Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

IPRU-INV 12.4 NOTIFICATION REQUIREMENTS

IPRU-INV 12.4.1GRP

Handbook reference

Matter to be notified

Contents of notification

Trigger event

Time allowed

IPRU-INV 12.2.10R

A change or likely change, in a firm’s financial resources requirement 1

The financial resources requirement 1 as recalculated

A greater than 25% increase in the firm’s total value of the amount of loaned funds outstanding compared to the value used in its last financial resources requirement 1 calculation

Within 14 days of the trigger event