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UPRU 2.3 Application of certain rules in the interim prudential sourcebook for investment businesses

UPRU 2.3.1R
  1. (1)

    The following rules in the Interim Prudential sourcebook for investment businesses apply to a firm in respect of qualifying subordinated loans, qualifying undertakings and records:

    1. (a)

      IPRU(INV) 5.2.5(1), (2) and (4) to (7) R; and2

    2. (b)

      IPRU(INV) 5.2.6(3) R.

      2
  2. (2)

    References in those rules to:

    1. (a)

      IPRU(INV) Table 5.2.2(1) R are to be construed as references to UPRU Table 2.2.1 R;

    2. (b)

      IPRU(INV) 5.2.3(1) R are to be construed as references to UPRU 2.1.1 R; and2

    3. (c)

      IPRU(INV) 5.2.1(2) are to be construed as references to UPRU 2.1.1 R.2IPRU(INV) 5.2.1(2) are to be construed as references to UPRU 2.1.1 R