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

Liquid assets test
32 Liquid assets requirement
33 Liquid assets held
34 Surplus / deficit of liquid assets
Calculation of relevant annual fixed expenditure
35 Total expenditure (per income statement)
36 Less: Staff bonuses, except to the extent they are guaranteed
37 Employees' and Directors shares in profits, except to the extent they are guaranteed
38 Other appropriations of profits
39 Allowable commission and fees
40 Interest charges in respect of borrowings made to finance the acquisition of
the firm's readily realisable investments
41 Interest paid to customers on client money
42 Interest paid to counterparties
43 Fees, brokerage and other charges paid to clearing houses, exchanges and
intermediate brokers for the purposes of executing, registering or clearing transactions
44 Foreign exchange losses
45 Other variable expenditure
46 Relevant fixed expenditure
47 Relevant annualised fixed expenditure
Professional indemnity insurance
48 Specify whether your firm holds additional own funds or PII in accordance with IPRU (INV) 7.3.12R
49 If PII is held, provide the following policy details
A B C D E F G H J K L M
PII Basic information PII detailed information
PII policy Annualised
premium
1
Insurer
(from list)
Start date Renewal
date
Currency
of
indemnity
limits
Limit of indemnity required Limit of indemnity received
Single Aggregate Single Aggregate Business line
(from list)
Policy
excess
Policy exclusions