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You are viewing the version of the document as on 2021-10-04.

Timeline guidance

IPRU-INV TP 1 Table: Transitional provisions applying to IPRU(INV)

(1)

(2)

Material to which the transitional provision applies

(3)

(4)

Transitional provision

(5)

Transitional provision: dates in force

(6)

Handbook provision: coming into force

1

[Deleted:

[Deleted:

[Deleted:

2

[Deleted]

[Deleted]

[Deleted]

3

IPRU-INV 9.2.5R and IPRU-INV 13.1.4(2)R (b)

R

[expired]5

5

5

4

13.1.21 and 13.1.23

R

[expired]5

5

5

5

IPRU-INV 11

R

[Deleted] [expired]

6

The changes to IPRU-INV in Annex J of the Alternative Investment Fund Managers Directive Instrument 2013 and Annex C of the Capital Requirements Directive IV (AIFMD and UCITS Consequential Amendments) Instrument 2013

R

[Deleted] [expired]

7

IPRU-INV 11

R

[deleted]5

5

5

8

[spent]

[spent]

[spent]

[spent]

[spent]

9

[spent]

[spent]

[spent]

[spent]

[spent]

10

IPRU(INV) 12

R

[deleted]5

5

5

11

IPRU(INV) 12.2.6R(1)

R

[expired]5

5

5

12

IPRU(INV) 12.3.5R

R

[expired]5

5

5

3

3

3

3

3

3

3

3

3

3

3

3

113

IPRU-INV 13.1A.3R(2)

R

[expired]5

5

5

114

IPRU-INV 13.1A.4R(2)

R

[expired]5

5

5

115

IPRU-INV 13.13.2R(2)(a)

R

[expired]5

5

5

116

IPRU-INV 13.13.3R(2)(a)

R

[expired]5

5

5

117

IPRU-INV 13.15.9R and IPRU-INV 13.15.10R

R

[expired]5

5

5

318

IPRU(INV) 5.4.3R(i)(ib)

R

[expired]5

5

5

319

IPRU(INV) 5.4.8R

R

[expired]5

5

5

420

IPRU(INV) 13.1.20AR and 13.1.20CR

R

The rules referred to in column (2) only apply to a policy effected (including any renewal) after 1 June 2019.

From 1 June 2019 indefinitely

1 June 2019

621

IPRU(INV) 9.2.5R and IPRU(INV) 13.1.10R

R

The new limits of indemnity apply to a professional indemnity policy or a comparable guarantee agreement commenced, renewed or extended with effect from or after 1 August 2021. Any other existing non-annual arrangements must be aligned with the new limits of indemnity before 1 August 2022.

1 August 2021 to 31 July 2022

1 August 2021