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SUP App 1.3 Prudential categories and sub-categories

SUP App 1.3.1G

Prudential categories and sub-categories used in the Interim Prudential sourcebooks and the Supervision manual

Prudential categories (Note 1)

Applicable prudential requirements (Note 2)

Prudential sub-categories

Authorised professional firm*

IPRU(INV) 1 and 2

Bank*

IPRU(BANK)

EEA bank Overseas bank UK bank

Building society*

IPRU(BSOC)

Credit union

CRED 7, 8, 9, and 10

Version 1 credit union

Version 2 credit union

ELMI

ELM

Friendly society

IPRU(FSOC)

Directive friendly society

Incorporated friendly society

Non-directive friendly society

Registered friendly society

Flat rate benefits business friendly society

ICVC*

None, but see COLL and CIS

Incoming EEA firm

None (unless another prudential category applies)

Incoming Treaty firm

None (unless another prudential category applies)

Insurer*

IPRU(INS) or IPRU(FSOC)

Long term insurer

General insurer

Friendly society (see above)

Investment management firm*

IPRU(INV) 1 and 5

OPS firm

Non-OPS life office

Non-OPS local authority

Individuals admitted to authorisation collectively

Individual whose sole investment business is giving investment advice to institutional or corporate investors

Other

Lead regulated firm

None (unless another prudential category applies)

Media firm*

None

Members' adviser

IPRU(INV) 1 and 4

Personal investment firm*

IPRU(INV) 1 and 13

Category A firm

Category A1 firm

Category A2 firm

Category A3 firm

Category B firm

Category B1 firm

Category B2 firm

Category B3 firm

Low resource firm

Network

Small personal investment firm

Securities and futures firm*

IPRU(INV) 1 and either 3 or 10

There is a special transitional regime for ex-section 43 lead regulated firms - see transitional rules to IPRU(INV).

IPRU(INV) 3:

Adviser

Arranger

Broad scope firm

Corporate finance advisory firm

Dematerialised instruction transmitter

Derivative fund manager

Energy market participant

Local

Oil market participant

Venture capital firm

Other

IPRU(INV) 10:

Category A

Category B

Category C

Category D

Category D - corporate finance advisory firm

Service company*

IPRU(INV) 1 and 6

Society of Lloyd's*

LLD

UCITS management company*

IPRU(INV) 1, 5 and 7

UCITS firm

UCITS investment firm

UCITS qualifier

None (unless another prudential category applies)

Underwriting agent

IPRU(INV) 1 and 4

Managing agent

Members' agent

Note 1 = It is possible for a firm to have more than one prudential category. But it cannot have more than one of the prudential categories marked with a '*'.

Note 2 = Only the requirements in the Interim Prudential sourcebooks, LLD, and CRED are listed in the column. Requirements in other parts of the Handbook will also apply.321