SUP App 1.3 Prudential categories and sub-categories
Prudential categories and sub-categories used in the 5Prudential sourcebooks and the Supervision manual
Prudential categories (Note 1) |
Applicable prudential requirements (Note 2) |
Prudential sub-categories |
IPRU(INV) 1 and 2 |
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Bank* |
GENPRU, BIPRU and 5IPRU(BANK) |
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GENPRU, BIPRU and5 IPRU(BSOC) |
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CRED 7, 8, 9, and 10 |
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ICVC* |
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GENPRU, BIPRU, INSPRU and IPRU(BANK)5 5 |
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None (unless another prudential category applies) |
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IPRU(INS) or IPRU(FSOC), GENPRU,8 INSPRU5 and MIPRU8 8 |
General insurer Friendly society (see above) |
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IPRU(INV) 1 and 5 |
Exempt CAD firm (see also IPRU(INV) 9)6 Non-OPS life office Non-OPS local authority Individuals admitted to authorisation collectively Individual whose sole investment business is giving investment advice to institutional or corporate investors Other |
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None (unless another prudential category applies) |
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None |
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IPRU(INV) 1 and 4 |
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IPRU(INV) 1 and 13 |
Category B firm Category B1 firm Category B2 firm Category B3 firm Low resource firm Small personal investment firm 6666 |
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IPRU(INV) 1 and either 3 or 96 There is a special transitional regime for ex-section 43 lead regulated firms - see transitional rules to IPRU(INV). 6 |
IPRU(INV) 3: Broad scope firm Corporate finance advisory firm Dematerialised instruction transmitter Derivative fund manager Exempt BIPRU commodities firm7 Other 666666 |
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IPRU(INV) 1 and 6 |
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| 5 | ||
| 5 | 5 | 5 |
None (unless another prudential category applies) |
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IPRU(INV) 1 and 4 |
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Note 1 = It is possible for a firm to have more than one prudential category. But it cannot have more than one of the prudential categories marked with a '*'. Note 2 = Only the requirements in the Prudential sourcebooks,5 and CRED are listed in the column. Requirements in other parts of the Handbook will also apply.321 5 |
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