UPRU 2.3 Application of certain rules in the interim prudential sourcebook for investment businesses

The following rules in the Interim Prudential sourcebook for investment businesses apply to a firm in respect of qualifying subordinated loans, qualifying undertakings and records:

1. (a)

   IPRU(INV) 5.2.5(1), (2) and (4) to (7) R;

2. (b)

   IPRU(INV) 5.2.6(3) R; and

3. (c)

   IPRU(INV) 5.3.1(1) R and IPRU(INV) 5.3.1(4) to 5.3.1(6) R.

References in those rules to:

1. (a)

   IPRU(INV) Table 5.2.2(1) R are to be construed as references to UPRU Table 2.2.1 R;

2. (b)

   IPRU(INV) 5.2.3(1) R are to be construed as references to UPRU 2.1.1 R;

3. (c)

   IPRU(INV) 5.3.1(3) R are to be construed as references to UPRU 2.4.1 R; and

4. (d)

   IPRU(INV) 5.2.1(2) are to be construed as references to UPRU 2.1.1 R.