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own funds

  1. (1) (in GENPRU (except GENPRU 3 (Cross sector groups) and BIPRU (except BIPRU 12 (Liquidity standards))61 own funds as described in articles 56 to 67 of the Banking Consolidation Directive.
  2. (2) [deleted]
  3. (2A) 62(in IPRU(INV) 11) has the meaning in article 4(1)(118) of the EU CRR.
  4. (3) (in IPRU(INV) 8) capital, as defined in CREDS 5.2.1 R.
  5. (3A) (in IPRU(INV) 13) the own funds of a firm calculated in accordance with:77
    1. (a) IPRU(INV) 13.1A.14R (Own funds) for a personal investment firm that is an exempt CAD firm; or77
    2. (b) IPRU(INV) 13.10.2R to IPRU(INV) 13.10.2AR (Calculation of own funds) for a personal investment firm that is a category B firm whose permission includes establishing, operating or winding up a personal pension scheme.77
  6. 65(4) [deleted]65
  7. (5) (except in (1) to (4)) has the meaning in article 4(1)(118) of the CRR.61

This definition refers to provisions of the UK CRR in the form in which it stood at 31 December 2021. That version of the UK CRR can be found on legislation.gov.uk using this link.