CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

FCA 2013/xx
BIPRU firm
has the meaning set out in BIPRU 1.1.6R (The definition of a
BIPRU firm), which is in summary a firm that is:
(a)
(b)
(c)
(d)
(e)
a building society; or
a bank; or
a full scope BIPRU investment firm; or
a BIPRU limited licence firm; or
a BIPRU limited activity firm;
a firm, as defined in article 4(1)(2)(c) of the CRR that is authorised
to provide only one or more the following investment services:
(a)
(b)
execution of orders on behalf of clients;
portfolio management,
but excluding firms of the type listed in BIPRU 1.1.7R (Exclusion
of certain types of firm from the definition of BIPRU firm).
CAD investment firm
has the meaning set out BIPRU 1.1.14R (Types of investment firm:
CAD investment firm), which in summary is an investment firm a
firm that is subject to the requirements imposed by MiFID (or
which would be subject to that Directive if its head office were in
an EEA State) but excluding a bank, a building society, a credit
institution, a local and an exempt CAD firm that meet the following
conditions:
(a)
(b)
it is a firm as defined in article 4(1)(2)(c) of the CRR; and
it is authorised to provide only one or more the following
investment services:
(i)
(ii)
execution of orders on behalf of clients;
portfolio management.
capital planning buffer
(in BIPRU 2.2 and IFPRU 2) the amount and quality of capital
resources that a firm should hold at a given time in accordance with
the general stress and scenario testing rule, so that the firm is able
to continue to meet the overall financial adequacy rule throughout
the relevant capital planning period in the face of adverse
circumstances, after allowing for realistic management actions.
capital resources (1) in relation to a BIPRU firm or an insurer, the capital
resources as calculated in accordance with the capital
resources table, including, in relation to a BIPRU firm, as
that calculation is adjusted under BIPRU 10.5 for the
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