PRU 4.13.1

Past version: effective from 21/10/2015 - 20/10/2015
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(1) An Authorised Person may not recognise the effects of CRM unless:
(a) all documentation relating to that mitigation is binding on all relevant parties and legally enforceable in all relevant jurisdictions; and
(b) the Authorised Person complies with the Rules set out in this Section, as applicable.
(2) Where the calculation of Credit RWA already takes into account the Credit Risk mitigant, the provisions of this Section do not apply.