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IFPRU 4.1 Application and purpose

Application

IFPRU 4.1.1 R

1IFPRU 4 applies to an IFPRU investment firm, unless it is an exempt IFPRU commodities firm.

Purpose

IFPRU 4.1.2 G

This chapter:

  1. (1)

    implements article 78 of CRD;

  2. (2)

    contains the rules that exercise the discretion afforded to the FCA as competent authority under articles 115, 119(5), 124(2), 125(3), 126(2), 178(1)(b), 243(2), 244(2), 286(2), 298(4) and 380 of the EU CRR; and

  3. (3)

    contains the guidance in relation to the IRB approach, securitisation, counterparty credit risk and credit risk mitigation.