CP12/32: Implementation of the Alternative ... - BVCA admin

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Types of investment firm: BIPRU 50K firm 1.1.20 R A BIPRU 50K firm means a BIPRU investment firm that satisfies the following conditions: … Page 63 of 91 Appendix 1 (3) it is not a UCITS investment firm collective portfolio management investment firm; and … Types of investment firm: 730K firm 1.1.21 R A BIPRU investment firm that is not a UCITS investment firm collective portfolio management investment firm, a BIPRU 50K firm or a BIPRU 125K firm is a BIPRU 730K firm. A BIPRU investment firm that operates a multilateral trading facility is a BIPRU 730k firm. … 8.5 Basis of consolidation … Basis of inclusion of UCITS investment firms collective portfolio management investment firms in consolidation 8.5.7 R GENPRU 2.1.46R (Adjustment of the variable capital requirement calculation for UCITS investment firms collective portfolio management investment firms) does not apply for the purpose of this chapter. 8.5.8 G In general a UCITS investment firm collective portfolio management investment firm only calculates its capital and concentration risk requirements in relation to its designated investment business and does not calculate them with respect to scheme management activity managing an AIF or managing a UCITS. The effect of BIPRU 8.5.7R is that this does not apply on a consolidated basis. For the purpose of this chapter the calculations are carried out with respect to the whole of the activities of a UCITS investment firm collective portfolio management investment firm.
Annex F Amendments to the Interim Prudential sourcebook for Investment Business (IPRU(INV)) In this Annex new text is underlined and struck though text is deleted unless otherwise indicated. 5 Chapter 5: Financial Resources ... 5.2.3(2) R ... 5.2.3(3) (a) Exceptions from the liquid capital requirement (ii) ... Page 64 of 91 Appendix 1 (c) the firm is a trustee of an authorised unit trust scheme whose permitted business consists only of trustee activities and does not include any other activity constituting specified trustee business or the firm is a depositary of an ICVC or a PE AIF depositary whose permitted business consists only of depositary activities. ... Own funds requirement R The own funds requirement for a firm subject to rule 5.2.3(2) is: (i) £4,000,000 for a firm which is a trustee of an authorised unit trust scheme or a depositary of an ICVC; (ia) €125,000 for firm which is a PE AIF depositary; and (ii) £5,000 for any other firm.
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Consultation Paper CP12/32 Financia
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The Financial Services Authority in
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CP12/32 Implementation of the Alter
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Annex 2 List of consultation questi
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Annex 2 November 2012 CP12/32 Imple
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ALTERNATIVE INVESTMENT FUND MANAGER
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Annex A Making the Investment Funds
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Page 5 of 91 Appendix 1 (2) a descr
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3.2.5 R An AIFM must, for each AIF
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Page 9 of 91 Appendix 1 (6) the agg
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Page 11 of 91 Appendix 1 (4) the id
Page 136 and 137: [Note: article 15(1) of AIFMD] this
Page 138 and 139: (1) a full scope UK AIFM of: (a) a
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Page 142 and 143: experienced; Page 19 of 91 Appendix
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Page 146 and 147: Page 23 of 91 Appendix 1 3.11.5 G T
Page 148 and 149: (Own funds requirement). [Note: art
Page 150 and 151: supplements the meaning of financia
Page 152 and 153: instruments remain in its custody;
Page 154 and 155: supplementing this section] 4. Comm
Page 156 and 157: Annex B Amendments to the Glossary
Page 158 and 159: collective portfolio management fir
Page 160 and 161: Page 37 of 91 Appendix 1 non-listed
Page 162 and 163: BIPRU 730k firm Page 39 of 91 Appen
Page 164 and 165: … Page 41 of 91 Appendix 1 (e) (i
Page 166 and 167: esources only at excessive cost. Pa
Page 168 and 169: Single Market Directive … Page 45
Page 170 and 171: Page 47 of 91 Appendix 1 [Note: art
Page 172 and 173: Page 49 of 91 Appendix 1 7.1.7B In
Page 174 and 175: Page 51 of 91 Appendix 1 [Note: art
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Page 180 and 181: [Note: paragraph 1(r) of Annex II o
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Page 184 and 185: Page 61 of 91 Appendix 1 amount of
Page 188 and 189: The following text is new and is no
Page 190 and 191: Page 67 of 91 Appendix 1 (1) at the
Page 192 and 193: Page 69 of 91 Appendix 1 so that th
Page 194 and 195: TABLE 7.4 PART I A firm must calcul
Page 196 and 197: Note consistently in respect of any
Page 198 and 199: initial capital (see item 5) if the
Page 200 and 201: Form of qualifying subordinated loa
Page 202 and 203: Annex H Amendments to the Supervisi
Page 204 and 205: Descriptio n of data item Annual re
Page 206 and 207: … Data item SUP 16.12.12R, unless
Page 208 and 209: indicated otherwise. Data item Firm
Page 210 and 211: client assets … Page 87 of 91 App
Page 212 and 213: … Data item SUP 16.12.23R, unless
Page 214 and 215: FSA066 and FSA06 are added - see fo
Page 216 and 217: Liquid assets test 32 Liquid assets
Page 218 and 219: Professional negligence capital req
Page 220 and 221: is not listed, select ‘Other’.
Page 222 and 223: FSA067 Capital adequacy - supplemen
Page 224 and 225: PII capital requirement 5A This is
Page 226 and 227: External validations Validation Dat
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