Groups and Level of Application

Policies relating to Groups and Level of Application of requirements for banks, building societies and investment firms.

PRA Rules, Waivers and Modifications of Consent

Rules governing the level of application are set out in individual Parts of the PRA rulebook

UK legislation

  • Prudential consolidation – Capital Requirements Regulation (EU) No 575/2013 (Part One, Title II, Chapter 2)

    NB: For the below areas, level of application requirements are included in the relevant PRA rules:
  • Approval of certain Holding Companies - Financial Services and Markets Act 2000 (Part 12B)

UK technical standards

  • Description of group financial support agreements - Commission Delegated Regulation (EU) 2016/911, as amended, including by the Technical Standards (Bank Recovery and Resolution Directive) (EU Exit) (No.2) Instrument 2019, Annex A

Supervisory Statements and Statements of Policy

Material on Double Leverage and Group Risk:

This page was last updated 31 January 2023