SUP App 1.4 Relevance of prudential categories

Many, but not all, of the categories are used only in the Interim Prudential sourcebooks and the Supervision manual. The prudential category of a firm will normally determine:

1. (1)

   which Interim Prudential sourcebook is applicable to the firm;

2. (2)

   if the firm is subject to the IPRU(INV), which chapter of that sourcebook is applicable to the firm;

3. (3)

   whether particular chapters of the Supervision manual are applicable to the firm; and

4. (4)

   if the firm is subject to SUP 3 (Auditors), SUP 16 (Reporting) or SUP 17 (Transaction reporting), which parts of those chapters apply to the firm.

In some cases, a firm may also fall within a prudential sub-category. This will determine which provisions within a particular sourcebook or chapter apply to the firm.

If a firm is part of a group, each authorised member of the group will have its own prudential category. Firms should refer to the provisions of the relevant Interim Prudential sourcebooks to determine whether and, if so, how consolidated supervision applies.