Related provisions for BIPRU 12.6.12
1 - 11 of 11 items.
The first condition is that:(1) no less than 75% of the firm's total liabilities are accounted for by retail deposits and no less than 70% of its total assets are accounted for by retail loans; or(2) no less than 75% of the firm's total liabilities are accounted for by retail deposits and no less than 70% of the firm's total assets are accounted for by;(a) money market instruments with a residual contractual maturity of three months or less; or(b) sight deposits held with a credit
(1) The wholesale net cash outflow component is a firm's peak cumulative wholesale net cash outflow over the next three months where the peak is established by:(a) calculating the daily wholesale net cash flow by reference to a firm's wholesale assets maturing that day and its wholesale liabilities falling due on that day;(b) for each of the business days in the next three months, calculating the cumulative total of such daily net cash flows as at the business day in question;
If a firm ceases to be a participant firm part way through a financial year of the compensation scheme:(1) it will remain liable for any unpaid levies which the FSCS has already made on the firm;1(2) the FSCS may make a levy upon it (which may be before or after the firmhas ceased to be a participant firm, but must be before it ceases to be an authorised person) for the costs which it would have been liable to pay had the FSCS made a levy on all participant firms at the time