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

TABLE 7.4
PART I
A firm must calculate its initial capital and own funds as shown below,
subject to the detailed requirements set out in Part II.
Paragraph Category Part II
TIER 1
(1) Paid-up share capital (excluding preference
shares)
(2) Share premium account
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A 2
(3) Audited reserves and interim profits 3 and
4
(4) Non-cumulative preference shares
(5) Eligible LLP members' capital 5
Initial capital = A
(6) Investments in own shares B
(7) Intangible assets 6
(8) Material current year losses 7
(9) Excess LLP members' drawings
(10) Material holdings in credit and financial
institutions
Tier 1 capital = (A-B) = C
TIER 2 1(b)
(11) Revaluation reserves D
(12) Fixed term cumulative preference share capital 1(a)
8
Appendix 1