CP12/32: Implementation of the Alternative ... - BVCA admin
CP12/32: Implementation of the Alternative ... - BVCA admin
CP12/32: Implementation of the Alternative ... - BVCA admin
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(a) an authorised fund; or<br />
Page 38 <strong>of</strong> 91<br />
Appendix 1<br />
(b) is not an authorised fund but has its registered <strong>of</strong>fice or<br />
head <strong>of</strong>fice in <strong>the</strong> United Kingdom.<br />
UK AIFM an AIFM that is established in <strong>the</strong> United Kingdom and has a<br />
Part IV permission to carry on <strong>the</strong> regulated activity <strong>of</strong><br />
managing an AIF.<br />
Amend <strong>the</strong> following existing definitions as shown.<br />
base capital resources<br />
requirement<br />
(1) (in BIPRU) an amount <strong>of</strong> capital resources that an<br />
insurer must hold as set out in GENPRU 2.1.30R<br />
(Table: Base capital resources requirement for an<br />
insurer) or a BIPRU firm must hold under GENPRU<br />
2.1.41R (Base capital resources requirement for a<br />
BIPRU firm) and GENPRU 2.1.48R (Table: Base<br />
capital resources requirement for a BIPRU firm) or, as<br />
<strong>the</strong> case may be, GENPRU 2.1.60R (Calculation <strong>of</strong> <strong>the</strong><br />
base capital resources requirement for banks authorised<br />
before 1993).<br />
(2) (in IPRU(INV)) an amount <strong>of</strong> own funds that a<br />
collective portfolio management firm and an internally<br />
managed AIF must hold in accordance with IPRU(INV)<br />
7.3.1R (Base capital resources requirement).<br />
BIPRU 125k firm has <strong>the</strong> meaning in BIPRU 1.1.19R (Types <strong>of</strong> investment firm:<br />
BIPRU 125K firm) which in summary is a BIPRU investment<br />
firm that satisfies <strong>the</strong> following conditions:<br />
…<br />
(4) it is not a UCITS investment firm collective portfolio<br />
management investment firm; and<br />
…<br />
BIPRU 50k firm has <strong>the</strong> meaning in BIPRU 1.1.20R (Types <strong>of</strong> investment firm:<br />
BIPRU 50K firm) which in summary is a BIPRU investment<br />
firm that satisfies <strong>the</strong> following conditions:<br />
…<br />
(c) it is not a UCITS investment firm collective portfolio<br />
management investment firm; and<br />
…