BIPRU Sch 2 Notification and reporting requirements
11 The aim of the guidance in the following table is to give the reader a quick overall view of the relevant notification requirements. |
2 It is not a complete statement of those requirements and should not be relied on as if it were. |
3 Table |
Handbook reference |
Matter to be notified |
Contents of notification |
Trigger event |
Time allowed |
Adoption of or significant change to a trading book policy statement |
Copy of the trading book policy statement |
Adoption of or significant change to a trading book policy statement |
Immediately |
|
BIPRU 3.2.35 R (1), (4) and (5) |
Intention to apply BIPRU 3.2.35 R |
(1) and (4): Fact of intention (5): Fact of exposure or firm ceasing to meet the conditions in BIPRU 3.2.35 R |
(1) and (4): Intention to apply (5): Ceasing to meet conditions |
(1) and (4): One month's prior notice (5): First report date after the obligation to notify becomes due |
Intention to rely on approach in BIPRU 7.4.22 R (1)(b) |
Fact of intention and details on which commodities the firm intends to treat as same commodity-class and justification |
Intention to rely |
At least 20 business days prior to the date the firm starts relying on BIPRU 7.4.23 R |
|
Intention to use an exclusion under BIPRU 7.5.4 R (1) |
Fact of intention and the terms on which the relevant item will be excluded from the firm's foreign currency PRR calculation |
Intention to use |
Before use of the exclusion |
|
Occurrence of backtesting exception |
Fact of backtesting exception |
Orally within 2 business days, and written account of all backtesting exceptions that Month, within 5 business days after the Month |
||
Operation of the VaR model, systems and controls relating to it and changes to the VaR model and those systems and controls |
Documentation specified in the VaR model waiver/VaR model permission |
FSA specified requirements |
No later than number of business days after the end of each quarter specified in the VaR model permission |
|
Details of significant planned changes to the VaR model |
Information about the nature of the change and an estimate of the impact on VaR numbers and the incremental default risk charge |
Intention to change |
Prior to any changes being implemented |
|
Serious risk that could undermine the financial stability of the CAD Article 22 group |
Fact of serious risk to group financial stability |
Events/ activities leading to serious risk to group financial stability |
As soon as the firm becomes aware of that risk |
|
BIPRU 8.4.18 R (3) |
Consolidated capital resources and consolidated capital resources requirement of the CAD Article 22 group as set out in the investment firm consolidation waiver |
Amount of CAD Article 22 group consolidated capital resources and consolidated capital resources requirement |
Periodically as set out in the investment firm consolidation waiver |
Not specified |
BIPRU 8.4.18 R (4) |
Large exposures risks of the CAD Article 22 group including undertakings not located in a member State |
Large exposures risks of the CAD Article 22 group including undertakings not located in a member State |
Periodically as set out in the investment firm consolidation waiver |
Not specified |
Intention to exclude an undertaking from consolidation |
Fact of intention and details of undertaking to be excluded |
Intention to exclude |
In accordance with SUP 15.7 |
|
(1) The choice of consolidation technique in BIPRU 8.7.13 R it applies for which consolidated requirement component: and (2) to which members of the relevant group it is applying the different methods in BIPRU 8.7.13 R |
(1) The choice of consolidation technique in BIPRU 8.7.13 R to be applied for each consolidated requirement component (2) the members of the relevant group to which it is applying the different methods in BIPRU 8.7.13 R |
See SUP 16 |
See SUP 16 |
|
Use of Treasury concession in BIPRU 10.7 on a consolidated basis |
See BIPRU 10.11 |
Intention to use Treasury concession |
See BIPRU 10.11 |
|
Creation of a consolidation UK integrated group |
See BIPRU 10.11 |
Intention to form consolidation UK integrated group |
See BIPRU 10.11 |
|
Provision of implicit support to a securitisation |
(1) Provision of non-contractual support, and (2) The regulatory capital impact of providing implicit support |
Provision of implicit support |
Not specified |
|
Breaching the large exposures limits in BIPRU 10.5.6 R or BIPRU 10.5.8 R |
Fact of breach or expectation of breach |
Breach or expectation of breach |
Immediately |
|
All cases of trading book concentration risk excesses over a three month period |
All cases in the three month period of each trading book concentration risk excess that existed in that period, giving the amount of the excess and the name of the counterparty |
End of three month period |
Within 30 days of the end of each third Month |
|
BIPRU 10.6.7 R (2) |
Intention to use capital maintenance agreement |
Fact of intention and details of the terms and conditions of capital maintenance agreement |
Intention to enter into agreement |
One month before entering agreement |
BIPRU 10.11.1 R (1) and (4) |
Intention to use the concession in BIPRU 10.7.1 R, or BIPRU 10.7.4 R or the UK integrated groups concession in BIPRU 10.8 |
Fact of intention |
Intention to use BIPRU 10.7.1 R, or BIPRU 10.7.4 R, or BIPRU 10.8 |
One month prior to using the concessions in BIPRU 10.7.1 R or BIPRU 10.8 and BIPRU 10.8 |
BIPRU 10.11.1 R (3) |
Intention to stop applying BIPRU 10.7 or BIPRU 10.8 |
Fact of intention |
Intention to stop using BIPRU 10.7.1 R, or BIPRU 10.7.4 R, or BIPRU 10.8 |
One month prior to using the concessions in BIPRU 10.7.1 R or BIPRU 10.7.4 R or BIPRU 10.8 |
Exposure being treated under BIPRU 10.7.1 R or BIPRU 10.7.4 R or BIPRU 10.8 or BIPRU 10.9 ceases to meet the conditions for application of the relevanttreatment |
Fact or expectation of any exposure to which it has applied the treatment ceases to meet the conditions for application of the relevanttreatment |
Awareness of situation |
Not specified |
|
Artificial transfer, transaction or arrangement. |
Fact of entry into a transfer, transaction or arrangement of the type mentioned in BIPRU 10.12.5 R |
Entry into an artificial transfer, transaction or arrangement |
Not specified |
|
Results of the BIPRU 12.4 stress tests |
The results referred to in column (2) |
The carrying out of the BIPRU 12.4 stress tests |
To be reported in a timely manner |
|
A simplified ILAS BIPRU firm's policy statement prepared in accordance with BIPRU 12.6.13 R |
The policy statement referred to in column (2) |
The firm's decision to apply for a simplified ILAS waiver |
Prior to the firm's application for a simplified ILAS waiver |
|
The occurrence of any of the events identified in BIPRU 12.9.14 R |
Fact of occurrence and adequately reasoned explanation for the deviation |
The occurrence of any of the events identified in BIPRU 12.9.14 R |
As soon as the firm becomes aware of the event in question |
|
A firm's liquidity remediation plan |
The matters identified in BIPRU 12.9.18 R |
The occurrence of any of the events identified in BIPRU 12.9.14 R |
Within two days of the notification made under BIPRU 12.9.13 R |
|
Counterparty risk exposure of non-standard type |
Fact of exposure, counterparty involved, nature of the exposure and capital treatment adopted |
Entry into non-standard exposure |
Immediately |
|
Cessation to comply with requirements set out in BIPRU 13.6 for CCR internal model method permission |
Plan for timely return to compliance or demonstration that the effect of non-compliance is immaterial |
Ceasing to comply with requirements |
Immediately |