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FCA Handbook
BIPRU
BIPRU TP 26 Quantitative aspects of BIPRU 12: all ...

BIPRU TP 26 Quantitative aspects of BIPRU 12: all firms to which BIPRU 12 applies

1Application
26.1	R	BIPRU TP 26 applies to a firm which as at 1 December 2009 falls into BIPRU 12.1.1 R.

	Transitional provisions
26.2

(1)	(2)	(3)	(4)	(5)	(6)
	Material to which the transitional provision applies		Transitional Provision	Transitional provision: dates in force	Handbook provisions: coming into force
1	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with Chapter LS of IPRU(BANK), the sections listed in column (2) do not apply.	1 December 2009 until 31 May 2010	1 December 2009
2	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	Subject to (3), in relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with IPRU(BSOC), the sections listed in column (2) do not apply.	1 December 2009 until 31 May 2010	1 December 2009
3	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with IPRU(BSOC) and which as at 1 June 2010 has a simplified ILAS waiver, the sections listed in column (2) do not apply.	1 December 2009 until 30 September 2010	1 December 2009
4	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with Chapter LM of IPRU(BANK) and which is not an incoming EEA firm or a third country BIPRU firm, the sections listed in column (2) do not apply.	1 December 2009 until 30 September 2010	1 December 2009
5	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	In relation to a firm which as at 30 November 2009 calculates its liquidity resources in accordance with Chapter LM of IPRU(BANK) and which is an incoming EEA firm or a third country BIPRU firm, the sections listed in column (2) do not apply.	1 December 2009 until 31 October 2010	1 December 2009
6	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	In relation to an incoming EEA firm or a third country BIPRU firm which as at 30 November 2009 has a Global Liquidity Concession (as described in IPRU(BANK) Chapter LM 4(2)), the sections listed in column (2) do not apply.	1 December until 31 October 2010 or, if earlier, the date on which the firm ceases to have a Global Liquidity Concession	1 December 2009
7	BIPRU 12.2 and BIPRU 12.5 to BIPRU 12.9	R	In relation to a firm which as at 1 December 2009 is a full scope BIPRU investment firm and which is also an ILAS BIPRU firm, the sections listed in column (2) do not apply.	1 December 2009 until 31 October 2010	1 December 2009
8	BIPRU 12.2 and BIPRU 12.8	R	In relation to a firm which as at 1 December 2009 is a non-ILAS BIPRU firm, the sections listed in column (2) do not apply.	1 December 2009 until 31 October 2010	1 December 2009

		Guidance for a firm which becomes an ILAS BIPRU firm or non-ILAS BIPRU firm after 1 December 2009
26.3	G	BIPRU TP 26 applies to a firm which becomes either an ILAS BIPRU firm or a non-ILAS BIPRU firm (as the case may be) on 1 December 2009. A firm which becomes an ILAS BIPRU firm or non-ILAS BIPRU firm after that date and before the end of the transitional period which would otherwise have applied will not therefore have the benefit of those rules and will be expected to comply with the rules and guidance in BIPRU 12 from the date on which it becomes either an ILAS BIPRU firm or a non-ILAS BIPRU firm (as the case may be).