IFPRU TP 6 Leverage

Application

6.1

R

IFPRU TP 6 applies to an IFPRU investment firm.

Purpose

6.2

G

IFPRU TP 6 contains the rules that exercise the discretion afforded to the FCA as competent authority under article 499(3) of the EU CRR. IFPRU TP 6 applies instead of article 429(2) of the EU CRR (Leverage) for the duration of the transitional.

Duration of transitional

6.3

R

IFPRU TP 6 applies until 31 December 2017.

End-of-quarter level ratio

6.4

R

A firm may calculate the end-of-quarter leverage ratio instead of the leverage ratio that is an arithmetic mean of the monthly leverage ratios over a quarter.