Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2022-01-02.

Timeline guidance

Alternative versions

  3. Point in time
    2022-01-02

IPRU-INV 11.6 ADDITIONAL REQUIREMENTS FOR COLLECTIVE PORTFOLIO MANAGEMENT INVESTMENT FIRMS

IPRU-INV 11.6.1GRP

A collective portfolio management investment firm is required to comply with MIFIDPRU in addition to IPRU-INV 11.3

IPRU-INV 11.6.2GRP
  1. (1)

    A collective portfolio management investment firm may undertake the following MiFID business: portfolio management; investment advice; safekeeping and administration in relation to shares or units of collective investment undertakings; and (if it is an AIFM investment firm) reception and transmission of orders in relation to financial instruments.

  2. (2)

    [deleted]3

    111
IPRU-INV 11.6.3GRP

A collective portfolio management investment firm is required to comply with the applicable requirements of MIFIDPRU3, in parallel with its requirements under IPRU-INV 11. This means that a capital instrument or liquid asset3 may be used to meet either or both sets of requirements provided it meets the conditions set out in the relevant sourcebook.

IPRU-INV 11.6.4GRP
  1. (1)

    [deleted]3

    2
  2. (2)

    [deleted]3

    2
IPRU-INV 11.6.5GRP
  1. (1)

    [deleted]3

    212
  2. (2)

    [deleted]3

    2
IPRU-INV 11.6.6G

3A collective portfolio management investment firm is not required to include its collective portfolio management activities when calculating its K-factor metrics under MIFIDPRU.