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sectoral rules

  1. 120
    1. (in relation to a financial sector) rules and requirements relating to the prudential supervision of regulated entities applicable to regulated entities in that financial sector as follows:
      1. (a) (for the purposes of GENPRU 3.1.12 R (Definition of financial conglomerate: Solvency requirement)) 180UK prudential sectoral legislation209 for that financial sector together with as appropriate the rules and requirements in (c); 209
      2. (b) (for the purpose of calculating solo capital resources and148 a solo capital resources requirement148):
        1. (i) (to the extent provided for in paragraphs 6.4 to 6.6 of GENPRU 3 Annex 1R) rules and requirements that are referred to in hose paragraphs; and
        2. (ii) the rules and requirements in (c); or
      3. (c) (for all other purposes) rules and requirements of the appropriate regulator and so that:
        1. (i)209 (in relation to consolidated supervision for any financial sector) those requirements include ones relating to the form and extent of consolidation;
        2. (ii)209 (in relation to any financial sector) those requirements include ones relating to the eligibility of different types of capital;
        3. (iii) 209 (in relation to any financial sector) those requirements include both ones applying on a solo basis and ones applying on a consolidated basis; and131
      5. 131131
      6. References209 to the appropriate regulator's sectoral rules are to sectoral rules in the form of rules and, as applicable, the UK CRR180.