Prudential Regulation Authority Rulebook

6.1

The PRA expects to receive the following information alongside firms’ pre-notifications that they will calculate the sNSFR:

1. (i) evidence that the firm meets the definition of ’small and non-complex’ in CRR Article 4(145);
2. (ii) confirmation that the firm expects to continue to meet the definition in bullet (i), above, for the foreseeable future;
3. (iii) evidence that the firm’s sNSFR is at least 100%, and the basis on which the firm expects that it will continue to be at least 100% for the foreseeable future; and
4. (iv) assessment that the complexity of the firm’s funding profile is such that the sNSFR is not an inappropriately simple methodology for the calculation of funding risks.

6.2

The PRA expects that firms which use the sNSFR methodology notify it promptly when the following occurs or is expected to occur:

1. (i) the firm no longer meets the definition of ‘small and non-complex’ in CRR Article 4(145);
2. (ii) the firm’s sNSFR falls below 100%; or
3. (iii) the complexity of the firm’s funding profile is such that the sNSFR is an inappropriately simple methodology for the calculation of funding risks.