 (pdf)
- following PS29/20 ‘Capital Requirements Directive V (CRD V)’.

Published July 2016. Effective from 1 January 2019 (superseded on 29 December 2020 by December 2020 version)
- Supervisory Statement 15/13 UPDATE - July 2016 (PDF)
- following PS29/20 ‘Capital Requirements Directive V (CRD V)’.

Published December 2013. Effective from 9 December 2013 (superseded on 1 January 2019 by July 2016 version).
- Supervisory Statement 15/13 - December 2013 (PDF)
First publication of Supervisory Statement