• About the FSA
  • What we do
    • International and EU
      • CRD / Basel2
        • Practical information for firms
          • Implementation details
          • Pillar 1 - Advanced approaches
          • Pillar 1 - Standardised approaches
          • Pillar 2
          • Pillar 3
          • Individual guidance
          • BIPRU embedded waivers

This section provides practical information for firms implementing the new capital framework. The aim is to help firms understand how the FSA put the new rules into effect.

In particular where firms are intending to apply for model recognition under one of the advanced approaches available in the new framework, we have set out information on how we conduct our model reviews. These pages do not provide Guidance on FSA rules.

Implementation details

Implementation details: this page contains information on the FSA Handbook rules implementing CRD (and supporting material), the capital floors and regulatory reporting under the CRD.

Pillar 1 - Advanced approaches

Advanced approaches: documents and links in this section will give firms the administrative information and documents that they will need to apply for advanced approaches under Pillar 1 of the new framework.

Pillar 1 - Standardised approaches

List of eligible ECAIs: this page lists the names of the External Credit Assessment Institutions (ECAIs) that have been recognised for the purposes of the Standardised Approach to credit risk and some securitisation-based approaches. It also includes the mapping of each ECAI’s credit assessments to risk weights applicable under the new regime.

Pillar 2

Pillar 2: information on the practical implementation of Pillar 2, including on the Pilot Study, the SREP framework and cross-border issues.

Pillar 3

Pillar 3: general information on the new disclosure requirements under CRD, including on the timing, location and the type of information that could be excluded from the disclosures.

Arrangements for waivers and individual guidance for CRD implementation

BIPRU embedded waivers: this page sets out our approach to waiver requests for BIPRU rules. It lists the BIPRU provisions where an alternative treatment is available to firms via a waiver application. We refer to these as 'embedded waivers' as the waiver option is explicitly embedded in the Handbook text.

Individual guidance:the individual guidance page sets out some practical implications in relation to existing and 'fresh' individual guidance under GENPRU and BIPRU rules. It sets out the issues for firms to take into account when considering whether they can continue to place reliance on individual guidance issued in respect of IPRU Handbook provisions.

Newsletters	Date
CRD Implementation Bulletin Issue 8 - Banks and building societies [PDF] CRD Implementation Bulletin Issue 8 - Investment firms [PDF]	November 2007