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PERG 13 Annex 3 Annex 3

Are you subject to the CRD and EU CRR (or allowed to be subject to the recast CAD)?2

PERG13_Annex 3_20140101

IFPRU investment firms (excluding collective portfolio management investment firms)2

Are we an IFPRU 50K firm, an IFPRU 125K firm or an IFPRU 730K firm?2



It is possible, in principle, that an IFPRU investment firm2 may only provide the investment service of investment advice and hold client funds or securities, in which case the starting point is generally that it is an IFPRU 730K firm.2 In practice, if such a firm wishes to benefit from a lower capital treatment (for example euro 125,000), it may wish to add an arranging (bringing about) deals in investments element to its permission to enable it to receive and transmit orders in relation to MiFID instruments.