FPCOB 15.6 Core capital resources requirement for a firm that only undertakes funeral plan distribution activity

1Subject to FPCOB 15.7.1R, for a firm with a Part 4A permission to carry on funeral plan distribution activity that does not also carry on any other regulated funeral plan activity, the core capital resources requirement, is the higher of:

1. (1)

   £10,000; or

2. (2)

   2.5% of the firm’s annual income.