You are viewing COREPRU 2.3 Overall financial adequacy rule as it appeared on 25/10/2027. The current version of COREPRU 2.3 Overall financial adequacy rule was last updated on 25/10/2027.

COREPRU 2.3 Overall financial adequacy rule

25/10/2027R
  1. (1) A firm must, at all times, maintain own funds and liquid assets that are adequate in both amount and quality for the business it undertakes.
  2. (2) The requirement in (1) is known as the overall financial adequacy rule.
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The remainder of COREPRU expands upon the overall financial adequacy rule as follows:

  1. (1) COREPRU 3 explains how a firm must quantify its own funds;
  2. (2) COREPRU 4 explains how a firm must calculate an own funds requirement in accordance with a quantified methodology prescribed by the FCA;
  3. (3) COREPRU 5 contains requirements relating to concentration risk;
  4. (4) COREPRU 6 explains how a firm must calculate its basic liquid assets requirement in accordance with a quantified methodology prescribed by the FCA; and
  5. (5) COREPRU 7 explains how a firm must carry out its overall risk assessment.
Point In Time
25/10/2027