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initial capital

  1. (1) (in ELM) items coming into stage A of the calculation in ELM 2.4.2 R (Calculation of initial capital and own funds).27
  2. (2)

    1. (3) (in UPRU) capital calculated in accordance with UPRU Table 2.2.1 R (Method of calculation of financial resources) composed of the specified items set out in that Table.4952
    2. (4) (in the case of a BIPRU firm) capital resources included in stage A (Core tier one capital) of the capital resources table plus capital resources included in stage B of the capital resources table (Perpetual non-cumulative preference shares);52
    3. (5) (in the case of an institution that is an EEA firm) capital resources calculated in accordance with the CRD implementation measures of its Home State for Article 4 of the Capital Adequacy Directive (Definition of initial capital) or Article 9 of the Banking Consolidation Directive (Initial capital requirements);87 52
    4. (6) (for the purposes of the definition of dealing on own account and in the case of an undertaking not falling within (3) or (4)) capital resources calculated in accordance with (3) and paragraphs (3) and (4) of the definition of capital resources; and87 52
    5. (7) (in IPRU(INV) 13) the initial capital of a firm calculated in accordance with IPRU(INV) 13.1A.6R.87