SS15/13 - Groups

Supervisory Statement 15/13

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.

Future version

Near-final future version published July 2021. If confirmed final, this SS would be effective from Saturday 1 January 2022.

Published as near-final as part of PS17/21 ‘Implementation of Basel standards’.

Current version

Published 28 December 2020. Effective from 1 January 2021.

- following PS29/20 ‘Capital Requirements Directive V (CRD V)’

Past versions

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