IFPRU 4.1 Application and purpose

This chapter:

1. (1)

   implements article 78 of CRD;

2. (2)

   contains the rules that exercise the discretion afforded to the FCA as competent authority under articles 115, 119(5), 124(2), 125(3), 126(2), 178(1)(b), 244(2), 245(2),2 286(2), 298(4) and 380 of the UK CRR3; and

3. (3)

   contains the guidance in relation to the IRB approach, securitisation, counterparty credit risk and credit risk mitigation.