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

FCA 2013/xx
8.13 R …
…
IPRU(BSOC) or IPRU(INV);
(2) the firm issued the capital instrument on or before 31 December
2006; and
(3) (in the case of a bank) as at 31 December 2006 the bank included the
capital instrument, and was entitled to include it, in the calculation
of its capital resources under IPRU(BANK) as innovative tier one
capital as referred to in chapter CA of IPRU(BANK); and [deleted]
(4) (in any other case) the firm included the capital instrument, and was
entitled to include it, in the calculation of its capital resources under
IPRU(BSOC) or IPRU(INV) as capital of a type that corresponded to
tier one capital.
do not apply to a capital instrument issued by a firm if:
(5) on 31 December 2006 the firm was subject to IPRU(BANK),
IPRU(BSOC) or IPRU(INV);
…
(7) as at 31 December 2006 the firm included the capital instrument, and
was entitled to include it, in the calculation of its capital resources
under IPRU(BANK), IPRU(BSOC) or IPRU(INV) as capital of the
type that corresponds to:
…
Waivers and concessions
8.16 G A reference to a firm being entitled to include capital instruments in the
calculation of its capital resources under IPRU at a particular level includes
the firm being able to do this under a waiver or, in the case of
IPRU(BANK)or IPRU(BSOC), a written approval by the FSA.
…
TP 8A
Further miscellaneous capital resources definitions for BIPRU firms
…
8A.3 R If a BIPRU firm treats a capital instrument as eligible for inclusion as hybrid
capital under GENPRU TP 8A.2R, then the firm:
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