GENPRU 1.1 Application
2 GENPRU applies to a collective portfolio management investment firm that is a BIPRU firm in parallel with IPRU-INV -link- 11 (see IPRU-INV -link-11.6).
8A firm should refer to GEN 2.2.13A R (cross-references in the Handbook) and GEN 2.2.23 R to GEN 2.2.25 G (cutover: application of provisions made by both the FCA and the PRA) when applying the rules and guidance in GENPRU.4
2 28As the FCA does not have the power to impose prudential rules and guidance on PRA-authorised persons, references to PRA-authorised persons or PRArules that are included in FCAGENPRU provisions will not be relevant in the FCA's application of that provision, unless otherwise stated.