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  1. Point in time
    2012-01-01

BIPRU TP 31 Consequential changes to the Handbook occasioned by BIPRU 12: all firms to which BIPRU 12 applies

1Application

31.1

R

BIPRU TP 31 applies to a firm which as at 1 December 2009 falls into BIPRU 12.1.1 R.

31.2

G

The Prudential Sourcebook for Banks, Building Societies and Investment Firms (Liquidity) (Consequential Amendments) Instrument 2009 (FSA 2009/68) comes into force on 1 December 2009 (with the exception of Annex F which comes into force on 1 June 2010). The effect of BIPRU TP 26 is that the quantitative aspects of BIPRU 12 are disapplied for a period following 1 December 2009, the exact period of disapplication varying according to the type of firm in question. As a result of the phased application of the quantitative aspects of BIPRU 12, the associated consequential Handbook changes are also phased. BIPRU TP 31 deals with the phasing of those consequential Handbook changes.

31.3

Transitional Provisions

(1)

(2)

(3)

(4)

(5)

(6)

Material to which the transitional provision applies

Transitional Provision

Transitional provision: dates in force

Handbook provisions: coming into force

1

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with Chapter LS of IPRU(BANK), the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 31 May 2010

1 December 2009

2

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

Subject to (3), in relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with IPRU(BSOC), the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 31 May 2010

1 December 2009

3

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with IPRU(BSOC) and which as at 1 June 2010 has a simplified ILAS waiver, the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 30 September 2010

1 December 2009

4

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with Chapter LM of IPRU(BANK) and which is not an incoming EEA firm or a third country BIPRU firm, the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 30 September 2010

1 December 2009

5

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with Chapter LM of IPRU(BANK) and which is an incoming EEA firm or a third country BIPRU firm, the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 31 October 2010

1 December 2009

6

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to an incoming EEA firm or a third country BIPRU firm which as at 30 November 2009 has a Global Liquidity Concession, the changes effected by the Annex listed in column (2) do not apply.

1 December until 31 October 2010 or, if earlier, the date on which the firm ceases to have a Global Liquidity Concession

1 December 2009

7

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to a firm which as at 1 December 2009 is a full scope BIPRU investment firm and which is also an ILAS BIPRU firm, the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 31 October 2010

1 December 2009

8

The changes to GENPRU set out in Annex C (Part 2) to instrument FSA 2009/68.

R

In relation to a firm which as at 1 December 2009 is a non-ILAS BIPRU firm, the changes effected by the Annex listed in column (2) do not apply.

1 December 2009 until 31 October 2010

1 December 2009