Related provisions for IFPRU 4.8.27
This table belongs to IPRU-INV 2.1.1R
TYPE OF BUSINESS ACTIVITY |
CHAPTER OF SOURCEBOOK |
(i) managing investments other than for retail clients; or |
|
(ii) OPS activity; or |
Investment management firm (which is an exempt CAD firm) - IPRU-INV 5 and 9 |
(iii) [deleted] |
|
(iv) [deleted] |
|
(ivb) managing an AIF; or |
|
(v) acting as a residual CIS operator; or |
|
(va) establishing, operating or winding up a personal pension scheme; or |
|
(i) advising on, or arrangingdeals in, packaged products; or |
|
(ii) managing investments for retail clients; |
|
(i) a regulated activity carried on as a member of an exchange; or |
Securities and futures firm (which is an exempt CAD firm) - IPRU-INV 9 |
(ii) acting as a market maker in securities or derivatives; or |
Securities and futures firm (which is not a MiFID investment firm) - IPRU-INV 3 |
(iii) corporate finance business; or |
|
(iv) dealing or arranging deals in securities or derivatives, other than interprofessional investments; or |
|
(v) the provision of clearing services as a clearing firm; or |
|
(vi) spread betting; |
- (1)
A firm to which MIPRU does not apply must calculate its capital resources requirement as in (2).
- (2)
The firm must calculate its capital resources requirement as the higher of:
- (a)
£20,000; and
- (b)
the amount equivalent to the applicable percentage of its annual income specified in table 13.13.2(2)(b), depending on the type of firm.
- (a)
Table 13.13.2(2)(b)
This table forms part of IPRU-INV 13.13.2R.
(A) |
(B) Type of firm |
(C) Applicable percentage of annual income |
(1) |
5% |
|
(2) |
10% |
|
(3) |
10% |
|
(4) |
Category B3 firm which is permitted to carry on the activity of managing investments in respect of portfolios containing only life policies or to delegate such activity to an investment firm |
10% |
(5) |
Category B3 firm not in (4) |
5% |
Table Controlled activities
1. |
Accepting deposits |
2. |
Effecting and carrying out contracts of insurance |
3. |
Dealing in securities, structured deposits11and contractually based investments |
4. |
Arranging deals in investments |
4A.4 |
|
104B. |
Credit broking |
104C. |
Operating an electronic system in relation to lending |
114D. |
Operating an organised trading facility |
5. |
Managing investments10 |
105A. |
Debt adjusting |
105B. |
Debt counselling |
6. |
Safeguarding and administering investments |
7. |
Advising on investments |
8. |
Advising on syndicate participation at Lloyd's |
9. |
Providing funeral plan contracts |
10. |
Providing qualifying credit |
11.3 3 |
Arranging qualifying credit etc |
12.3 3 |
Advising on qualifying credit etc10 |
1012A. |
Providing relevant consumer credit |
1012B. |
Providing consumer hire |
313. |
Providing a home reversion plan |
314. |
Arranging a home reversion plan |
315. |
Advising on a home reversion plan |
316. |
Providing a home purchase plan |
317. |
Arranging a home purchase plan |
318. |
Advising on a home purchase plan |
718A. |
Providing a regulated sale and rent back agreement |
718B. |
Arranging a regulated sale and rent back agreement |
718C. |
Advising on a regulated sale and rent back agreement |
19.3 3 |
Agreeing to do anything in 3 to 18C7 above 37 |