SUP App 1.3 Prudential categories and sub-categories
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 |
IPRU(INV) 1 and 2 |
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Bank* |
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CRED 7, 8, 9, and 10 |
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ICVC* |
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None (unless another prudential category applies) |
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None (unless another prudential category applies) |
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General insurer Friendly society (see above) |
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IPRU(INV) 1 and 5 |
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 |
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None (unless another prudential category applies) |
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None |
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IPRU(INV) 1 and 4 |
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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 |
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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: Broad scope firm Corporate finance advisory firm Dematerialised instruction transmitter Derivative fund manager Other IPRU(INV) 10: Category A Category B Category C Category D Category D - corporate finance advisory firm |
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IPRU(INV) 1 and 6 |
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IPRU(INV) 1, 5 and 7 |
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None (unless another prudential category applies) |
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IPRU(INV) 1 and 4 |
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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 |
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