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You are viewing the version of the document as on 2023-09-29.

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    2023-09-29

This chapter includes rules that refer to provisions of the UK CRR in the form in which it stood at 31 December 2021. That version of the UK CRR can be found on legislation.gov.uk using this link.

IPRU-INV 5.2 General requirement

Adequacy of financial resources

IPRU-INV 5.2.1RRP

1A firm must at all times have available the amount and type of financial resources required by the rules in this chapter.

Basic requirement

IPRU-INV 5.2.2RRP

A firm must ensure that, at all times, its financial resources are not less than its financial resources requirement.

Financial resources

IPRU-INV 5.2.3RRP

A firm's financial resources means:

  1. (a)

    its own funds, if the firm is subject to an own funds requirement under IPRU-INV 5.4.2R2; or

  2. (b)

    its liquid capital, if the firm is subject to a liquid capital requirement under IPRU-INV 5.4.1R.