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

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FCA 2013/xx Annex B Amendments to the General Prudential sourcebook (GENPRU) In this Annex, underlining indicates new text and striking through indicates deleted text, unless otherwise stated. 1 Application 1.1 Application … 1.1.2 G Broadly speaking however, GENPRU applies to: (1) insurer; (2) a bank; [deleted] (3) a building society; [deleted] (4) a BIPRU investment firm; and (5) groups containing such firms. … 1.2 Adequacy of financial resources … 1.2.2A R In relation to any provision in this section which applies to a BIPRU firm, a reference in that provision to "financial resources" does not constitute a reference to "liquidity resources". [deleted] 1.2.3A G In relation to: (1) a BIPRU firm; (2) an incoming EEA firm which: (a) (b) is a full BCD credit institution; and has a branch in the United Kingdom; and (3) a third country BIPRU firm which: (a) is a bank; and Page 2 of 57
FCA 2013/xx (b) has a branch in the United Kingdom: BIPRU 12 contains rules and guidance in relation to the adequacy of that firm’s liquidity resources. [deleted] … 1.2.11 G The adequacy of a firm's financial resources needs to be assessed in relation to all the activities of the firm and the risks to which they give rise and so this section applies to a firm in relation to the whole of its business. In the case of a collective portfolio management investment firm this means that this section is also applies to scheme management activity and to activities that are not designated investment business its activities in relation to the management of AIFs and/or UCITS. … Purpose 1.2.13 G This section amplifies Principle 4, under which a firm must maintain adequate financial resources. It is concerned with the adequacy of the financial resources that a firm needs to hold in order to be able to meet its liabilities as they fall due. These resources include both capital and liquidity resources. As noted in GENPRU 1.2.3AG, however, the appropriate regulator's rules and guidance in relation to the adequacy of the liquidity resources of a BIPRU firm are set out in BIPRU 12. 1.2.14 G In the case of a bank or building society this section implements Article 123 and (in part) Annex XI of the Banking Consolidation Directive. In the case of a BIPRU investment firm this section implements the third paragraph of article 95(2) of the EU CRR applying Article 34 of the Capital Adequacy Directive so far as that Article applies Article 123 of the Banking Consolidation Directive. … … 1.2.21 G … Outline of other related provisions (2A) BIPRU 12 sets out material on systems and controls that apply specifically to liquidity risk in relation to a BIPRU firm, a branch of an incoming EEA firm that is a full BCD credit institution and a branch of a third country BIPRU firm that is a bank. [deleted] … … Page 3 of 57
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Financial Conduct Authority Consult
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We are asking for comments on this
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CP13/6 CRD IV for Investment Firms
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CRD IV for Investment Firms CP13/6
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FCA 2013/xx Annex A Prudential sour
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FCA 2013/xx (a) (b) deal on own acc
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FCA 2013/xx 1.1.14 G A firm also fa
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FCA 2013/xx connected with, its reg
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FCA 2013/xx 2.1 Application 2.1.1 R
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FCA 2013/xx (a) (b) (c) the nature
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FCA 2013/xx losses because its inco
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FCA 2013/xx 2.2.18 R A firm must ha
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FCA 2013/xx [Note: article 83(3) of
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FCA 2013/xx (b) (c) sudden and seve
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FCA 2013/xx (b) provide the resolut
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FCA 2013/xx between each firm which
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FCA 2013/xx in a number of risk cat
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FCA 2013/xx Capital planning 2.2.73
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FCA 2013/xx approving and actioning
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FCA 2013/xx financial situations or
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FCA 2013/xx activities (IFPRU 2.2.1
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FCA 2013/xx suggested. 2.3.17 G The
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FCA 2013/xx (3) what plan is in pla
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FCA 2013/xx 2.3.35 G For a firm tha
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FCA 2013/xx that considers the poss
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FCA 2013/xx unexpected cash flows l
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FCA 2013/xx (1) a failure by a firm
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FCA 2013/xx single counterparty; (b
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FCA 2013/xx (4) that it has in plac
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FCA 2013/xx that firm. Calculation
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FCA 2013/xx 3.2.8 R A firm must dem
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FCA 2013/xx 126(2), 178(1)(b), 243(
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FCA 2013/xx (1) whether there is an
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FCA 2013/xx 4.3.8 G A significant I
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FCA 2013/xx set out but are outside
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FCA 2013/xx requirements in article
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FCA 2013/xx standards for data qual
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FCA 2013/xx Definition of default:
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FCA 2013/xx Variable scalar conside
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FCA 2013/xx Data considerations 4.3
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FCA 2013/xx (b) (c) (eg, external a
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FCA 2013/xx will allow such cures t
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FCA 2013/xx and not be based purely
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FCA 2013/xx downturn conditions, a
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FCA 2013/xx Direct estimates of EAD
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FCA 2013/xx Netting 4.3.119 G For c
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FCA 2013/xx 4.3.131 G As with all a
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FCA 2013/xx Low default portfolios
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FCA 2013/xx Other requirements 4.3.
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FCA 2013/xx 4.4.4 G A firm should n
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FCA 2013/xx significant risk transf
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FCA 2013/xx risk transfer notificat
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FCA 2013/xx EU CRR) should be revie
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FCA 2013/xx being recognised or the
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FCA 2013/xx with traded debt instru
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FCA 2013/xx Duration of the credit
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FCA 2013/xx Track record and financ
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FCA 2013/xx Pledge of assets, takin
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FCA 2013/xx complete and stabilised
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FCA 2013/xx properties are diversif
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FCA 2013/xx assets are highly liqui
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FCA 2013/xx market asset when it co
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FCA 2013/xx Financial strength of t
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FCA 2013/xx (f) (g) The effect of t
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FCA 2013/xx (2) contains the rule t
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FCA 2013/xx 6.1.8 G The pricing mod
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FCA 2013/xx 6.2.3 G Futures, forwar
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FCA 2013/xx 6.2.11 G This table bel
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FCA 2013/xx (b) (c) equal to a frac
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FCA 2013/xx demonstrate this by hav
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FCA 2013/xx shifts for both VaR and
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FCA 2013/xx individual basis if it
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FCA 2013/xx material practical or l
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FCA 2013/xx the financial situation
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FCA 2013/xx consolidated situation
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FCA 2013/xx applications against ar
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FCA 2013/xx Calculation of counterc
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FCA 2013/xx … 13.1.4 G Pursuant t
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FCA 2013/xx resources requirement i
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FCA 2013/xx Paragraph 22(2) of chap
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FCA 2013/XX Annex A Amendments to t
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FCA 2013/XX [deleted] … 4.2 Perso
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FCA 2013/XX [Note: article 91(9) of
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FCA 2013/XX 4.3A.5R to SYSC 4.3A.12
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FCA 2013/XX 7.1.18 R (1) A CRR firm
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FCA 2013/XX 12.4.-1R, BIPRU 12.4.5A
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FCA 2013/XX http://www.eba.europa.e
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FCA 2013/XX 19A.3.12 A 19A.3.12 B
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FCA 2013/XX 19A.3.29 R A firm must
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FCA 2013/XX … 19A.3.47 R (1) …
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FCA 2013/XX (b) (c) a firm's passpo
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FCA 2013/XX Remuneration policies m
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FCA 2013/XX 19C.3.1 R (1) A firm mu
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FCA 2013/XX Structured finance Lend
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FCA 2013/XX (b) in line with the ac
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FCA 2013/XX current and future risk
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FCA 2013/XX insurance to undermine
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FCA 2013/XX (1) is exceptional; (2)
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FCA 2013/XX component unless a subs
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[Note: article 91(3) of the CRD] FC
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PART A: INTRODUCTION & INTERPRETATI
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Table 1: Glossary of terms defined
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PART C: LEVELS PROCESS FOR DIVIDING
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solo Remuneration Code firm. (2) Wh
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Disapplication of certain remunerat
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(5) Sub-paragraph (6) applies where
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APPENDIX 1: SUPPLEMENTAL GUIDANCE O
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This document has no legal effect a
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GENERAL GUIDANCE ON PROPORTIONALITY
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PART A: INTRODUCTION & INTERPRETATI
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Table 1: Defined expression group G
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proportionality rule. Part-year Rem
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(d) The rule on guaranteed variable
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APPENDIX 1: PILLAR 3 DISCLOSURE REQ
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CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

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