IPRU-INV 2.2 FINANCIAL RESOURCES REQUIREMENTS

1. (1)

   A firm must be able to meet its liabilities as they fall due.

2. (2)

   In complying with (1) a firm may use any assets which are available to meet any of its liabilities.

Firms are reminded that:

1. (1)

   requirements relating to the systems and controls which firms must establish and maintain for ensuring compliance with financial resources and other requirements are set out in SYSC.

2. (2)

   the financial reports that a firm is required to make to the FCA are set out in SUP 16.