15
Transitional Provisions – Requirements for Members of Financial Conglomerates
15.1
This Chapter applies only to a firm that is a member of a financial conglomerate.
- 01/01/2016
15.2
Where, immediately before 1 January 2016, the firm’s Part 4A permission contained a requirement which applied SUP 16.12.33R in the supervision manual in the PRA Handbook to the firm, that requirement is to be treated as applying 12.3 to the firm.
- 01/01/2016
15.3
Where, immediately before 1 January 2016, the firm’s Part 4A permission contained a requirement which applied SUP 16.12.33R in the supervision manual in the PRA Handbook to the firm unless the mixed financial holding company of the financial conglomerate to which the firm belongs submits the report required under that rule (as if the rule applied to it), that requirement is to be treated as applying 12.3 to the firm unless the mixed financial holding company of the financial conglomerate to which the firm belongs submits the report required under that rule (as if the rule applied to it).
- 01/01/2016