Section 34(3)

For the purposes of determining the appropriate level of own funds on the basis of a SREP, the PRA ... must assess whether any imposition of an additional own funds requirement in excess of the own funds requirement is necessary to capture risks to which an institution is or might be exposed, taking into account the following: the quantitative and qualitative aspects of the institution's assessment process referred to in Directive 2013/36/EU UK law which implemented Article 73 of the capital requirements directive; the institution's arrangements, processes and mechanisms referred to in Directive 2013/36/EU UK law which implemented Article 74 of the capital requirements directive; and the outcome of the SREP or internal model review; ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

← 2 · All articles · 3A →

Source: legislation.gov.uk · retrieved 2026-09-04