PRU 3.18.2

Past version: effective from 21/10/2015 - 20/10/2015
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An Authorised Person must calculate its Leverage Ratio in accordance with the following formula: Leverage Ratio = Capital Measure ÷ Exposure Measure

Where:

(a) "Capital Measure" represents Tier 1 Capital of the Authorised Person calculated in accordance with Rule 3.12.1; and
(b) "Exposure Measure" represents the value of Exposures of the Authorised Person calculated in accordance with Rule 3.18.3.