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 |
[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 |
[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 | |||
[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 |
[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 |
[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 |
[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 |
[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] |
||||
[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 |
[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] |