IPRU-INV 5.2 General requirement

1A firm must at all times have available the amount and type of financial resources required by the rules in this chapter.

A firm must ensure that, at all times, its financial resources are not less than its financial resources requirement.

A firm's financial resources means:

1. (a)

   its own funds, if the firm is subject to an own funds requirement under IPRU-INV 5.4.2R or IPRU-INV 5.4.4R; or

2. (b)

   its liquid capital, if the firm is subject to a liquid capital requirement under IPRU-INV 5.4.1R.