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Status: You are viewing the version of the handbook as on 2009-03-31.

SUP App 1.4 Relevance of prudential categories

SUP App 1.4.1G

Many, but not all, of the categories are used only in the the Prudential Standards part of the Handbook1 and the Supervision manual. The prudential category of a firm will normally determine:

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  1. (1)

    which module of the Prudential Standards part of the Handbook1 is applicable to the firm;

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  2. (2)

    if the firm is subject to the IPRU(INV), which chapter of that sourcebook is applicable to the firm;

  3. (3)

    whether particular chapters of the Supervision manual are applicable to the firm; and

  4. (4)

    if the firm is subject to SUP 3 (Auditors), SUP 16 (Reporting) or SUP 17 (Transaction reporting), which parts of those chapters apply to the firm.

SUP App 1.4.2G

In some cases, a firm may also fall within a prudential sub-category. This will determine which provisions within a particular sourcebook or chapter apply to the firm.

SUP App 1.4.3G

If a firm is part of a group, each authorised member of the group will have its own prudential category. Firms should refer to the provisions of the relevant module of the Prudential Standards part of the Handbook1 to determine whether and, if so, how consolidated supervision applies.

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