GENPRU Sch 2 Notification and reporting requirements
11 The aim of the guidance in the following table is to give the reader a quick overall view of the relevant notification requirements. |
2 It is not a complete statement of those requirements and should not be relied on as if it were. |
3 Table |
Handbook reference |
Matter to be notified |
Contents of notification |
Trigger events |
Time allowed |
Intention to change maximum amount of callable contribution |
Fact of intention and details of the change |
Intention to change the maximum amount |
Adequate advance notice, normally not less than 6 months |
|
Breach or expected breach of GENPRU 2.1.13 R or main BIPRU firm Pillar 1 rules |
Fact of breach or expectation of breach |
Breach or expectation of breach |
Immediately |
|
Intention to deduct illiquid assets rather than material holdings |
Fact of intention |
Intention to start or stop using method in column 2 |
One month prior to change of method |
|
Intention to redeem tier one instrument included in tier one capital resources |
Fact of intention |
Intention to redeem |
At least one month prior to intended redemption |
|
Intention to include an unusual transaction in capital under GENPRU 2.2.124 R |
Fact of intention. |
Intention to include in capital |
At least one month prior to inclusion of that capital in capital resources |
|
Proposal to amend a tier two instrument |
Details of the proposed amendment |
Proposal to amend |
One month before amendment is due to take effect |
|
Intention to repay (other than on contractual repayment date) tier two instrument |
Fact of intention and details of how the firm will meet capital resources requirement after such repayment |
Intention to repay |
Six monthsor one monthprior to repayment |
|
Intention to pay interest or principal on subordinated debt included in tier three capital resources if the firm's capital resources are less than 120% of its capital resources requirement |
Fact of intention |
Intention to pay |
One month prior to any payment of interest or principal |
|
Intention to repay (other than on contractual repayment date) tier three capital resources |
Fact of intention and details of how the firm will meet its capital resources requirement after such repayment |
Intention to repay |
One month prior to repayment |