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BIPRU TP 23 Record keeping transitionals

1Application

23.1

R

This section applies to a BIPRU investment firm.

Duration of transitional

23.2

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This section applies until 1 November 2007.

Continuing record keeping requirements

23.3

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A firm in the first column of the table in BIPRU TP 23.4R must comply with the rules in IPRU(INV) specified in the second column adjusted in accordance with BIPRU TP 23.5R.

23.4

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Table: List of IPRU reporting rules

This table belongs to BIPRU TP 23.3R

Type of firm

IPRU(INV) rules

Investment management firm

Rule 5.3.1 of chapter 5

UCITS investment firm

Rules 7.4.1(c) and 7.6.2 of chapter 7

Securities and futures firm

Rules 10-10, 10-11 and 10-12 of chapter 10

Personal investment firm

Rules 13.1.10 to 13.1.17 of chapter 13

Adjustments

23.5

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The adjustments referred to in BIPRU TP 23.3R are as follows:

(1)

a reference to a firm's financial resources requirements must be read as a reference to its obligations under GENPRU 2.1 (Calculation of capital resources requirement) and any capital resources requirement under BIPRU TP;

(2)

the terms trading book and non-trading book have the meanings in the Glossary; and

(3)

a reference to requirements in IPRU(INV) must be read as a reference to the requirements of GENPRU and BIPRU applicable to the firm concerned.