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Version date: 9 July 2021 - onwards

3 Interpretative provisions

3.1 In the interpretative provisions chapter of the CP, the PRA proposed to amend the Interpretation Part of the PRA Rulebook in a number of areas. One respondent expressed support for the proposals (which include an interpretative provision that terms used in the new rules have the same meaning they have in the CRR). This respondent suggested it would be useful to identify more clearly the CRR-defined terms in the PRA Rulebook. The PRA has considered this suggestion and sees merit in showing (eg by linking to the definition) where a term is defined in the CRR. Due to the difficulty in completing this task in the time available, the PRA will consider whether more links to externally defined terms could be inserted into the PRA Rulebook.