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FCA Handbook
IPRU-INV
IPRU-INV 11
IPRU-INV 11.6 ADDITIONAL REQUIREMENTS FOR COLLECTI...

Alternative versions

2015-12-30
2021-01-01
2022-01-01

Point in time

2024-04-25

IPRU-INV 11.6 ADDITIONAL REQUIREMENTS FOR COLLECTIVE PORTFOLIO MANAGEMENT INVESTMENT FIRMS

IPRU-INV 11.6.1G01/01/2022

A collective portfolio management investment firm is required to comply with MIFIDPRU in addition to IPRU-INV 11.3

IPRU-INV 11.6.2G01/01/2022

(1)
A collective portfolio management investment firm may undertake the following MiFID business: portfolio management; investment advice; safekeeping and administration in relation to shares or units of collective investment undertakings; and (if it is an AIFM investment firm) reception and transmission of orders in relation to financial instruments.
(2)
[deleted]3
1 1 1

IPRU-INV 11.6.3G01/01/2022

A collective portfolio management investment firm is required to comply with the applicable requirements of MIFIDPRU 3, in parallel with its requirements under IPRU-INV 11. This means that a capital instrument or liquid asset3 may be used to meet either or both sets of requirements provided it meets the conditions set out in the relevant sourcebook.

IPRU-INV 11.6.4G01/01/2022

(1)
[deleted]3
2
(2)
[deleted]3
2

IPRU-INV 11.6.5G01/01/2022

(1)
[deleted]3
2 1 2
(2)
[deleted]3
2

IPRU-INV 11.6.6G01/01/2022

3A collective portfolio management investment firm is not required to include its collective portfolio management activities when calculating its K-factor metrics under MIFIDPRU.