Related provisions for IPRU-INV 9.3.4
1 - 13 of 13 items.
Table: Items which are eligible to contribute to the financial resources of a firm Item Additional explanation 1. Share capital This must be fully paid and may include: (1) ordinary share capital; or (2) preference share capital (excluding preference shares redeemable by shareholders within two years). 2. Capital other than share capital (for example, the capital of a sole trader, partnership or limited liability
Table: Items which are eligible to contribute to the prudential resources of a firmItemAdditional explanation1Share capitalThis must be fully paid and may include:(1)ordinary share capital; or(2)preference share capital (excluding preference shares redeemable by shareholders within two years).2Capital other than share capital (for example, the capital of a sole trader, partnership or limited liability partnership)The capital of a sole trader is the net balance on the firm's capital
A firm must calculate its capital resources in accordance with table 13.15.3(1). Table 13.15.3(1)This table forms part of IPRU-INV 13.15.3R.Capital resourcesCompaniesSole traders: PartnershipsPaid-up share capital (excluding preference shares2 redeemable by shareholders2 within two years)Eligible LLP members’ capitalShare premium accountRetained profits (see IPRU-INV 13.15.4R) and interim net profits (Note 1)Revaluation reservesSubordinated loans (see IPRU-INV 13.15.7R)Debt capitalBalances
1 Deductions and Ratios (Items 10, 11 and 15)(a)Notwithstanding IPRU-INV 5.8.1R and 5.8.2R for an exempt CAD firm, in calculating own funds, all of Item 8 must be deducted after the total of Tier 1 and Tier 2 capital and the following restrictions apply:(i)the total of fixed term cumulative preference shares (item 10) and long-term qualifying subordinated loans (item 11) that may be included in Tier 2 capital is limited to 50 per cent of Tier 1 capital;(ii)Tier 2 capital must
Glossary of defined terms for Chapter 9Note: If a defined term does not appear in the glossary below, the definition appearing in the HandbookGlossary applies. approved exchangemeans an investment exchange listed as such in Appendix 33 to IPRU-INV 3.exchangemeans a recognised investment exchange or designated investment exchange.initial capitalmeans the initial capital of a firm calculated in accordance with section 9.3.intangible assetsthe full balance sheet value of a firm's