Related provisions for IPRU-INV 13.1A.3

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IPRU-INV 13.1A.4RRP
(1) A firm that is also an IMD insurance intermediary must have professional indemnity insurance at least equal to the limits set out in 13.1.4(2)(b) and in addition has to have:(a) initial capital of EUR 25,000; or (b) professional indemnity insurance at least equal to the requirements of 13.1.4(2)(c) and 13.1.4(3) to 13.1.6; or (c) a combination of initial capital and professional indemnity insurance in a form resulting in a level of coverage equivalent to (a) or (b). [Note: