This table belongs to GENPRU 2.2.5 G
Topic |
Location of text |
Application and purpose of the rules in this section |
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BIPRU firms that only have simple types of capital resources (simple capital issuers) |
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Principles underlying the definition of capital resources |
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Which method of calculating capital resources applies to which type of firm |
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Purpose of the limits on the use of different forms of capital |
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Use of higher tier capital in lower tiers |
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Calculation of capital resources for insurers |
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Limits on the use of different forms of capital for insurer (capital resources gearing rules for insurer) |
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Calculation of capital resources for banks |
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Calculation of capital resources for building societies |
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Limits on the use of different forms of capital for banks and building societies (certain types of capital resources cannot be used for certain purposes) |
GENPRU 2.2.44 R8 to GENPRU 2.2.45 R; GENPRU 2.2.47 R to GENPRU 2.2.48 R 8 |
Limits on the use of different forms of capital for banks and building societies (capital resources gearing rules) |
GENPRU 2.2.29 R to GENPRU 2.2.31 G; GENPRU 2.2.46 R; GENPRU 2.2.49 R |
Calculation of capital resources for BIPRU investment firms |
GENPRU 2.2.20 G to GENPRU 2.2.21 G; GENPRU 2 Annex 4 to GENPRU 2 Annex 6 |
Limits on the use of different forms of capital for BIPRU investment firms (certain types of capital resources cannot be used for certain purposes) |
GENPRU 2.2.44 R8 to GENPRU 2.2.45 R; GENPRU 2.2.47 R to GENPRU 2.2.48 R 8 |
Limits on the use of different forms of capital for BIPRU investment firms (capital resources gearing rules) |
GENPRU 2.2.29 R to GENPRU 2.2.31 G; GENPRU 2.2.46 R; GENPRU 2.2.50 R |
Example of how the capital resources calculation for BIPRU firms works |
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Capital used to meet the base capital resources requirement for BIPRU firms |
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12Notification of issuance of capital instruments. |
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Tier one capital instruments: general |
GENPRU 2.2.9 G to GENPRU 2.2.10 G; GENPRU 2.2.62 R to GENPRU 2.2.69 G; GENPRU 2.2.80 R to GENPRU 2.2.82 G |
8Tier one capital: payment of coupons (BIPRU firm only) |
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10General conditions for eligibility of capital instruments as core tier one capital (BIPRU firm only) |
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10Core tier one capital: exception to eligibility criteria (building societies only) |
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Core tier one capital: profit and loss account and other reserves: material applicable to all firms |
GENPRU 2.2.85 R; GENPRU 2.2.87 R to GENPRU 2.2.89 G; GENPRU 2.2.91 G |
Core tier one capital: profit and loss account and other reserves: material specific to BIPRU firms |
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Core tier one capital: provisions relating to partnerships and limited liability partnerships |
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Core tier one capital: share premium account |
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Core tier one capital: externally verified interim net profits |
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Core tier one capital: valuation differences and fund for future appropriations for insurer |
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Core tier one capital: deferred shares (building society only) |
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Tier one capital: perpetual non-cumulative preference shares (insurer only)8 |
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Innovative tier one capital (excluding issues through SPVs) (insurer only)8 |
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8Hybrid capital (excluding issues through SPVs) (BIPRU firm only) |
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Hybrid capital8 (issues through SPVs) (BIPRU firm only)8 8 |
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Tier one capital: conversion ratio |
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Tier one capital: requirement to have sufficient unissued stock |
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Deductions from tier one capital resources |
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Deductions from tier one capital resources and tier two capital resources |
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Deductions from total capital resources |
GENPRU 2.2.14 G to GENPRU 2.2.16 G; GENPRU 2.2.250 R to GENPRU 2.2.265 R |
The effect of swaps |
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Redemption of tier one instruments |
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8Purchases of tier one instruments: BIPRU firm only |
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Redemption of tier two instruments |
GENPRU 2.2.172 R to GENPRU 2.2.174 R; GENPRU 2.2.177 R to GENPRU 2.2.178 R (upper tier two instruments); GENPRU 2.2.194 R to GENPRU 2.2.197 G (lower tier two instruments) |
Non-standard capital instruments |
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Standard form documentation for subordinated debt |
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Public sector guarantees |
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Other capital resources for insurers: unpaid share capital or unpaid initial funds and calls for supplementary contributions |
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Additional requirements for insurer carrying on with-profits insurance business |