GENPRU TP 7 Pillar 3 capital resources
1Application |
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7.1 |
R |
This section applies to a BIPRU firm. |
Purpose |
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7.2 |
G |
This section implements Article 154(4) of the Banking Consolidation Directive. |
Duration |
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7.3 |
R |
This section applies until 31 December 2012. |
Transitional provision |
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7.4 |
R |
A firm may elect not to apply GENPRU 2.2.239 R (2) to (4) (50:50 split between deductions from tier one capital and tier two capital) to material insurance holdings acquired before 20 July 2006. If a firm elects not to apply GENPRU 2.2.239 R (2) to (4), the firm must deduct such material insurance holdings from the total of tier one capital and tier two capital.2 2 |