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

FCA 2013/xx
The table in GENPRU 2.1.50G is deleted in its entirety. The deleted text is not shown.
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Calculation of the fixed overheads requirement (BIPRU investment firm only)
2.1.53 R In relation to a A BIPRU investment firm which is required to must calculate
a fixed overheads requirement, the an amount of that requirement that is
equal to one quarter of the firm's relevant fixed expenditure calculated in
accordance with GENPRU 2.1.54R.
2.1.54 R For the purpose of GENPRU 2.1.53R, and subject to GENPRU 2.1.55R to
GENPRU 2.1.57R, a BIPRU investment firm's relevant fixed expenditure is
the amount described as total expenditure in its most recent audited annual
report and accounts, less the following items (if they are included within
such expenditure):
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GENPRU 2.1.63R to GENPRU 2.1.74G are deleted in their entirety. The deleted text is not
shown.
2.2 Capital resources
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Purpose
2.2.4 G This section also implements minimum EC standards for the composition of
capital resources required to be held by a BIPRU firm. In particular it
implements the third paragraph of article 95(2) of the EU CRR, applying
Articles 56 - 61, Articles 63 - 64, Article 66 and Articles 120 - 122 of the
Banking Consolidation Directive (2006/48/EC) and Articles 12 - 16, Article
17 (in part), Article 22(1)(c) (in part) and paragraphs 13 - 15 of Part B of
Annex VII of the Capital Adequacy Directive (2006/49/EC).
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2.2.6 G This table belongs to GENPRU 2.2.5G.
Topic
Location of text
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