Related provisions for IPRU-INV 9.5.5
1 - 2 of 2 items.
Perpetual long-term subordinated loans and perpetual cumulative preference share capital may not be included in the calculation of own funds unless they meet the following requirements:
(1) it may not be reimbursed on the holder's initiative or without the prior agreement of the FCA;
(2) the instrument must provide for the firm to have the option of deferring the dividend payment on the share capital; (3) the shareholder's