Related provisions for IPRU-INV 13.1A.3

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(1) A firm that is also an IMD insurance intermediary must have professional indemnity insurance at least equal to the limits set out in 13.1.10R1 and in addition must2 have:(a) initial capital of EUR 25,000; or (b) professional indemnity insurance at least equal to the requirements1 of 13.1.12R1and 13.1.15R1 to 13.1.27R1; or 2(c) a combination of initial capital and professional indemnity insurance in a form resulting in a level of coverage equivalent to (a) or (b). [Note: