PRU 4.14.54

Past version: effective from 21/10/2015 - 20/10/2015
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For an Authorised Person subject to the Capital Requirement referred to in Rule 4.14.51, the maximum Credit RWA calculated under that Rule must not exceed the greater of the following:

(a) the RWA amounts calculated in respect of its positions in the investors' interest; or
(b) the RWA amounts that would be calculated in respect of the securitised Exposures, if those had not been securitised.