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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 5Prudential 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*

GENPRU, BIPRU and 5IPRU(BANK)

EEA bank Overseas bank UK bank

5BIPRU investment firm

GENPRU and BIPRU

Full scope BIPRU investment firm

BIPRU limited licence firm

BIPRU limited activity firm

Building society*

GENPRU, BIPRU and5 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

8Home finance administrator

MIPRU

8Home finance intermediary

MIPRU

8Home finance provider

MIPRU

ICVC*

None, but see COLL and CIS

Incoming EEA firm

GENPRU, BIPRU, INSPRU and IPRU(BANK)5

5

EEA bank5

Incoming Treaty firm

None (unless another prudential category applies)

8Insurance intermediary

MIPRU

Insurer*

IPRU(INS) or IPRU(FSOC), GENPRU,8 INSPRU5 and MIPRU8

8

Long term insurer

General insurer

Friendly society (see above)

Investment management firm*

IPRU(INV) 1 and 5

Exempt CAD firm (see also IPRU(INV) 9)6

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 B firm

Category B1 firm

Category B2 firm

Category B3 firm

Exempt CAD firm6

Low resource firm

Network

Small personal investment firm

6666

Securities and futures firm*

IPRU(INV) 1 and either 3 or 96

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

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IPRU(INV) 3:

Adviser

Arranger

Broad scope firm

Corporate finance advisory firm

Dematerialised instruction transmitter

Derivative fund manager

Energy market participant

Exempt BIPRU commodities firm7

Local

Oil market participant

Venture capital firm

Other

IPRU(INV) 9:6

Exempt CAD firm6

666666

Service company*

IPRU(INV) 1 and 6

Society of Lloyd's*

INSPRU and IPRU(INS)5

5

UCITS firm*5

5

UPRU5

5
5

5UCITS investment firm

GENPRU and BIPRU

UCITS qualifier

None (unless another prudential category applies)

4UK ISPV

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 Prudential sourcebooks,5 and CRED are listed in the column. Requirements in other parts of the Handbook will also apply.321

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