Related provisions for BIPRU 2.1.1

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GENPRU 2.2.19RRP
This table belongs to GENPRU 2.2.17 RType of firmLocation of rulesRemarksInsurerGENPRU 2 Annex 1BankGENPRU 2 Annex 2Building societyGENPRU 2 Annex 3BIPRU investment firm without an investment firm consolidation waiverGENPRU 2 Annex 4 (Deducts material holdings)Applies to a BIPRU investment firm not using GENPRU 2 Annex 5 or GENPRU 2 Annex 6BIPRU investment firm without an investment firm consolidation waiverGENPRU 2 Annex 5 (Deducts illiquid assets)A BIPRU investment firm must
GENPRU 2.2.20GRP
GENPRU 2.2.19 R sets out three different methods of calculating capital resources for BIPRU investment firms. The differences between the three methods relate to whether and how material holdings and illiquid assets are deducted when calculating capital resources. The method depends on whether a firm has an investment firm consolidation waiver. If a firm does have such a waiver, it should deduct illiquid assets, own groupmaterial holdings and certain contingent liabilities. If
GENPRU 2.2.240GRP
The alternative calculation in GENPRU 2.2.239R (3) to (4) is only relevant to BIPRU 11 (Pillar 3 disclosures) and certain reporting requirements under SUP. However the deduction of material holdings at Part 2 of stage E of the capital resources table in the case of a BIPRU investment firm with an investment firm consolidation waiver has effect for all purposes.
BIPRU 8.4.1RRP
This section applies to a BIPRU investment firm with an investment firm consolidation waiver.
BIPRU 8.4.2GRP
A BIPRU investment firm may apply for a waiver of the requirement in this chapter to apply capital requirements on a consolidated basis. Such a waiver is called an investment firm consolidation waiver.
BIPRU 8.4.4GRP
The FSA will not grant an investment firm consolidation waiver unless:(1) the UK consolidation group or non-EEA sub-group meets the conditions for being a CAD Article 22 group;(2) the FSA is satisfied that each BIPRU firm in the UK consolidation group or non-EEA sub-group will be able to meet its capital requirements using the calculation of capital resources in GENPRU 2 Annex 6 (Capital resources table for a BIPRU investment firm with a waiver from consolidated supervision);
BIPRU 8.4.10GRP
GENPRU 2.2 (Capital resources) says that a BIPRU investment firm with an investment firm consolidation waiver should calculate its capital resources on a solo basis using GENPRU 2 Annex 6 (Capital resources table for a BIPRU investment firm with a waiver from consolidated supervision). GENPRU 2 Annex 6 requires a BIPRU investment firm to deduct contingent liabilities in favour of other members of the UK consolidation group or non-EEA sub-group. Therefore BIPRU 8.4.9R (5)(b) only
SUP 16.12.11RRP
The applicable data items referred to in SUP 16.12.4 R are set out according to firm type in the table below:Description of data itemFirms prudential category and applicable data items (note 1)BIPRU firms (note 17)2Firmsother thanBIPRU firms730K125K and UCITS investment firms50KIPRU(INV)2Chapter 3IPRU(INV)2Chapter 5IPRU(INV)2Chapter 9IPRU(INV)2Chapter 13UPRUAnnual accountsNo standard formatNo standard format (note 19)2No standard format2No standard format (note 21)3No standard
SUP 16.12.15RRP
The applicable data items referred to in SUP 16.12.4 R according to type of firm are set out in the table below: Description of data itemFirms prudential category and applicable data items (note 1)BIPRUFirmsother than BIPRU firms730K125K andUCITS investment firms50KIPRU(INV)2Chapter 3IPRU(INV)2Chapter 5IPRU(INV)2Chapter 9IPRU(INV)2Chapter 13UPRU2Annual accountsNo standard format8Annual accountsof the mixed-activity holding company (note 10)5No standard format5Solvency statement
SUP 16.12.22ARRP
2The applicable data items referred to in SUP 16.12.4 R are set out according to type of firm in the table below:Description ofData itemFirm prudential category and applicable data item (note 1)BIPRU 730K firmBIPRU 125K firm and UCITS investment firmBIPRU 50K firmIPRU(INV)2Chapter 13 firms carrying out European-wide activities under MiFIDIPRU(INV)2Chapter 13 firms not carrying out European-wide activities under MiFIDAnnual accountsNo standard formatAnnual accounts of the mixed-activity
SUP 16.12.25ARRP
2The applicable data items referred to in SUP 16.12.4 R are set out according to type of firm in the table below:Description of data itemFirms prudential category and applicable data item (note 1)BIPRUFirmsother thanBIPRU firms730K125K50KIPRU(INV)Chapter 3IPRU(INV)Chapter 5IPRU(INV)Chapter 9IPRU(INV)Chapter 133UPRUAnnual accountsNo standard format8Annual accounts of the mixed-activity holding company (note 10)No standard formatSolvency statement (note 11)No standard formatNo standard
BIPRU 2.1.7RRP
A firm that has a solo consolidation waiver must incorporate in the calculation of its requirements under the main BIPRU firm Pillar 1 rulesand BIPRU 10 (Concentration risk requirement) each subsidiary undertaking to which the solo consolidation waiver applies. This does not apply to the base capital resources requirement.
GENPRU 2.3.35GRP
The effect of GENPRU 2.3.34 R is that Lloyd's members' contributions, including letters of credit, guarantees and life assurance policies, are admissible assets.
GENPRU 3.2.9RRP
If the Part IV permission of a firm contains a requirement obliging it to comply with this rule with respect to a third-country banking and investment group of which it is a member, it must comply, with respect to that third-country banking and investment group, with the rules in Part 2 of GENPRU 3 Annex 2, as adjusted by Part 3 of that annex.
SUP 13A.9.5GRP
(1) The purpose of the precautionary measure rule is to ensure that an incoming EEA firm is subject to the standards of MiFID and the MiFID implementing Directive to the extent that the Home State has not transposed MiFID or the MiFID implementing Directive by 1 November 2007. It is to 'fill a gap'.(2) The rule is made in the light of the duty of the United Kingdom under Article 62 of MiFID to adopt precautionary measures to protect investors. (3) The rule will be effective for