MIFIDPRU 4.3 Own funds requirement

1A MIFIDPRU investment firm must at all times maintain own funds that are at least equal to its own funds requirement.

1The own funds requirement of a non-SNI MIFIDPRU investment firm is the highest of:

1. (1)

   its permanent minimum capital requirement under MIFIDPRU 4.4;

2. (2)

   its fixed overheads requirement under MIFIDPRU 4.5; or

3. (3)

   its K-factor requirement under MIFIDPRU 4.6.

1The own funds requirement of an SNI MIFIDPRU investment firm is the higher of:

1. (1)

   its permanent minimum capital requirement under MIFIDPRU 4.4; or

2. (2)

   its fixed overheads requirement under MIFIDPRU 4.5.