Related provisions for IPRU-INV 9.5.5

1 - 2 of 2 items.
Results filter

Search Term(s)

Filter by Modules

Filter by Documents

Filter by Keywords

Effective Period

Similar To

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

Perpetual long-term subordinated loans and perpetual cumulative preference share capital may not be included in the calculation of own funds unless they meet the following requirements: (1) it may not be reimbursed on the holder's initiative or without the prior agreement of the FCA; (2) the instrument must provide for the firm to have the option of deferring the dividend payment on the share capital; (3) the shareholder's
A firm may include a subordinated loan in the calculation of its own funds only: (a) if it is drawn up in accordance with the standard forms obtained from the FCA; (b) if it is signed by authorised signatories of all the parties; and (c) to the extent that it is fully paid up.