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

FCA 2013/xx
6R
consolidated supervision
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Part 2 of the capital resources calculation for an investment firm with a waiver from
consolidated supervision
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Note (4): The material holdings that must be deducted at part 2 of stage E are material
holdings issued by undertakings which would have been members of the firm's UK
consolidation group or non-EEA sub-group if the firm did not have an investment firm
consolidation waiver if:
(1) in relation to a BIPRU investment firm, the holding forms part of the undertaking's
tier one capital resources; or
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Note (6): The contingent liabilities that must be deducted by a firm at Part 1 of stage M are
any contingent liabilities which the firm has in favour of BIPRU investment firms, financial
institutions, asset management companies and ancillary services undertakings which would
have been members of the firm's UK consolidation group or non-EEA sub-group if the firm
did not have an investment firm consolidation waiver.
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GENPRU TP 7 is deleted in its entirety. The deleted text is not shown.
TP 8
Miscellaneous capital resources definitions for BIPRU firms
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Preference shares
8.7 R A bank or BIPRU investment firm may treat a preference share as eligible
for inclusion within stage B of the capital resources table (Perpetual noncumulative
preference shares) if it would not otherwise be eligible if:
(1) on 31 December 2006 the firm was subject to IPRU(BANK) or
IPRU(INV);
…
(3) as at 31 December 2006 the firm included it, and was entitled to
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