diverse block
- (a) (in relation to a firm with a wider integrated group permission that applies on a solo basis) has the meaning in BIPRU 10.9.6 R (Definition of diverse block) which is in summary all undertakings in the wider integrated group designated as a single diverse block by the applicable wider integrated group permission;
- (b) (in relation to a firm with a wider integrated group permission that applies on a consolidated basis) has the meaning in BIPRU 8.9.22 R (Wider integrated groups: Definition of diverse block) which is in summary a group of exposures that satisfy specified eligibility conditions and that are to undertakings that are designated by the wider integrated group permission as being associated with the same diverse block.
37(for the purposes of BIPRU 8 (Group risk - consolidation) and BIPRU 10 (Concentration risk requirements)):