‹ PCD-4.1 General Requirements PCD-4.1.2 › PCD-4.1.1 SPVs are subject to the consolidation, deduction, risk weighting and qualifying holdings rules and regulations mentioned in this Module and Chapter CM-4. Amended: April 2014 Amended: January 2011 October 2010 ‹ PCD-4.1 General Requirements PCD-4.1.2 ›