Related provisions for GENPRU 2.2.84A
This table belongs to GENPRU 2.2.5 G
This table belongs to GENPRU 2.2.51 G
Description of the stage of the capital resources calculation |
Stage in the capital resources table |
Amount (£) |
Total tier one capital after deductions 8 |
Stage F |
80 |
Total tier two capital 8 |
Stage K |
80 |
Deductions |
Stage M |
(20) |
Total tier one capital and tier two capital after deductions |
Stage N |
140 |
Upper tier three capital (this example assumes the firm has no lower tier three capital (trading book profits)) |
Stage Q |
50 |
Total capital resources |
Stage T |
190 |
This table belongs to GENPRU 2.2.55 G
Description of the stage of the capital resources calculation |
Stage in the capital resources table |
Amount (£) |
Total tier one capital and tier two capital after deductions |
Stage N |
140 |
Credit and counterparty1 risk requirement 16 |
(100) |
|
Tier one capital and tier two capital available to meet market risk requirement |
40 |
|
Stage Q |
50 |
|
Total capital available to meet market risk requirement |
90 |
|
Market risk requirement |
(90) |
|
Market risk requirement met subject to meeting gearing limit set out in GENPRU 2.2.49 R – see GENPRU 2.2.57 G |
Table: Application of tier two capital rules to tier three debt
This table belongs to GENPRU 2.2.244 R
Adjustment |
|
GENPRU 2.2.159 R (General conditions for eligibility as tier two capital) |
The references in GENPRU 2.2.159R (5) (Capital must not become repayable prior to stated maturity date except in specified circumstances) to repayment at the option of the holder are replaced by a reference to GENPRU 2.2.242R (1) (Upper tier three capital should have maturity or notice period of at least two years) The reference in GENPRU 2.2.159R (10) (Description of tier two capital in marketing documents) to GENPRU 2.2.271 R (Other requirements: insurers carrying on with-profits business (Insurer only)) does not apply |
GENPRU 2.2.161 R (Additional remedies) |
|
GENPRU 2.2.163 R (Legal opinion where debt subject to a law of a country outside the United Kingdom) |
|
GENPRU 2.2.169 R (Ineligibility as tier two capital owing to connected transactions) |
The reference to GENPRU 2.2.177 R (General eligibility conditions for upper tier two capital) does not apply |
GENPRU 2.2.171 R (Amendments to terms of the capital instrument) |
|
GENPRU 2.2.172 R to GENPRU 2.2.173 R (Redeemability at the option of the issuer) |
|
GENPRU 2.2.174 R (Notification of redemption) |
|
References in the rules in the first column to the fifth anniversary are amended so as to refer to the second anniversary. |
This table belongs to GENPRU 2.1.47 R
Firm category |
Amount: Currency equivalent of12 |
BIPRU firm (but not a collective portfolio management investment firm)12 12 |
€50,00012 |
Schedule to the Recognition Requirements Regulations, Paragraph 1
2(1) The [UK RIE] must have financial resources sufficient for the proper performance of its [ relevant functions] as a [UK RIE]. |
(2) In considering whether this requirement is satisfied, the [FCA]5must (without prejudice to the generality of regulation 6(1)) take into account all the circumstances, including the [UK RIE's] connection with any person , and any activity carried on by the [UK RIE], whether or not it is anexempt activity. 5 |
Table: Capital charges relating to consolidated requirement components
This table belongs to BIPRU 8.7.11 R
Rules on which the consolidated requirement component are based (the applicable risk capital requirement) |
|