Prudential Regulation Authority Rulebook

1.

Institutions shall report to their competent authorities on an annual basis the following aggregate data for each national immovable property market to which they are exposed:

1. (a) losses stemming from exposures for which an institution has recognised residential property as collateral, up to the lower of the pledged amount and 80% of the market value or 80% of the mortgage lending value unless otherwise decided under Article 124(2);
2. (b) overall losses stemming from exposures for which an institution has recognised residential property as collateral, up to the part of the exposure treated as fully secured by residential property in accordance with Article 124(1);
3. (c) the exposure value of all outstanding exposures for which an institution has recognised residential property as collateral limited to the part treated as fully secured by residential property in accordance with Article 124(1);
4. (d) losses stemming from exposures for which an institution has recognised immovable commercial property as collateral, up to the lower of the pledged amount and 50% of the market value or 60% of the mortgage lending value unless otherwise decided under Article 124(2);
5. (e) overall losses stemming from exposures for which an institution has recognised immovable commercial property as collateral, up to the part of the exposure treated as fully secured by immovable commercial property in accordance with Article 124(1);
6. (f) the exposure value of all outstanding exposures for which an institution has recognised immovable commercial property as collateral limited to the part treated as fully secured by immovable commercial property in accordance with Article 124(1).

2.

The data referred to in paragraph 1 shall be reported to the competent authority. The data shall be reported separately for the immovable property market within the standards of the United Kingdom to which the relevant institution is exposed.