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You are viewing the version of the document as on 2022-02-28.

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MIFIDPRU 4.1 Application

MIFIDPRU 4.1.1R

1This chapter applies to:

  1. (1)

    a MIFIDPRU investment firm; and

  2. (2)

    a UK parent entity that is required by MIFIDPRU 2.5.7R to comply with MIFIDPRU 4 on the basis of its consolidated situation.

MIFIDPRU 4.1.2R

1Where this chapter applies to a UK parent entity under MIFIDPRU 4.1.1R(2), it applies with the following modifications:

  1. (1)

    1MIFIDPRU 4.2.1R (Initial capital requirement) does not apply; and

  2. (2)

    any reference to a “firm” or “MIFIDPRU investment firm” in this chapter is to the hypothetical single MIFIDPRU investment firm created under the consolidated situation.

MIFIDPRU 4.1.3G

1MIFIDPRU 2.5 contains additional guidance on how a UK parent entity should apply the requirements in this chapter on a consolidated basis.