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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

capital resources

      1. (1) in relation to a BIPRU firm189, the firm's capital resources as calculated in accordance with the capital resources table; or
      1. (2) [deleted]230
      1. (3) (for the purposes of GENPRU and BIPRU (except BIPRU 12), in relation to an undertaking not falling within (1) 230and subject to (4)), capital resources calculated in accordance with (1) on the assumption that:
        1. (a) it is a BIPRU firm with a Part 4A permission; and
        1. (b) it carries on all its business in the United Kingdom and has obtained whatever permissions for doing so are required under the Act; or
      1. (4) (for the purposes of GENPRU and BIPRU (except in230 BIPRU 12) and in relation to any undertaking not falling in (1)230 for which the methodology in (3) does not give an answer whose capital resources a BIPRU firm (the "relevant firm") is required to calculate under a Handbook rule) capital resources calculated under (1) on the assumption that it is a BIPRU firm of the same category as the relevant firm; or173
      1. (5) (for a firm carrying on any home financing connected to regulated mortgage contracts or home financing and home financing administration connected to regulated mortgage contracts) capital resources calculated under MIPRU 4.2.23 R.173