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

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FCA 2013/xx Requirement to have adequate financial resources … 1.2.26A G BIPRU 12 contains rules and guidance in relation to the adequacy of a BIPRU firm's liquidity resources. Consistent with GENPRU 1.2.2AR, in assessing the adequacy of its liquidity resources, a BIPRU firm should do so by reference to the overall liquidity adequacy rule, rather than the overall financial adequacy rule. [deleted] … … 1.2.33 R … … Systems, strategies, processes and reviews (2) In the case of a BIPRU firm the processes, strategies and systems relating to concentration risk must include those necessary to ensure compliance with BIPRU 10 (Large exposures requirements). [deleted] … 1.2.47 R The ICAAP rules apply on a solo basis: … … … (2) to a BIPRU firm to which those rules do not apply on a consolidated or sub-consolidated basis as referred to in GENPRU 1.2.46R (including a BIPRU investment firm with an investment firm consolidation waiver); and. (3) a firm referred to in GENPRU 1.2.2R (Application of this section to certain non-EEA firms).[deleted] Capital planning 1.2.78 G Additional guidance in relation to stress tests and scenario analysis for liquidity risk as that concept relates to an insurer is available in SYSC 11 (Liquidity risk systems and controls). BIPRU 12 sets out the main Handbook provisions in relation to liquidity risk for a BIPRU firm. … Page 4 of 57
FCA 2013/xx 1.3 Valuation … … Purpose 1.3.3 G (1) In the case of a BIPRU firm, this section implements Article 74 of the Banking Consolidation Directive, Articles 64(4) and 64(5) of the Banking Consolidation Directive (Own funds) and Article 33 and Part B of Annex VII of the Capital Adequacy Directive. … General requirements: Accounting principles to be applied 1.3.4 R Subject to GENPRU 1.3.9R to GENPRU 1.3.10R and GENPRU 1.3.36R, except where a rule in GENPRU, BIPRU or INSPRU provides for a different method of recognition or valuation, whenever a rule in GENPRU, BIPRU or INSPRU refers to an asset, liability, exposure, equity or income statement item, a firm must, for the purpose of that rule, recognise the asset, liability, exposure, equity or income statement item and measure its value in accordance with whichever of the following are applicable: … … … (4) the Building Societies (Accounts and Related Provisions) Regulation 1998; … General requirements: Valuation adjustments or, in the case of an insurer or a UK ISPV, valuation adjustments or reserves 1.3.35 G Reconciliation differences under GENPRU 1.3.34R should not be reflected in the valuations under GENPRU 1.3 but should be disclosed to the appropriate regulator in prudential returns. Firms which are subject to the reporting requirement under SUP 16.16 should disclose those reconciliation differences in the Prudent Valuation Return which they are required to submit to the appropriate regulator under SUP 16.16.4R. 1.3.35A G UK banks and BIPRU 730k firms are reminded that they may, in respect of their prudent valuation assessments under GENPRU 1.3.4R and GENPRU 1.3.14R to GENPRU 1.3.34R, be subject to the requirement under SUP 16.16.4R to submit a Prudent Valuation Return to the appropriate regulator. Page 5 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 connection with common
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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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