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UPRU 1.2 Purpose

UPRU 1.2.1G
  1. (1)

    The purpose of this sourcebook is to amplify Principle 4 (Financial prudence) which requires a firm to maintain adequate financial resources to meet its designated investment business commitments and to withstand the risks to which its business is subject. This assists in the achievement of the statutory objectives4 of consumer protectionand protecting and enhancing the integrity of the UK financial system.4

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  2. (2)

    This sourcebook also implements certain requirements of the UCITS Directive which among other matters imposes capital requirements on a UCITS management company.

    2