Related provisions for PERG 8.14.38
Table Controlled investments
1. |
A deposit. |
2. |
Rights under a contract of insurance. |
3. |
Shares etc. |
4 |
Instruments creating or acknowledging indebtedness (referred to in the Glossary as debentures and alternative debentures).9 |
5. |
Government and public securities. |
6. |
Instruments giving entitlement to investments (referred to in the Glossary as warrants). |
7. |
Certificates representing certain securities. |
8. |
Units in a collective investment scheme. |
9. |
Rights under a stakeholder pension scheme or a personal pension scheme2. |
10. |
Options. |
11. |
Futures. |
12. |
Contracts for differences etc. |
1112A. |
Emission allowances |
13. |
Lloyd's syndicate capacity and syndicate membership. |
14. |
Funeral plan contracts |
15. |
Agreements for qualifying credit |
316. |
Rights under a home reversion plan. |
317. |
Rights under a home purchase plan. |
717A. |
Rights under a regulated sale and rent back agreement 10 |
1017B. |
Rights under a relevant credit agreement (including rights under a paragraph 4C agreement) |
1017C. |
Rights under a consumer hire agreement |
1417D. |
Qualifying cryptoassets |
18.3 3 |
Rights to or interests in anything falling under 1 to 143or 17D 14 above. 3 |
1A firm must calculate its own funds and liquid capital as shown below, subject to the detailed requirements set out in IPRU-INV 5.8.2R.
Financial resources |
Category |
IPRU-INV 5.8.2R paragraph |
||
Tier 1 |
||||
(1) |
Paid-up share capital (excluding preference shares) |
A |
||
(1A) |
Eligible LLP members' capital |
|||
(2) |
Share premium account |
|||
(3) |
Reserves |
2A |
||
(4) |
Non-cumulative preference shares |
|||
Less: |
(5) |
Investments in own shares |
B |
|
(6) |
Intangible assets |
|||
(7) |
Material current year losses |
4 |
||
(8) |
Material holdings in credit and financial institutions2 |
52 |
||
(8A) |
Excess LLP members' drawings |
|||
Tier 1 capital = (A-B) |
C |
|||
Plus: TIER 2 |
1 |
|||
(9) |
Revaluation reserves |
D |
||
(10) |
Fixed term cumulative preference share capital |
|||
(11) |
Long-term Qualifying Subordinated Loans |
26 |
||
(12) |
Other cumulative preference share capital and debt capital2 |
|||
(13) |
Qualifying arrangements |
7 |
||
"Own Funds" = (C+D) |
E |
|||
Plus: TIER 3 |
||||
(14) |
Net trading book profits |
F |
28 |
|
(15) |
Short-term Qualifying Subordinated Loans and excess Tier 2 capital |
1(b)2; 9 |
||
Less: |
(16) |
Illiquid assets |
G |
10 |
Add: |
(17) |
Qualifying Property |
11 |
|
"Liquid Capital" = (E+F+G) |