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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.

initial capital

      1. (1) [deleted]
      1. (2) [deleted]
      1. 128(3) [deleted]128
      1. (3A) 125(in IPRU(INV) 11 the166 amount of own funds referred to in article 26(1)(a) to (e) of the UK CRR166 and calculated in line with Part Two of those Regulations (Own funds).166

    [Note: article 28(1) of the CRD]166

      1. (4) (in the case of a BIPRU firm) capital resources included in stage A (Core tier one capital) of the capital resources table plus capital resources included in stage B of the capital resources table (Perpetual non-cumulative preference shares).166
      1. (5) [deleted]166
      1. (6) (for the purposes of the definition of dealing on own account in BIPRU and in the case of an undertaking not falling within (3) or (4)) capital resources calculated in accordance with (3) and paragraphs (3) and (4) of the definition of capital resources.166
      1. (7) (in IPRU(INV) 13) the initial capital of a firm calculated in accordance with IPRU(INV) 13.1A.6R.
      1. (8) (for an IFPRU investment firm166) the amount of own funds referred to in article 26(1)(a) to (e) of the UK CRR166 and calculated in accordance with Part Two of those Regulations (Own funds).124

    [Note: article 28(1) of CRD]166

      1. (9) (for the purpose of the definition of dealing on own account in IFPRU) the amount of own funds referred to in article 26(1)(a) to (e) of the UK CRR166 and calculated in accordance with Part Two of those Regulations (Own funds).124