IPRU-INV 5.2 General requirement

Adequacy of financial resources

IPRU-INV 5.2.1R

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

Basic requirement

IPRU-INV 5.2.2R

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

Financial resources

IPRU-INV 5.2.3R

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.