PRU 3.21.2
Past version: effective from 21/02/2020 - 20/02/2020
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An Authorised Person must calculate its Leverage Ratio in accordance with the following methodology:
Leverage Ratio = Capital Measure ÷ Exposure Measure
where:
(a) "Capital Measure" represents the Tier 1 Capital of the Authorised Person calculated in accordance with Rule 3.9.1; and
(b) "Exposure Measure" represents the value of Exposures of the Authorised Person calculated in accordance with Rules 3.21.5 and 3.21.6.