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

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FSA066 and FSA06 are added - see following pages SUP 16 Annex 25G Guidance notes for data items in SUP 16 Annex 24R Guidance notes on Forms FSA036 and FSA041 are deleted Guidance notes on Forms FSA066 and FSA067 are added - see following pages. Page 91 of 91 Appendix 1
FSA066 Capital adequacy (for collective portfolio management firms and internally managed AIFs ) Regulatory Capital A B Tier 1 1 Paid up share capital (excluding preference shares) 2 Share premium account 3 Audited reserves 4 Non-cumulative preference shares 5 Eligible LLP member's capital 6 Initial capital 7 Less: Investment in own shares 8 Intangible assets 9 Material current year losses 10 Excess LLP member's drawings 11 Material holdings in credit and financial institutions 12 Total deductions 13 Tier 1 capital Tier 2 14 Revaluation reserves 15 Fixed term cumulative preference share capital 16 Long term Qualifying Subordinated Loans 17 Other cumulative preference share capital and debt capital 18 Qualifying arrangements 19 Own funds Regulatory capital tests 20 Own funds test for collective portfolio management firms Own funds Higher of: 21 Funds under management requirement and 22 Fixed overheads requirement 23 + (either) Professional negligence capital requirement 24 + (or) PII capital requirement 25 Total capital requirement 26 Surplus / deficit of own funds Own funds test for internally managed AIFs 27 Own funds 28 Base capital resources requirement 29 + (either) Professional negligence capital requirement 30 + (or) PII capital requirement 31 Surplus / deficit of own funds
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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
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[Note: article 15(1) of AIFMD] this
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(1) a full scope UK AIFM of: (a) a
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Page 17 of 91 Appendix 1 (b) the re
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experienced; Page 19 of 91 Appendix
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Page 21 of 91 Appendix 1 by the fac
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Page 23 of 91 Appendix 1 3.11.5 G T
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(Own funds requirement). [Note: art
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supplements the meaning of financia
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instruments remain in its custody;
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supplementing this section] 4. Comm
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Annex B Amendments to the Glossary
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collective portfolio management fir
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Page 37 of 91 Appendix 1 non-listed
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BIPRU 730k firm Page 39 of 91 Appen
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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
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Page 174 and 175: Page 51 of 91 Appendix 1 [Note: art
Page 176 and 177: [Note: paragraph 1(c) of Annex II o
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Page 182 and 183: Page 59 of 91 (2) the fixed overhea
Page 184 and 185: Page 61 of 91 Appendix 1 amount of
Page 186 and 187: Types of investment firm: BIPRU 50K
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
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Page 210 and 211: client assets … Page 87 of 91 App
Page 212 and 213: … Data item SUP 16.12.23R, unless
Page 216 and 217: Liquid assets test 32 Liquid assets
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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
Page 228 and 229: CP12/32 Implementation of the Alter
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