Related provisions for IPRU-INV 13.13.4

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(1) A firm to which MIPRU also applies must calculate its capital resources requirement as in (2).(2) The firm must calculate its capital resources requirement as the higher of:(a) £20,000; and(b) the sum of:(i) the amount that would have applied to it under IPRU-INV 13.13.2R(2)(b) if it were a firm of the type in column (B) of table 13.13.2(2)(b); and(ii) the capital resources requirement in MIPRU 4.2. (Capital resources requirements), after excluding the fixed amounts specified