GENPRU Sch 2 Notification and reporting requirements

11 The aim of the guidance in the following table is to give the reader a quick overall view of the relevant notification requirements.

2 It is not a complete statement of those requirements and should not be relied on as if it were.

3 Table

Handbook reference

Matter to be notified

Contents of notification

Trigger events

Time allowed

GENPRU 1.5.19 R

[PRA]

Intention to change maximum amount of callable contribution

Fact of intention and details of the change

Intention to change the maximum amount

Adequate advance notice, normally not less than 6 months

GENPRU 2.1.11 R

[FCA] [PRA]

Breach or expected breach of GENPRU 2.1.13 R or main BIPRU firm Pillar 1 rules

Fact of breach or expectation of breach

Breach or expectation of breach

Immediately

[deleted]

5

5GENPRU 2.2.61B R

[FCA] [PRA]

Intention to issue a capital instrument for inclusion in capital resources

Fact of intention and details of intended amount, issue date, type of investor, stage of capital, features of instrument and confirmation of compliance with rules

Intention to issue

One month prior to issue, unless exceptional circumstances prevent a firm adhering to a one-month period

5GENPRU 2.2.61C R

[FCA] [PRA]

Proposed changes to details of the issue of a capital instrument notified under GENPRU 2.2.61B R

Proposed change and all information required under GENPRU 2.2.61B R (1) to GENPRU 2.2.61B R (4)

Intention to change any details of the issue previously notified to the appropriate regulator

As soon as the changes are proposed

5GENPRU 2.2.61D R

[FCA] [PRA]

Proposed establishment of a debt securities program

All information required under GENPRU 2.2.61B R (1) to GENPRU 2.2.61B R (4)

Intention to establish

One month prior to first drawdown

5GENPRU 2.2.61F R

[FCA] [PRA]

Issue of capital instruments for inclusion in capital resources where instrument or facility previously notified to the appropriate regulator

All information required under GENPRU 2.2.61B R (1) to GENPRU 2.2.61B R (3) and confirmation no changes have been made to the terms of the instrument since a previous similar issue

Intention to issue

No later than date of issue

GENPRU 2.2.74 R

[FCA] [PRA]

Intention to redeem tier one instrument included in tier one capital resources

Fact of intention and details of the firm's position after such redemption in order to show how it will meet the capital resources requirement,3 how it will have sufficient financial resources to meet the overall financial adequacy rule2 and, in the case of a BIPRU firm, how it will not otherwise suffer any undue effects to its financial or solvency conditions3

Intention to redeem

At least one month prior to becoming committed to redeem2

2

[deleted]

3

[deleted]

4

[deleted]

4

[deleted]

GENPRU 2.2.171 R

[FCA] [PRA]

Proposal to amend a tier two instrument

Details of the proposed amendment

Proposal to amend

One month before amendment is due to take effect

GENPRU 2.2.174 R

[FCA] [PRA]

Intention to repay (other than on contractual repayment date) tier two instrument

Fact of intention and details of the firm's position after such repayment in order to show 2how it will meet the2 capital resources requirement and how it will have sufficient financial resources to meet the overall financial adequacy rule2

22

Intention to repay

Six Months (in the case of an insurer) 2or one Month (in the case of a BIPRU firm) 2prior to becoming committed to 2repayment

22

[deleted]

[deleted]