1This chapter builds upon the appropriate resources threshold condition set out in paragraph 2D of Schedule 6 to the Act (see COND 2.4), which requires firms to have appropriate resources including financial resources.
This chapter also builds upon Principle 4, which requires a firm to maintain adequate financial resources, by focusing upon the adequacy of that part of a firm’s financial resources that consists of capital resources.
The chapter also includes requirements for firms to have professional indemnity insurance if they carry on advice, investigation or representation in relation to a criminal injury claim.
Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.