Related provisions for IFPRU 11.2.1

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IFPRU 11.1.1RRP
IFPRU 11 applies to:(1) an IFPRU 730k firm that is not subject to supervision on a consolidated basis; (2) a firm that is an RRD group member; (3) a qualifying parent undertaking that is an RRD group member; and(4) a qualifying parent undertaking that is a mixed activity holding company of an IFPRU 730k firm.
IFPRU 11.1.2GRP
(1) An IFPRU 730k firm that is not subject to supervision on a consolidated basis will not be an RRD group member.(2) An IFPRU 730k firm may be subject to supervision on a consolidated basis by the FCA or the PRA2.
IFPRU 11.1.7GRP

The table below summarises whether a section of IFPRU 11 applies to a firm or qualifying parent undertaking:

(1) IFPRU 730k firm that is not subject to supervision on a consolidated basis

(2) firm or qualifying parent undertaking that is the UK parent undertaking2 of an RRD group

2

(4) firm or qualifying parent undertaking that is a subsidiary of a UK parent undertaking2 of an RRD group

(5) qualifying parent undertaking that is a mixed activity holding company of an IFPRU 730k firm

IFPRU 11.1 (Application and purpose)

Yes

Yes

2

Yes

Yes

IFPRU 11.2 (Individual recovery plans)

Yes

No

2

No

No

IFPRU 11.3 (Group recovery plans)

No

Yes

2

No

No

IFPRU 11.4 (Information for resolution plans)

Yes

Yes

2

No

No

IFPRU 11.5 (Intra-group financial support)

No

Yes

2

Yes

Yes (note 12)

IFPRU 11.6 (Contractual recognition of bail-in)

Yes

Yes

2

Yes

Yes (note 22)

IFPRU 11.7 (Notifications)

Yes

Yes

2

Yes

Yes

2

Note 12: IFPRU 11.5 only applies to mixed activity holding companies of an IFPRU 730k firm in an RRD group.

Note 22: IFPRU 11.6 only applies to mixed activity holding companies that do not hold an RRD institution using an intermediate financial holding company or mixed financial holding company.