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residual block

  1. 46(1) (for the purposes of BIPRU 10 (Concentration risk requirements)):
    1. (a) (subject to (b)) has the meaning in BIPRU 10.8.12 R (Definition of residual block) which is in summary, in relation to a firm and its UK integrated group, a concentration risk group counterparty of the firm which is not a member of the firm's UK integrated group;
    2. (b) (if a firm has a wider integrated group permission) has the meaning in BIPRU 10.9.7 R (Definition of residual block) which is in summary, in relation to a firm and its wider integrated group , a concentration risk group counterparty of the firm which is not a member of the firm's UK integrated group or wider integrated group.
  2. (2) (for the purposes of BIPRU 8 (Group risk - consolidation)) has the meaning in BIPRU 8.9.24 R (Wider integrated groups: Definition of residual block) which is in summary all exposures to group concentration risk group counterparties falling into BIPRU 8.9.20R (2) not included in a diverse block.