Related provisions for GENPRU 2.2.61
This table belongs to BIPRU 5.4.34 R.
Other collateral or exposure types |
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20 day liquidation period (%) |
10 day liquidation period (%) |
5 day liquidation period (%) |
|
Main index equities, main index convertible bonds |
21.213 |
15 |
10.607 |
Other equities or convertible bonds listed on a recognised investment exchange or designated investment exchange |
35.355 |
25 |
17.678 |
Cash |
0 |
0 |
0 |
Gold |
21.213 |
15 |
10.607 |
Exempt CAD firms |
OPS firms (see Note 1 below) |
Non-OPS Life Offices and Non-OPS Local Authorities |
Individuals admitted to membership collectively |
|
Financial resources rules |
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No (see Note 3 below) |
No |
No |
Yes |
|
Individuals whose sole investment business is giving investment advice to institutional or corporate investors |
Firms subject to "lead regulator arrangements" |
All other firms |
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Financial resources rules |
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No |
No |
Yes |
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(see Note 2 below) |
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Accounting records rules |
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IPRU-INV 5.3.1R (1) to 5.3.1R(6) |
No |
Yes |
Yes |
|
Note 1. Firms are referred to the specific compliance reports for OPS firms required by Chapter 16 of the Supervision Manual. |
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Note 2. A firm subject to "lead regulator arrangements" whereby a body other than the FCA is responsible for its financial regulation shall comply with the corresponding financial resources rules and financial returns rules of that body, and a breach of such rules shall be treated as a breach of the rules of the FCA. |
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Note 3. The financial and non-financial resources rules for an exempt CAD firm are set out in IPRU-INV chapter 9. However, IPRU-INV 5.2.1R to 5.7.3R apply to an exempt CAD firm for the purpose of calculating its own funds (see IPRU-INV 9.2.9R(2)(a)) (although the Category A items of Tier 1 capital as set out in IPRU-INV 5.8.1R are replaced by all the items in IPRU-INV 9.3.1R) and if it carries on any regulated activity other than MiFID business (see IPRU-INV 9.2.3R). |
Table: Capital treatment for free deliveries
This table belongs to BIPRU 14.4.2 R.
Transaction Type |
Up to first contractual payment leg or delivery leg |
From first contractual payment leg or delivery leg up to four days after second contractual payment leg or delivery leg |
From 5 business days post second contractual payment leg or delivery leg until extinction of the transaction |
No capital charge in the trading book |
Treat as an exposure |
Deduct value transferred plus current positive exposure from capital resources |
[Note: CAD Annex II Table 2]
The following rules allow inclusion of members' capital within a firm's capital if it meets the conditions in this annex:
Chapter |
IPRU(INV) rule |
How eligible LLP members' capital should be treated for the purposes of the IPRU(INV) rule |
3 |
Table 3-61 |
Eligible LLP members' capital may be counted as Tier 1 capital under item "A" within Table 3-61. |
5 |
Table 5.2.2 (1): Item (1A) |
Eligible LLP members' capital may be counted as Tier 1 capital within Category A of Table 5.2.2(1). |
9 |
9.3.1 |
Eligible LLP members' capital may be counted as initial capital with IPRU-INV 9.3.1 |
10 |
Table 10-61(1)A Table 10-61(1)B Table 10-62(2)A Table 10-62(2)B Table 10-62(2)C |
Eligible LLP members' capital may be counted as initial capital within the relevant table. |
11 |
Table 11.4 |
Eligible LLP members' capital may be counted as Item (5) in Table 11.4. |
13 |
1 | Eligible LLP members' capital may be counted as capital resources relating to companies in IPRU-INV 13.15.3(1). Eligible LLP members' capital may be counted as initial capital within IPRU-INV 13.1A.6. |