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 App 1 Terms

IPRU-INV 12App1.1GRP

If a defined term does not appear in the IPRU(INV) glossary below, the definition appearing in the main Handbook Glossary applies.

financial resources

a firm’s1 financial resources as calculated in accordance with IPRU(INV) 12.3 (Calculation of financial resources).

financial resources requirement1

an amount of financial resources1 that a firm must hold as set out in IPRU(INV) 12.2 (Financial resources requirements1).