Related provisions for MIPRU 3.2.7

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IPRU-INV 13.1.10RRP
If the firm is an IDD insurance intermediary48, the appropriate minimum limits of indemnity per year are no lower than: (1) EUR 1,300,3807 for a single claim against the firm; and4(2) EUR 1,924,5607 in the aggregate.4[Note: articles 10(4) and 10(5)4 of the IDD4]
IPRU-INV 13.1.12RRP
[deleted]844432
IPRU-INV 13.1.13RRP
If the firm is not an IDD insurance intermediary,8 then the following limits of indemnity apply: 4(1) if the firm has relevant income of up to £3,000,000, no lower than £500,000 for a single claim against the firm and £500,000 in the aggregate; or (2) if the firm has relevant income of more than £3,000,000, no lower than £650,000 for a single claim against the firm and £1,000,000 in the aggregate.
MIPRU 3.1.3GRP
The purposes of this chapter are to:(1) reflect the UK provisions which implemented9 articles 10(4) and 10(5)8 of the IDD8 in so far as it required 9insurance intermediaries to hold professional indemnity insurance, or some other comparable guarantee, against any liability that might arise from professional negligence; and(2) meet the statutory objectives12 of consumer protection and protecting and enhancing the integrity of the UK financial system12 by ensuring that firms have